Global leader in credit ratings and research, Fitch Ratings has said in its latest special report on the newly rolled-out Goods and Services Tax (GST) that the tax regime is probable to have a negative impact on the SME sector. “India’s new Goods and Services Tax (GST) is likely to have a b…
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MSDE launches GST training prog to skill 2 lakh youth under 100 centres
The Ministry of Skill Development and Entrepreneurship (MSDE) has launched a national GST training programme under the flagship scheme of Pradhan Mantri Kaushal Vikas Yojana (PMKVY) to skill 2 lakh youths in 6 months with regard to tax compliance issues. Launched on the occasion of Second Anniver…
GST rollout: SMEs & industry veterans cheerfully put aside concerns
Heralding a new era in tax reforms, GST regime is finally here up and running, and despite initial skepticism, it has been hailed by the entire industry. Considered as a key factor in improving ease of doing business and paving the way for ‘One Nation-One Tax’, GST promises to make India one big …
GSTN provider Vayana Network raises Rs 25.7 cr in Series-A funding
Digital trade financing network and a Goods and Services Tax Network (GSTN) provider, Vayana Network, has bagged over Rs 25.7 crore from IDG Ventures and Jungle Ventures in series A funding. The Pune based network facilitates trade between businesses and helps finance small and medium enter…
Kalraj Mishra bats for acceleration to Khadi industry
Union MSME Minister Kalraj Mishra has expressed the willingness for Khadi products to be exempt from the new tax regime that has come into effect with the roll-out of Goods and Services Tax (GST) on July 1. The Union Minister was addressing a meeting with Khadi institution in the august presence …
NSIC launches GST helpline to help MSMEs undergo transition
National Small Industries Corporation (NSIC) has launched a GST helpline to help MSMEs conduct their business under the new tax regime. The helpline comes as part of the Corporation’s earlier launched GST information campaign. The helpline comes to assist MSMEs undergo the GST transition and unde…
GST Impact: Lenovo sees 5% growth in biz on the back of SMEs
PC maker Lenovo is expecting a 5 per cent increment in business after the GST rollout, given small traders will also be required to file their I-T returns thrice a month now, a company’s top executive said. “The computer industry is the only one which has a dual impact of GST which pe…
GST & DigitalMSME can together drive growth of “New India”: Kalraj Mishra
GST will improve MSMEs market expansion. The regime has not differentiated between sales and services, which is “good news” for MSMEs related to the sales and services business model
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Yes Bank launches ‘YES GST’ programme for MSMEs
Through the program, the Bank will help MSMEs understand the impact of the proposed changes under the new tax system. Missed Call Helpline facility, GST-ready Working Capital Management, GST-ready Invoicing and Cash Management solution, and GST-ready Business Credit Cards will be provided.
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GST an opportunity for SMEs to leverage on technologies: Intel India MD
Mallya said GST is an example of how digitisation is helping in adoption of technology. The technological transformation in SME space seems to be significant post GST rollout, he said.
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