With the countdown to GST rollout underway, government has promised leniency in enforcing penal laws for violations during the initial period of implementation of the new national sales tax regime. Revenue Secretary Hashmukh Adhia said a distinction would be made between genuine mistakes in …
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MSME Ministry’s digital affair blossoms; To launch ICT scheme on Int’l MSME Day
Driving the Digital India dream is at the heartland of MSME Ministry. The ministry is lately in the process of implementing a “Digital MSME” Scheme for the promotion of Information & Communication Technology (ICT) in MSME Sector, and to motivate MSMEs to adopt ICT tools and applic…
MP sets aside Rs 100 cr veture fund ‘MPVFL’ to nurture start-ups & SMEs
The Madhya Pradesh Government has rolled out a new venture fund Madhya Pradesh Venture Finance Limited (MPVFL). The venture fund has been established under the Madhya Pradesh MSME Fund Trust, with an aim to create an SME Innovation Fund. The SME Innovation Fund is the first fund raised under this…
Good news @ NE MSMEs: Assam comes up with Bamboo Technology Park
Assam has come up with a Bamboo Technology Park with an investment is Rs 62.28 crore in Chaygaon in Industrial Growth Centre in the vicinity of Guwahati. Assam Chief Minister inaugurated the park on June 22. The CM said that North East Region accounts for 66 per cent of India’s bamboo. …
Will recommend review of GST, Nirmala Sitharaman assures industries
Union Minister, Nirmala Sitharaman, has assured trade and industry that their grievances on GST would be taken up with the government and she would personally recommend having a review three months after its implementation. Responding to queries about fixing the slab for different trades and…
GoDaddy launches email solution for Indian SMBs
Global internet registrar and web hosting company, GoDaddy, has announced the launch of its new Business Email Service for small businesses in India. According to the company the service will be made available to the SMEs in India for Rs 39 per month ($0.60 approx.) and will include all the featu…
National Flag, temple offerings and Gandhi caps will need e-waybills under GST
The National Flag, temple prasadam, khadi fabric, and Gandhi caps may be exempt from Goods and Services Tax, but for their transportation, the Centre is considering mandating the generation of e-waybills once that system is operationalised. Transporting currency, LPG, and kerosene oil, however, w…
New tax regime to create need for 1.3 m professionals; India Inc rush to get GST math right
GST has infused optimism in the job market. As the goods and services tax rollout date nears, companies across sectors are rushing to get their GST teams in place, leading to a jump in demand for tax and technology professionals. The demand is being led by the FMCG sector, followed by consumer go…
‘MSMEs all set to embrace GST challenges’
The CII MSME Summit titled, ‘Breaking Barriers to Excellence: Unlocking Hidden Potential,’ echoed the preparedness of MSMEs to adopt the GST regime. Alongside, the MSMEs seek support from the government for training and awareness programmes on how to implement it, which is critical fo…
Full fledged university for MSME sector in the offing
The Micro, Small and Medium Enterprise (MSME) sector will soon have its own university, which will run all professional courses on the lines of Indian Institutes of Technology (IITs) and Indian Institutes of Management (IIMs). The MSME Ministry has recently proposed this idea and wants to establi…