NSDL e-Governance Infrastructure Ltd. (NSDL e-Gov) on June 5 announced the launch of its Application Service Provider (ASP) services to help dealers/businesses, chartered accountants (CAs) and tax consultants in filing for the Goods and Services Tax (GST) and complying with the norms of the same.…
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Man-made fibre & synthetic yarn would have inverted duty structure under GST
Man-made fibre and synthetic yarn would have inverted duty structure problem as they would be levied Goods and Services Tax (GST) at 18 per cent, while man-made and synthetic fabric would attract only 5 per cent GST rate. Keeping the rates of key inputs at a higher level will affect the competiti…
Digital Saarthi: ShopClues launches nationwide digital skilling workshops to empower MSMEs
As a part of their nationwide digital skilling initiative under Saarthi, ShopClues organised a seminar on June 2 on Digital Empowerment of MSMEs with support from MSME-DI (Development Institute) and Varanasi Commissionerate Office. Nitin Ramesh Gokarn, Divisional Commissioner Varanasi – Go…
Alibaba acquires majority stake in Indian ticketing start-up TicketNew
Alibaba Pictures, the entertainment unit of China’s e-Commerce major Alibaba Group, has reportedly acquired a majority stake in Chennai-based TicketNew for an undisclosed amount. Post acquisition, Alibaba will have four representatives on TicketNew’s board and the firm’s promoters will have two o…
Without sops, GST set to be taxing for SEZs, tech parks
The recent release of the draft model GST law is possibly the most ambitious and far-reaching reform of the Indian indirect tax structure for goods and services in decades. This is a move as eagerly awaited as it is overdue, given the issues that have plagued the tax system for a long time, inclu…
BSE SME IPO index surges 53%, outperforms broader market
Mumbai: Shares of companies that listed in the one year ending 2 June on the BSE’s platform for small and medium enterprises (SMEs) have gained more than those that listed on the main exchange, data shows. The S&P BSE SME IPO index gained 52.85% in the year ending 2 June while the BSE IPO ind…
Ireland keen to woo Indian start-ups, offers tax benefits
With quite a few nations mulling stronger immigration laws, Ireland, the island in North Atlantic, wants to play a different tune. The Investment and Development Agency (IDA) wants to triple the number of start-ups, IT services organisations, entrepreneurs from various sectors in India in the nex…
Airtel Business plans to woo emerging enterprises to digital platform
Bharti Airtel’s enterprise arm Airtel Business is eyeing a larger share in emerging enterprises, including small and medium businesses (SMBs) and start-ups through its new digital platform, which is offering internet plans without any data caps. “Emerging enterprises are key growth dr…
New Goa Startup Policy likely to focus on IT-anywhere
In a span of less than three months, the government is ready with draft Goa Startup Policy which is likely to focus on promotion of IT startups and the concept of IT anywhere. The policy aims at creating 5,000 jobs in the IT sector over the next five years and will work towards putting Goa [&hell…
India-Germany to sign pact for start-up exchange programme
Indian start-ups may soon get easier access to the German market and investments, thanks to an agreement the government is planning to sign with the country for a start-up exchange programme. Commerce and Industry Minister Nirmala Sitharaman, during her recent visit to Germany alongside Prime Min…