With the government pushing for digital transactions and a unified technology driven taxation system, goods and services tax (GST) likely to be rolled out by July 2017, small and medium enterprises (SMEs) are gearing up to optimise the limited IT resources to remain agile and capitalise on emergi…
Tag: Goods and Services Tax (GST)
Govt working on increasing exports to China
The government is working towards increasing exports to China to balance a wide trade deficit and formulate a sustainable trade relationship between the two nations, Economic Affairs Secretary Shaktikanta Das said on February13. “Our Commerce and Trade Department is working with China to in…
Jaitley meets Directors of RBI Central Board
New Delhi: Finance Minister Arun Jaitley on February 11 stressed on the importance of uplifting the rural sector in India at a post-budget meeting organised here. Addressing the meeting of Central Board of the Reserve Bank of India, Jaitley discussed the importance of increasing allocation toward…
GST: Why TCS on e-tailers doesn’t make sense
Amidst fierce rivalries, lobbying about a “level playing field”, arguments on the dumping of foreign capital, and the Indian versus multinational debate, it was fun to watch the chiefs of India’s top three e-tailing companies come together for another level-playing field talk. A…
MSME Ministry receives 4.40 lakh applications seeking entrepreneurial assistance
The Union Ministry of Micro, Small and Medium Enterprises (MSMEs) received 4.40 lakh applications from entrepreneurs seeking assistance for setting up a business, Minister of State for MSME Haribhai Parthibhai Chaudhary said here on February 2nd. “I recently took a meeting of small entrepre…
Right time for path-breaking Budget
Budget 2017-18 will be path-breaking. For one, it will be presented on February 1 instead of February 28 as was the practice. For another, this will be the first unified central budget, merging the railway budget with the main budget. Besides, this budget will do away with the distinction between…
GST: Centre, States reach consensus over dual control, roll out likely from July 1
New Delhi: India will likely be able to roll out the goods and services tax (GST) from July 1 following a breakthrough on Monday over the seemingly intractable issue of tax administration after the Centre accommodated states’ concerns. “It’s a significant headway,” Union F…
New-age ERP to be trigger for opportunities offered by SMEs in 2017
Enterprise Resource Planning (ERP) systems have come a long way since the 1990s, when they first became popular. The ERP space is seeing rapid transformations, with new capabilities and integrated analytics. The migration of ERP systems to the cloud has been a huge disrupter, and this has resulte…
Relief for SMEs adopting digital payment mode: Ravi Shankar Prasad
Union Information Technology Minister Ravi Shankar Prasad on December 17 said that no inquiry or opening on their transactions pre-November 8 will be done if small shopkeepers and enterprises adopt digital payment mode. Prasad said that this observation was made by Prime Minister Narendra Modi du…
Global SME Summit: Ministry looking at making MSMEs globally competitive, says MSME DC
“India is a market that needs to reposition itself in the backdrop of challenges faced by the MSME sector due to globalisation 2.0,” said Surendra Nath Tripathi, Additional Secretary & Development Commissioner, Government of India while addressing the 13th Global SME Summit 2016 organised by …