With 75 per cent of businesses waiting till the last day to file August GST returns, Finance Minister Arun Jaitley on September 20 asked them to avoid last-minute rush for tax filing. He said the GST Network (GSTN) has the capacity to handle 1 lakh returns per hour, which translates to 24 lakh re…
Tag: GST rollout
PM moots a GST-for-all; Appeals tax officers to on-board even exempted small traders
PM asks officers to build a system for small traders to become a part of GST; Says the new regime has brought in more transparency by integrating entire nation as one market
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Access, enablement & affordability are key factors in digital journey of MSMEs: SAP India
Micro, Small and Medium Enterprises (MSMEs) need to adopt strong tech-enabled business models and processes to make them more efficient and achieve global competitiveness in the quest to become digital, said a top SAP India executive in an interview to IANS. At a time when large corporates as wel…
‘GST is a key catalyst for India’s fintech revolution’
Indian businesses have used a pen-and-paper mechanism for keeping records for over 60 years now, and GST has toppled the proverbial apple cart in a big way. Small businesses who have never used an invoicing or return-filing software before now have to use digital solutions.
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Will GST be a long-term pain for SMEs?
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…
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 …
#MonsoonSession: PM kicks-off session with “growing stronger together” spirit of GST
Carry your umbrellas as the Monsoon Session of Parliament is going to rain bills. A total of 16 new bills will be introduced in both the houses of Parliament for consideration and passage. Apart from these, of the 21 bills pending in Lok Sabha and 42 in Rajya Sabha, many could be taken up and [&h…
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…
Banks see credit growth for SMEs & self-employed after GST rollout
What GST will provide us is that for many of these smaller companies, we will have data. So, our ability to understand these businesses, and therefore, lend to them will improve dramatically
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MSME Min to rehabilitate sick units in Eastern UP through cluster dev: Kalraj Mishra
Union MSME Minister Kalraj Mishra has said that incentives will be given to small and medium enterprises in Eastern Uttar Pradesh for rehabilitation of sick units in districts like Benaras, Mirzapur, Bhadohi, etc. The Union Minister said that MSME Ministry will work towards the development of sma…