For startups and new businesses, there is some relief as currently, a business with turnover above Rs 5 lakh had to register for and pay Value Added Tax (VAT), which would differ across states.
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Tag: GST
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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GST impact: Here’s how Govt is easing compliance burden of small biz
Intimating and cancelling provisional migration under GST gets timeline extension; Revenue Secretary Hasmukh Adhia informs small businesses about extension through tweets
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‘GSTN & UPI will extend lending hands to finance starving MSMEs’
GSTN will bring online seven million organizations and five billion invoices every month, while street-side micro-entrepreneurs will soon be able to leverage their transaction data through Unified Payment Interface (UPI) apps to access micro-loans
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Industries accept GST with open arms, Network registration crosses 77 lakh
MoS for Finance Santosh Kumar Gangwar assures internet not compulsory to run business, connectivity required only while filing returns under GST
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GST to benefit small traders & accelerate goods transportation: PM
While informing the Members of Parliament about the benefits of GST, the Prime Minister said the regime will accelerate the transportation of goods and be of advantage to small traders.
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ITPO laces up to organise India International Footwear Fair 2017
India Trade Promotion Organization (ITPO) is all set to organise India International Footwear Fair (IIFF) 2017 from 4th to 6th August at Pragati Maidan in New Delhi. The fair aims to make the buyers experience the emergence of technology in the industry and introduce new opportunities to the Indi…
Textile SMEs unaffected by GST rollout: Arun Jaitley
Union Finance Minister Arun Jaitley has said small retailers in textiles sector have not been affected by Goods and Services Tax (GST), while replying to a starred question in Rajya Sabha on July 18 in a written reply. The Finance Minister said that organised players and unorganised sellers are l…
Govt has scrapped about 1200 laws to encourage start-ups: Amitabh Kant
To encourage entrepreneurs, the government has removed around 1,200 complex laws and procedures for easy registration of start-ups in the country, Niti Aayog CEO Amitabh Kant said on July 18, at the Entrepreneur India Congress 2017. According to Kant, the government has taken many steps especiall…