छोटे व्यवसाय भारतीय अर्थव्यवस्था की रीढ़ हैं। ये देश की अर्थव्यव्स्था और औद्योगिक विकास को गति देकर नौकरियां पैदा करते हैं। हालांकि, देश में बहुत से व्यवसाय नियमित रूप से रिटर्न फाइल नहीं करते और न ही टैक्स अदा करते हैं। इसकी कुछ वजहें हो सकती हैं। मसलन, जानकारी का अभाव, परिस्थितिजन्य परेशानियां …
Tag: GST
Foreign Trade Policy review: Commerce dept seeks sops for small exporters
New Delhi: The Commerce Department is expected to push for higher interest subsidy and a wider export credit insurance as it seeks to make life easier for small exporters. As part of review of the Foreign Trade Policy, the department is also seeking to widen services basket and make it more attra…
e-Way bill process in GST a dampener for business: Tally Solutions
Terming the procedure to create e-Way Bill under the goods and services tax (GST) cumbersome, Tally Solutions Pvt Ltd has expressed concerns about multi-layer declaration of details and verification during the process, which it feels may defeat the core design of GST. “While the proposed e-…
How GST will reshape Indian start-up industry?
July 1, 2017 will be regarded as the ‘Red Letter Day’ in the history of India for the much awaited legislative reform, Goods and Services Tax (GST) will come into effect. Touted as the biggest legislative reform since Independence, the legislation has initially created apprehension in the minds o…
GST: New tax reform to draw Indian businesses into digital economy
New Delhi: India’s biggest tax reform in history is also set to make its small-to-medium businesses more transparent. On 1 July, as India rolls out its landmark national sales tax, businesses that make less than Rs 100 million—which the government refers to as micro, small and medium enterprises—…
How GST will be a turning point for SMEs
Introduction of the Goods and Services Tax (GST) after a decade-long deadlock is a welcome measure for Indian small and medium enterprises (SMEs). India’s approximately 51 million SMEs are vital for its economy, contributing 45 per cent to the country’s GDP and employing 450 million people. GST h…
GST impact on economy: Five things to watch out for
While the lower Goods and Services Tax (GST) rates may lead to a decline in inflation, economic growth may not improve significantly in the short term even though it will benefit both India Inc and the government in the medium term, experts say. Most economists forecast inflation to come down as …
GST rates: Concern over impact on exports of textiles & jewellery
New Delhi: The Commerce Ministry fears that a higher than expected goods and services tax (GST) rate on gems and jewellery and textiles products may make such exports noncompetitive and exporters may have to be compensated. The two items are among six on which GST rates could not be finalized in …
GST: e-Commerce sector to benefit from faster delivery & transparency
India is set to roll out the Goods and Services Tax (GST) from July 1, which is expected to pare the costs borne by logistics and e-Commerce start-ups face in India. The e-Commerce players that depend heavily on third-party logistics firms to transport goods to the customer’s doorstep have largel…