It’s not that a tax waiver or a low rate of tax is everyone’s choice. The input tax credit (ITC) facility, which will be the hallmark of the proposed goods and services tax (GST), has several industrial segments pitching against their potential exclusion from the tax regime while some other askin…
Tag: GST
एमएसएमई सेक्टर नोटबंदी के असर से उबरने की ओर: कलराज मिश्र
एमएसएमई मिनिस्टर कलराज मिश्र ने कहा है कि नोटबंदी के कारण एसएमई सेक्टर बुरी तरह प्रभावित हुआ है। नकद कमी के चलते लघु का उधोगों को व्यापारिक परेशानियों का सामना करना पड़ रहा है जिससे उनकी उत्पादन क्षमता में गिरावट हुयी है। 2016 में मंत्रालय द्वारा प्राप्त की गयी उपलब्धियां गिनातें हुए मंत्री ने कह…
Lodha Developers floats maiden fund for start-up investments
Lodha Developers Pvt. Ltd, the country’s largest real estate developer in terms of sales, has launched its maiden investment fund for start-ups focused on smart city solutions and the overall real estate sector, it said in a statement on January 4. With an initial investment corpus of Rs 50 crore…
Keep labour-intensive sectors out of GST ambit: Nirmala Sitharaman
Commerce and Industry Ministry asked the GST Council to grant ab-initio exemption to exporters from the Goods and Services Tax and keep the labour-intensive sectors like leather and plantation completely out of the tax net or put them in lowest slab. Commerce and Industry Minister Nirmala Sithara…
Things normalising for MSMEs after note ban, says Kalraj Mishra
Trying to dispel fears that the MSME sector had taken a big hit from demonetisation, Union Minister Kalraj Mishra on December 31, said things are falling in place slowly despite “initial difficulties”. Addressing reporters here on the ministry’s achievements in 2016, Mishra admi…
Indian SME trends: The year gone by and 2017
Flourishing amidst a challenging environment, the Small and Medium Enterprises ( SMEs) of India experienced several highs and lows in the past few years. With the Indian economy expected to emerge as one of the leading economies in the world and likely to become a $5 trillion economy by 2025, maj…
Demonetisation: MSMEs braced for more challenges ahead
Cash-dependent Micro, Small and Medium Enterprises (MSMEs) across the country have borne the brunt of the ongoing demonetisation exercise. With about 86 per cent of the currency (high denomination Rs. 500 and Rs. 1,000 bank notes) in circulation being scrapped with effect from November 9, and the…
Needed, a comprehensive National MSME Policy | ASSOCHAM
The MSME sector contributes 8 per cent to the GDP, whilst employing more than 80 million people. Growth in micro and small enterprises has been consistent over the past five decades due to a combination of government support, implementation of technological enhancements, and support by the bankin…
Note ban kills MSME sector’s window before going cashless for GST
Hyderabad: What has demonetisation done to the struggling and attention-sought Micro, Small and Medium Enterpises (MSMEs)? These industries which were directed to go cashless before the implementation of Goods and Service Tax (GST), expected in about four more months, have been forced to go digit…
Consolidated SME, corporate data with banks to improve lending: CII
Demonetisation has created an enormous opportunity to channelise public savings into productive assets, and consolidating data of SMEs and corporates can provide banks with the necessary information to assess the credit-worthiness of borrowers, Confederation of Indian Industry (CII) said on Decem…