India has an estimated five crore small and medium enterprises (SMEs) that form the backbone of the economy. How will the implementation of the goods and services tax (GST) impact the sector, which contributes 50 per cent of the industrial output and constitutes India’s 42 per cent export earning…
Tag: GSTIN
How to correct errors in GST registration?
You have registered for GST and now you have discovered there is an error in your GST registration. Will it mean that you have to scrap your entire GST registration and apply for a fresh one? Not at all! You can rectify any mistakes or change any of the details given in the application for [&hell…
Crisil SME Tracker: GST bodes short-term pain but long-term gain for MSMEs
Implementation of the Goods and Services Tax (GST), scheduled to take effect on July 1, 2017, is expected to pose challenges for micro, small and medium enterprises (MSMEs) in the short term. In the long run however, it will help them compete better. As things stand, though there is clarity on ta…