The Yogi Adityanath-led government aims to not only ease the doing of business, but is also offering surplus sops to businesses willing to set-up in state, post new policy.
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Tag: SME
CITI demands govt to pull down GST levy to 12% on manmade fibres from existing 18%
The synthetic sector is struggling due to factors such as high price, higher cost of manufacturing on account of high input prices and competition from China, South Korea, Indonesia and Thailand.
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GST Impact: ‘Centre should provide spur to MSME sector’
The Centre has to provide an incentive along the lines of Modvat credit to mitigate the adverse impact of the Goods and Services Tax on micro and tiny manufacturing units, say representatives in the MSME sector. Micro and tiny industrial units with turnover of less than Rs 20 lakh, are exempted u…
GST impact on corporates & MSMEs: 8 key factors they need to focus on
With GST ringing in, the government has been true to its promise of introducing GST on July 1. With the promise being completed, it is now up to assessees to reap the benefits. Though there may still be fears in the business community—big and small alike. Nonetheless, assessees will now need to c…
IndiaFilings launches cloud-based GST accounting software for SMEs
IndiaFilings, India’s largest online business services platform announced the launch of LEDGERS, a Goods and Services Tax (GST) accounting software specially designed for SMEs. IndiaFilings.com receives over a million visitors each month. The company has a team of over 300 employees at five…
Centre to support innovators in all stages to nurture budding entrepreneurs
The Central government has broadbased the ‘Start up India, Stand up India’ initiative to encourage innovative ideas by people of various cross-sections, irrespective of their educational background, Union Minister of Science and Technology and Earth Sciences Harsh Vardhan said. Inaugurating …
GST will not lead to rise in inflation, will benefit small biz: Hasmukh Adhia
The government on July 1 swayed concerns that the Goods and Services Tax (GST) would lead to higher inflation if businesses do not pass on the benefits to consumers saying that the competition itself will take care of any disparity in prices. Speaking at ‘GST Doosri Azadi’, a conclave on GST…
‘Leg-up for SMEs as GST ends tax arbitrage’
The rollout of goods and services tax (GST) is expected to level the playing field for small and medium enterprises (SMEs) by reducing the tax arbitrage. True, at least in the immediate term, compliance costs will shoot up as GST requires registration and filing of returns in multiple states. Als…
MSME Minister bullish on success of GST; Assures govt consideration on genuine issues
Union MSME Minister Kalraj Mishra has congratulated Prime Minister Narendra Modi and Finance Minister Arun Jaitley on the successful roll-out of GST and hailed it as India’s biggest tax reform. Bullish over the success of this new tax reform, Mishra assured that government will be considerate on …
GST for SMEs: Four advantages & four concerns
Goods and Service Tax (GST), a broad indirect taxation regime, is only a few hours away from its rollout, and Small and Medium Enterprises (SME) will be the ones most directly impacted by GST implementation. Its impact will be constructive as well as unfavourable in ways more than one. It will br…