India’s new Goods and Services Tax (GST), its biggest tax reform since independence, will unify a $2 trillion economy into a single market – and demand massive changes for small businesses that will have to go online to file their taxes. Major software and service players, IT companie…
Tag: SME
Giftease launches brand merchandise store for small businesses
Small businesses would want their employees to flaunt their logos, as much as large corporates do. However, getting employees to become brand ambassadors, is often challenging for start-ups and small businesses. Managing a brand merchandise program, which entails sourcing products, customization,…
Telangana ready to roll-out GST from July 1: Official
Telangana is ready to roll out the GST from July one from technology and preparedness perspective, according to a key government official. “We are ready. We have not asked for any postponement (of the launch date)”, Revenue Secretary Somesh Kumar told . “As far as technology and…
GST Jet Set Go: 30 MSME DIs & 18 Tool Rooms assisting MSMEs get GST-ready
The Ministry of Micro, Small and Medium Enterprises is leaving no stone unturned to simplify the Goods and Services Tax (GST) for MSME sector. The Ministry has initiated several schemes to simplify the registration of MSMEs under GST. As per the data provided by Ministry, 54 workshops have been o…
Ahead of GST rollout, producers & traders feel taxed
Recently, pharmacists in many cities sent out mailers to some of their regular clients, especially senior citizens. Stock up on your essential drugs, the customers were told. The ‘advisory’ was not triggered by any trouble at the manufacturing end, but by apprehensions arising from the July 1 rol…
Rubique launches TAB solution to make financing simple for MSMEs
For MSMEs, raising capital so far has been a herculean task with all the tedious paperwork, evaluation of credit history and high rejection rates due to various reasons. But, things are now set to change as the leading fintech player Rubique is making a strong headway in the country’s lendi…
‘Blockchain-based loans may rescue SMEs without other funding options’
The strength of every nation’s economy is usually a direct reflection of the viability of the small and medium scale enterprise (SME) sector. The impact of SMEs on the Gross Domestic Product (GDP) of nations cannot be over-emphasized. In most cases, especially developing countries, SMEs account f…
Alibaba cloud to open its first data centre in India by early 2018
Alibaba Cloud, the cloud computing arm of Chinese e-Commerce company Alibaba Group, has announced that it will open its first data center, in India by early 2018. Revenue from Alibaba’s cloud business is growing at twice the rate of its core e-Commerce. Sure, growth has been slowing and there are…
Lower GST on job work of textile yarn to help SMEs: CITI
Reduction in GST rates on job work of textile yarn and fabric manufacturing to 5 per cent from 18 per cent will give a leg-up to SMEs in power loom, knitting and processing sectors, said CITI. According to Chairman of the Confederation of Indian Textile Industry (CITI) J Thulasidharan, reduction …
Bengal MSME incentive scheme to go online soon
West Bengal incentive scheme for MSMEs is set to go online soon. “In the next 10 days we will taking the WBIS 2013 for MSMEs online. With this, now no one will be required to come physically for incentives,” said Vijay Bharti, Director, West Bengal MSME. “Application, tracking a…