With less than a week to go for the new indirect tax regime to kick in, small businesses are trying to understand the modalities of the goods and services tax (GST) as the compliance burden for them is set to significantly rise. Making a relaxation for small businesses, rules allow those with an …
Tag: EasemyGST
‘MSMEs all set to embrace GST challenges’
The CII MSME Summit titled, ‘Breaking Barriers to Excellence: Unlocking Hidden Potential,’ echoed the preparedness of MSMEs to adopt the GST regime. Alongside, the MSMEs seek support from the government for training and awareness programmes on how to implement it, which is critical fo…
GST ready to sail, but majority of SMBs are still at sea, reveals survey
With less than 50 days left to the rollout of goods and services tax (GST), businesses are on edge about their preparedness. The bigger ones have to worry about the GST-compliance of all their suppliers and distributors, as even one laggard in the chain can trip them up. Bengaluru-based garment m…