Mumbai: SIDBI plans to broaden and deepen its scope of lending to small and medium businesses by upgrading its lending portal Udyamimitra. The upgraded portal will put in place a digital financial market place for micro, small and medium enterprises (MSMEs) to leverage the pr…
Tag: GST
Back small, medium businesses to create jobs, Rahul urges government
New Delhi: The government should support small and medium businesses and the informal sector to create jobs instead of unleashing taxmen on them, Congress Vice President Rahul Gandhi has said. In a video released by the Congress on October 6, Gandhi said the central issu…
GST Council meeting today, MSMEs, exporters may get relief package
New Delhi: The Goods and Services Tax Council (GST Council) chaired by Finance Minister Arun Jaitley is likely to announce on October 6 a special package for micro, small and medium enterprises (MSMEs) that will, among other things, address the concerns of exporters, as policymakers explore ways …
India’s manufacturing sector picking up the pieces after GST kicks in
Business conditions among manufacturers saw a modest improvement in September, supported by better output and new orders. The Nikkei Purchasing Managers’ Index (PMI), a monthly survey, showed that manufacturing PMI remained unchanged at 51.2 in September. With that, PMI breached the 50-mark for t…
GST Suvidha franchises set to take off and relieve burden of small traders
The Indian government’s effort to ease burden and harassment faced by small businessmen and traders over filing good and service tax (GST) returns is beginning to bear fruit with the expansion of GST Suvidha Centres that are springing up across the country through a franchise model. These c…
CII offers suggestions to Indian govt on GST rules
Praising various efforts for successful transition of businesses to the goods and services tax (GST) regime, Confederation of Indian Industry (CII) director general Chandrajit Banerjee has urged the government to extend the provisional input tax credit period by six months from the current two fo…
‘To save Make in India, fix GST for small and medium businesses’
Quarterly filing and higher turnover limits need to be intertwined to stop the GST from becoming a car-wreck for the country’s SMEs
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Govt & GST Council open to reconsidering decisions: Revenue Secy Hasmukh Adhia
“It appears to us that there is some amount of normalcy because destocking had happened on the manufacturer side but now restocking has started”
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Small firms with poor financials in vulnerable position: RBI report
Bolstering funding sources for liquidity-starved small units important to arrest next NPA wave
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GST: MSMEs, small firms may get relaxation to file GST returns
The centre is considering the proposal put forward by small firms and filing of GST returns may be made on a quarterly basis.
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