Big businesses in India are happy with the introduction of GST but small and medium enterprises (SMEs) and start-ups that don’t have required resources and expertise to facilitate GST compliance procedures are having hard times
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Tag: GST
Amazon India launches ‘Amazon Business’ for SmallBiz
E-commerce major Amazon India on September 27 launched a new marketplace — Amazon Business — to cater to the requirements of the small and medium businesses (SMBs) in the country. The new marketplace is focussed on meeting the procurement needs of SMBs such as technology and service c…
MSME is one of the sectors that needs more attention: CII
The CII has put forward recommendations for economic growth in which one of the main focus is with regards to the MSMEs sector.
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How fintech players can help banks bridge the gap in SME lending in India
Before the Indian government liberalized the economy in 1991, the success of businesses in India depended mostly on government contacts, licenses, bureaucracy and ambition. Today, the competitive landscape is much more diverse, with family businesses having to compete with MNCs for better technol…
GSTN selects Adaequare as GST Suvidha Provider
New Delhi: Adaequare Info Private Limited, a data and product engineering company with specialization in finance and tax transformation, compliance management and e-commerce solutions has been selected as a Goods and Services Tax (GST) Suvidha Provider (GSP) by the GST Network (GSTN). The company…
Easy SME loans, disinvestment can dig economy out of the slump: Arvind Subramanian
New Delhi: Putting more money into the hands of consumers this festive season, easier loans to SMEs and expediting disinvestment are among the steps being considered as part of a stimulus package to dig the economy out of its deepest slump in three years, according to officials. Also on the …
GST benefits MSMEs via competitions
The Goods and Services Tax (GST) is all set to enhance the competitiveness of the almost five crore Micro, Small and Medium Enterprises (MSMEs) that account for 25% of employment, 40% of industrial output and 45% of exports of the country. This, by making them a part of organised commerce and off…
50k small jewellery artisans render jobless in Diamond City
Surat: About 50,000 jewellery artisans in the Diamond City have been rendered without work as the Good and Service Tax (GST) Council is yet to provide exemption to small units on inter-state supply of finished jewellery manufactured on job work. Industry sources said there are around 20,000 small…
Make in India a good initiative, but should focus more on SMEs: Rahul Gandhi
Congress vice president Rahul Gandhi said the Modi government’s ‘Make in India’ is a good initiative, but it should focus more on small and medium enterprises rather than on large businesses. Gandhi, who is in the US on a two-week-long tour, during his interaction with students …
Commerce Min working with Fin Min & NITI Aayog to address exporters’ issue: Suresh Prabhu
The minister said that the government will speed up refunds of taxes paid by exporters and making incentives for exporters more attractive.
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