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…
Tag: MSME
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…
Annual Report: Telangana registers investment of Rs 73k cr since industry policy’s launch
Telangana has registered investments of Rs. 73,000 crore since the launch of TS-IPASS in 2015, the new industrial policy launched by the state government. Telangana Minister for Industries and IT K. T. Rama Rao released the Department’s Annual Report-2017. In the third year of the State of …
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…
Kalraj Mishra praises Haryana for expanding small enterprises
Union Minister Kalraj Mishra said that exemplary work undertaken in Haryana for expansion of small enterprises, technical education and digital literacy, has made the state a model for others to follow. The Union Minister for Micro, Small and Medium Enterprises was speaking at an event here.…
GST rollout: On-boarding tax network, cash crunch top SMEs’ worries
While the panellists at a conclave on ‘GST and its impact on SMEs’ were in agreement on sticking to a July 1 GST rollout agenda, views varied on its impact on trade. And from the discussions that followed, it was apparent that the participants’ apprehensions were not as much on the GST rate slabs…
Shopclues gives lessons to Varanasi weavers on online selling
E-commerce player Shopclues has joined hands with the state’s MSME Development Institute to impart training on online selling to traditional weavers and artisans here. At the Weaver Service Centre (WSC) here, the ShopClues team is encouraging weavers to register themselves on e-Commerce sites, wh…
Odisha small industries corporation turnover at Rs 531 cr
Odisha Small Industries Corporation (OSIC), a state run PSU, has achieved a turnover of Rs 531 crore during 2016-17 with a net profit of Rs 7.83 crore, official sources said. Majority of its turnover comes from commercial and marketing activities, said additional Chief Secretary for MSME L N Gupt…
IIA finds anomalies & discrepancies in GST rate schedules, submits representation to GST Council
Indian Industries Association (IIA) – the apex representative body of Micro, Small and Medium Enterprises (MSME) in consultation with more than 7000 MSME members carried out a detailed study on the GST rates announced by GST Council for Goods and Services. The study revealed that there are …
GST Council forms 18 groups to sort out industry worries
The GST Council has set up 18 sectoral groups to interact with the sectors like telecom, banking and export and sort out their issues in a time-bound manner for a smooth transition to the new indirect tax regime. These sectoral working groups consist of senior officers from the Centre and states …