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GST COMPLIANCE FOR MSMES
As GST turns 10, focus shifts to AI-led compliance, faster refunds, simpler tax processesIndia's Goods and Services Tax, now in its tenth year, is evolving towards greater efficiency. The government is leveraging AI, data sharin...
Trade disruptions, API dependence, compliance costs: Pharma MSMEs spell out policy priorities on World MSME DayIndian pharmaceutical MSMEs are facing immense pressure from rising costs, supply chain woes, and stringent regulations. Industry represent...
MSMEs and GST@9: Journey so far and next phase of reformsFor India Inc., including MSMEs, the focus appears to have shifted from stabilisation to optimisation, as confidence grows on account of di...
Supplier gaps, invoice compliance, credit access continue to hit 5 in 10 MSMEs: SurveyMSMEs are embracing digital procurement for better pricing and efficiency, yet face persistent hurdles in supplier management and payments.
GST wins India Inc's vote, but businesses seek faster refunds and smarter reforms: DeloitteIndia's GST regime has achieved widespread acceptance, with digitisation and rate adjustments hailed as major successes. Businesses now pri...
India’s MSMEs are no longer digitising for compliance alone: Tally’s Tejas GoenkaAs MSMEs accelerate their digital transformation journey, technology is becoming central to growth, efficiency, and resilience. Tejas Goenk...
To bring the world, sell India better: The $200 million fix India needs to unlock a tourism windfallIndia's tourism sector faces challenges due to a near-zero overseas marketing budget. This has kept international arrivals below pre-pandem...
'People-centric' GST 2.0 to put more money in people's hands, improve cost competitiveness: IndustryThe GST 2.0 reform, effective Monday, aims to boost consumer spending, ease MSME compliance, and lower industry input costs, fostering Indi...
Technology is a vital enabler to automate complex processes in GST: Yashraj Vakil, CaptainBizBy digitizing India’s MSMEs, CaptainBiz CEO Yashraj Vakil says it is simplifying GST compliance and inventory management with different sol...
Budget 2024: Key GST-related challenges MSMEs expect to be addressedUnion Budget 2024 might introduce GST reforms favoring MSMEs, critical to GDP, employment, and exports.
Most of top-level executives have positive perception of GST: Deloitte surveyA Deloitte survey shows growing confidence in India's GST among C-suite executives, with 84% perceiving it positively in 2024, up from 72% ...
How GST ensured fast credit growth to MSMEsIn January 2024, credit to the industry expanded by 7.8% y-o-y, down from the 8.7% growth recorded in January 2023.
Five years of GST: Is it a gamechanger for MSMEs?Conscious of the immense contribution of the sector, the government has been taking many measures to provide a more facilitative environmen...
Industry wants government to fix small etail’s GST compliance problemSection 24(ix) of the CGST Act, 2017, states that “any person who supplies goods through an e-commerce operator, is required to compulsoril...
A case for better tax-policies for MSMEsTax reforms and schemes that ought to encourage trading and ease of business – including on e-commerce platforms – have seemingly complicat...
All pending GST refunds for MSMEs to be paid within 30 days: FMTo ease GST woes for the MSMEs FM announced that all pending GST refunds will be paid within 30 days.
Sitharaman, Gadkari meet MSMEs on access to credit, banks' reluctance to lendIssues concerning MSMEs’ access to credit, banks’ reluctance to lend without collateral security, soaring compliance costs, and GST refunds...