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MSMES CONCERNS GST
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...- 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...
- DLI-backed chip companies call for government procurement supportIndian semiconductor startups are urging the government for stronger market access and intellectual property protection. They highlight the...
- RBI MPC: India's Goldilocks moment dims, but the lights are not outIndia's economic "Goldilocks moment" is shifting as the RBI raises its inflation forecast and lowers growth projections due to external sho...
- 'Invisible weapons attacking social harmony': Akhilesh Yadav targets BJP, demands audit of funds and assetsSamajwadi Party Chief Akhilesh Yadav has directly attacked the Bharatiya Janata Party. He alleges invisible weapons are being used to harm ...
- Born out of microfinance, Bandhan Bank now bets big on AI and digital bankingAs Bandhan Bank accelerates its transition from a microfinance-led institution into a universal bank, Executive Director & COO Ratan Kumar ...
- GST 2.0 Inverted duty structure hurts FMCG, Pharma: Expert flags concernsIndian enterprises are navigating challenges posed by the Goods and Services Tax. The inverted duty scenario is particularly affecting FMCG...
- Liquidity unlocked, access denied: With rating rules, how TReDS leaves most MSMEs behindDespite the government’s TReDS push, experts say the RBI’s move to ease onboarding lacks clarity as credit ratings continue to be a key bot...
- Congress accuses PM Modi of claiming “sole ownership” of GST reformsCongress has criticized Prime Minister Modi for allegedly taking undue credit for GST reforms, asserting that the changes remain insufficie...
- GST reforms to set stage for next investment cycle, provide tailwind for growth in coming quarters and years: Sanjiv BajajSanjiv Bajaj hailed the government’s GST rate cuts as the biggest reform since 2017, calling it a major driver for demand, lending, and fin...
- Pharmaceutical industry seeks relief from rate inversionThe pharmaceutical industry in India anticipates potential relief from Goods and Services Tax inversion. Discussions between companies and ...
- How GST 2.0 can transform the MSME sectorWhile the Government has shown willingness to address the sector concerns, MSMEs are looking forward for additional focus on introducing tr...
- Triple blow of demonetisation, GST, unplanned Covid lockdowns decimated MSMEs in TN: CongressCongress general secretary Jairam Ramesh said that before the BJP came to power, Tamil Nadu boasted a thriving ecosystem of more than 10 la...
- Amit Mitra highlights 'countrywide' GST frauds; urges Sitaraman to call Council meetAlleging that GST frauds are proliferating across the country and MSMEs are facing problems due to a web of regulations, Dr Amit Mitra, pri...
- 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...
- Amidst strain in the economy, MSMEs bat for tax relief, exemptions from capital gains taxCompulsory purchases from MSMEs made by state-run firms were increased to 25% from 20% of their total procurement and the GST Council raise...
- 2-3 tax slab structure will boost GST compliance: Assocham's Saurabh Agarwal"GST is still "work in progress" and rate rationalisation is desirable. The 28% slab is undesirable and should be phased out once the reven...
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