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TAX COMPLIANCE MSMES
EU's CBAM poses major compliance challenge for Indian MSMEs; Experts seek urgent government supportIndian MSMEs are struggling with the EU's Carbon Border Adjustment Mechanism, facing compliance hurdles due to a lack of financial and tech...
Beyond refunds: Why GST 2.0 is a growth enabler for MSME exportersLiquidity alone won’t close the credit gap that most Indian MSME exporters face. This is where GST 2.0 has its most underappreciated impact...
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...
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...
World Bank approves USD 1.5 bn loan to support India's reforms, job creationIndia's push for private sector-led growth and job creation has received a significant boost with the World Bank approving USD 1.5 billion ...
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...
Manufactured monopoly: How industrial policy is structuring monopolies in IndiaIndia's industrial strategies are shaping a landscape where giant corporations thrive while smaller enterprises struggle to keep up. Polici...
UK’s steel curbs emerge as an early hurdle for FTA with India ahead of roll-out. Is there a way out?The UK has extended safeguard measures on select steel imports; starting from July 1, 2026, it will reduce tariff-free quotas by 60% and im...
Deloitte India could lead professional services space soon: Romal ShettyDeloitte India’s leadership believes that the future of professional services will extend beyond traditional offerings to solutions, platfo...
Higher gold import duty may boost gold loan demand, says Nirmal JainIncreased import duties on gold, while potentially impacting jewellery demand, present new opportunities for the gold loan industry. Higher...
Mythos: A challenge for the Indian banking systemClaude Mythos, a cutting-edge AI tool, has unearthed significant weaknesses in cybersecurity systems. In response, Indian authorities are s...
India's digitalisation reforms improved productivity in MSMEs: IMF paperA working paper by the International Monetary Fund said digitalisation of public administration in India has boosted productivity among MSM...
Compliance-first strategy key for Indian MSMEs to effectively navigate Trump’s tariffs: Avalara’s Dulles KrishnanIndian businesses, especially MSMEs, need to proactively conduct compliance audits, seek expert counsel and invest in tax automation tools ...
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.
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.
Ease of doing business, digitization helped MSMEs grow significantly says PHDCCI surveyIn 2020, India ranked 63rd in World Bank’s Ease of Doing Business EODB Report out of 190 countries, leapfrogging by 14 ranks from the previ...
Making structural changes can give fillip to the MSMEs in the upcoming budgetIt is critical for the government to take some bold moves that helps in revival of the sector and boosts investor confidence.
Budget 2017 – energising entrepreneurshipThe MSMEs today continue to deal with core business challenges including high interest costs, ability to raise adequate working capital, an...