Goods and Services Tax - Inder Chand Jain The Indian Economy is passing through a period of acute recession. The Government itself has accepted that the country is gripped with recession. The sales, production, order position have gone down drastically and the MSME sector is the worst affected. On top of this, the issue of delayed payments has broken the [&hellip...
Read MoreGoods and Services Tax - An Amendment Act was brought by the Government to meet reducing the undue delay in the cases of dishonor of cheques and to provide payment of interim compensation to the complainants. The MSME’s in particular have been representing that due to delay tactics, easy filing of appeals and obtaining stay on proceedings, the very purpose of s...
Read MoreGoods and Services Tax - Background & Benefits The ZED Certification will focus on MSMEs and small businesses. It will address the quality and ecological needs of domestic and overseas customers, society, employees, partners, regulators, and investors. VISION To enable the advancement of Indian industry to a position of eminence in the global marketplace and ...
Read MoreGoods and Services Tax - Monthly Reporting of Digital Payments by MSMEs- Benefits and Required Information In order to estimate Digital payment transactions in Micro, Small and Medium Enterprises, you are requested to furnish information about the Digital transactions made by your enterprise. The use of Digital transactions offers incentive in the form of cash ba...
Read MoreGoods and Services Tax - What is Interest equalisation Scheme (IES): There are many benefits given to exporters, specially MSME sector exporters. One of the scheme is interest equalisation scheme (IES) or also known as interest subvention. This scheme was introduced with effect from 1st April 2015. This is a rebate of interest provided on pre and post shipment...
Read MoreGoods and Services Tax - Press Information Bureau Government of India Ministry of Finance 23-July-2019 17:45 IST Loans sanctioned in 1,33,448 cases under 59-minutes Scheme to MSME Out of 2,00,660 applications submitted, 1,59,583 applications for loans on the psbloansin 59 minutes.com portal have been accorded in principle approval since the launch of the portal. ...
Read MoreGoods and Services Tax - Guidelines for Filling the Online Udyog Aadhaar Form Note: A. EM-I has been abolished. Need not file through Udyog Aadhaar. B. Udyog Aadhaar (UA) is for running units. No need to apply for upcoming units. C. New Feature Added for Search Facility of NIC Code to Avoid 3 Step Selection of NIC Activities. D. OTP […]...
Read MoreGoods and Services Tax - Ministry of Micro, Small and Medium Enterprises (MSME) has recently established an Export Promotion Cell with an aim to create a sustainable ecosystem for entire MSME development.The benefits likely to accrue to the MSMEs are:...
Read MoreGoods and Services Tax - Due to overwhelming response and feedback from previous batches, TaxGuru, GST Professionals and Govt. of India (Ministry of M.S.M.E) announces its Jan’ 2019 Batch for Advanced Online GST Certification Course. Learn GST in a Practical way and become an Expert in this field....
Read MoreGoods and Services Tax - PM launches historic Support and Outreach Initiative for MSME Sector ♣ PM unveils 12 key initiatives ♣ 59 minute loan portal to enable easy access to credit for MSMEs ♣ Mandatory 25 percent procurement from MSMEs by CPSEs ♣ Ordinance for simplifying procedures for minor offences under Companies Act The Prime Minister, Shri Narendr...
Read MoreM/s Ramky Infrastructure Private Limited Vs Micro And Small Enterprises Facilitation Council & ANR (Delhi High Court) - Hon'ble HC held that an entity which falls within the definition of the micro/small enterprise will be treated as a ‘supplier’ under Section 2(n) of the MSMED Act even if it has not filed a Memorandum as required under Section 8(1) of the MSMED Act....
Read MoreOffice memorandum No. 41(P)/NMCP/TEQUP/EFC/2017(Pt.-2) - (06/03/2019) - The Central Government has decided to continue the Credit Linked Capital Subsidy and Technology Up-gradation Scheme (CLCS-TUS) with a total outlay of Rs. 2900 crore beyond 12th Plan for three years from 2017-18 to 2019-20 recommended by the Expenditure Finance Committee (EFC)....
Read MoreRBI/2018-19/129 DNBR (PD) CC.No.096/03.10.001/2018-19 - (22/02/2019) - Interest Subvention Scheme for MSMEs aims at encouraging both manufacturing and service enterprises to increase productivity and provides incentives to MSMEs for onboarding on GST platform which helps in formalization of economy, while reducing the cost of credit. The Scheme will be in operation for...
Read MoreRBI/2018-19/127 DBR.No.BP.BC.26/21.04.048/2018-19 - (22/02/2019) - It is clarified that the eligibility for restructuring without GST-registration, as per the circular under reference, should be determined on the basis of exemption limit obtaining as on the date of the aforesaid circular, i.e., January 1, 2019....
Read MoreRBI/2018-19/125 FIDD.CO.MSME.BC.No.14/06.02.031/2018-19 - (21/02/2019) - The Scheme aims at encouraging both manufacturing and service enterprises to increase productivity and provides incentives to MSMEs for onboarding on GST platform which helps in formalization of economy, while reducing the cost of credit. The Scheme will be in operation for a period of two financial...
Read MoreS.O. 5670(E) - (09/11/2018) - Special provision for Micro and Small Enterprise owned by women. Out of the total annual procurement from Micro and Small Enterprises, 3 per cent from within the 25 per cent target shall be earmarked for procurement from Micro and Small Enterprises owned by women....
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