The Importance of MSMEs in India’s Economy Micro, small, and medium enterprises (MSMEs) play a pivotal role in India’s economic development. Contributing around 30% to the country’s GDP and employing…
Mandatory Filing Deadline and Exemptions The GST annual return (GSTR-9) for FY 2023-24 must be filed by all GST-registered taxpayers (except a few categories) by December 31, 2024. Exemptions apply…
Exponential Growth in MSME Registrations and Employment In the past 15 months, micro, small, and medium enterprises (MSMEs) in India have created close to 10 crore new jobs, as per…
Significant Growth in SGST Collections Tamil Nadu has reported the highest growth in Goods and Services Tax (GST) collections among comparable states in the first half of 2024-25. The State…
Background of Xerox’s Organizational Changes In October 2023, Xerox Holdings Corporation launched a major organizational overhaul called “Reinvention.” This included shifting to a new operating model, consolidating teams under a…
Notice from FSSAI on Preservative Use Shares of Britannia Industries declined by 2.54%, closing at Rs 4,769.35, following the company’s announcement of receiving a notice from the Food Safety and…
Review of Delivery Charge Taxation State and central GST officials, comprising the fitment committee, have revisited the taxation of delivery charges levied by food delivery platforms like Swiggy and Zomato.…
New Laboratory Designation in Hyderabad The Food Safety and Standards Authority of India (FSSAI) has designated the Analytical Testing Laboratory at the National Institute of Pharmaceutical Education and Research (NIPER)…
30-fold Reduction in Penalty Rates Kerala's municipal corporations have introduced a major reform in the penalty structure for delayed renewals of trade, commerce, business, and service licenses. Previously, penalties were…
Rs 6.12 Lakh Crore Target for FY26, Rs 7 Lakh Crore for FY27 Finance Minister Nirmala Sitharaman, speaking at the SBI Banking and Economics Conclave 2024, urged banks to prioritize…