GST Department Issues New Year Notices: Corporates Brace for Legal Battles
As the clock struck midnight on New Year's Eve, a slew of GST notices descended upon major players in India Inc, from Hindustan Unilever to ICICI Bank, HDFC Bank, and…
Tax Regime Dilemma: Old vs. New – Balancing Compliance and Economic Impact
The introduction of the New Tax Regime under Section 115BAC of the Income Tax Act 1961 aimed at fostering electronic tax filings and transparency in Income Tax Returns. Despite a…
MSME Ministry Empowers Development Offices to Expedite Udyam-Related Resolutions
The Ministry of Micro, Small, and Medium Enterprises (MSME) has delegated authority to its development and facilitation offices (DFOs) in state capitals and industrial hubs for prompt redressal of Udyam-related…
GST Collection Dips to Three-Month Low, Yet Remains Robust at Rs 1.65 Trillion
In December, Goods and Services Tax (GST) collections witnessed a dip to a three-month low, reaching Rs 1.65 trillion. This decline is attributed to a slowdown in economic activities post-Diwali.…
GST Developments Shaping MSME Landscape in 2023: A Recap
In the dynamic regulatory landscape of 2023, several Goods and Services Tax (GST) developments unfolded, significantly impacting Micro, Small, and Medium Enterprises (MSMEs). The Economic Survey for 2022-23 highlighted the…
Digital Public Infrastructure (DPI) Key to Closing MSME Credit Gap in Low and Middle-Income Nations
A recent report by global wealth and asset management company Lighthouse Canton highlights the potential of Digital Public Infrastructure (DPI) in bridging nearly 50% of the credit gap faced by…
Piyush Goyal Unveils E-Commerce Exports Handbook for MSMEs and Expands RoDTEP to Courier and Postal Exports
Commerce Minister Piyush Goyal has launched the 'E-Commerce Exports Handbook for MSMEs,' a comprehensive guide developed by the Directorate General of Foreign Trade (DGFT). The handbook aims to assist Micro,…
Potential Increase in GST Registration Threshold and Other Reforms Discussed by FM Nirmala Sitharaman
During a discussion on the Central Goods and Services Tax (Second Amendment) Bill, 2023 in the Rajya Sabha, Finance Minister Nirmala Sitharaman addressed various proposals, including the possibility of raising…
Accelerating Growth for Fashion and Textile MSMEs through Research and Forecasting
In the dynamic landscape of India's textile and apparel trade, MSMEs play a pivotal role, employing millions and contributing significantly to global exports. However, their growth hinges on strategic decision-making,…
Finhaat Secures $3 Million in Seed Funding for Expanding Digital Insurance Services
Insurtech startup Finhaat has successfully raised $3 million in its seed funding round, with leading contributions from venture capital firms Omnivore and Kettleborough VC. Since its inception in 2022, Finhaat…
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