Search Operations Underway GST authorities have conducted searches at three offices of ICICI Bank, according to an official announcement by the bank. The operations were initiated under Sections 67(1) and…
Opposition to Proposed GST Rate Changes The Karnataka Hosiery and Garment Association (KHGA) has raised concerns over the proposed hike in GST rates for readymade garments, stating that it could…
Status of MSMEs and Closures As of July 25, 2024, 2.76 crore MSMEs have registered on the Udyam portal since its launch on July 1, 2020. Of these, 49,342 units…
FSSAI's Role in Ensuring Food Safety The Food Safety and Standards Authority of India (FSSAI) has taken significant action following the registration of 533 food and beverage-related complaints in India's…
Mandatory Risk-Based Inspections Introduced The Food Safety and Standards Authority of India (FSSAI) has categorized packaged drinking and mineral water under the "High Risk Food Category." This move subjects the…
PIL Seeking Regulation Dismissed On November 29, 2024, the Supreme Court dismissed a public interest litigation (PIL) that sought to regulate the quality of prasad and food items distributed at…
Funding and Support for MSMEs and Startups The Defence Ministry's Technology Development Fund (TDF) scheme has significantly supported the growth of MSMEs and startups in India’s defence sector. Since January…
Convenient Verification of GST Invoices The Goods and Services Tax Network (GSTN) has approved five official mobile applications to streamline the verification of e-invoices. This move enhances convenience by allowing…
Key Challenges for MSMEs A study by ASSOCHAM and Egrow Foundation highlights significant obstacles faced by Micro, Small, and Medium Enterprises (MSMEs). These include compliance with complex regulations, difficulties in…
Proposal to Include Natural Gas in GST The Union Finance Ministry is reviewing a proposal from the Petroleum Ministry to bring natural gas under the Goods and Services Tax (GST).…