Empowering MSMEs with News & Insights

Economy

Hiring of electric buses by local authorities exempted from GST

Hiring of electric buses by local authorities…

New Delhi, July 27 (KNN) The Government has exempted hiring of electric buses by local authorities from Goods and Service Tax (GST), said Finance Ministry.

Export related charges will be revised; charges to be bifurcated for MSME and non-MSME customers: SBI

Export related charges will be revised; charges…

Bengaluru, July 26 (KNN) The country’s largest public sender lender, State Bank of India (SBI) has revised their export related service charges in…

Rajya Sabha sitting extended till Aug 7

Rajya Sabha sitting extended till Aug 7

New Delhi, July 26 (KNN) Budget session of Parliament, which was to end on Friday, has been extended till August 7 to help transact essential government…

Limit for collateral free lending should be increased to Rs 20 lakh for MSMEs, SHGs: RBI Committee

Limit for collateral free lending should be…

New Delhi, July 25 (KNN) A Committee constituted by Reserve Bank of India (RBI) has recommended revision of collateral free lending limit for Micro Small…

India at 52nd position in Global Innovation Index 2019

India at 52nd position in Global Innovation…

New Delhi, July 24 (KNN) The Union Minister for Commerce and Industry Piyush Goyal has launched Global Innovation Index (GII) 2019. It has ranked India…

No tax invoice required for goods brought back to India within 6 months post export promotion events

No tax invoice required for goods brought…

New Delhi, July 23 (KNN) Entities taking goods out of India on consignment basis for exhibitions or other export promotion events will not have to generate…

 Changes made in GSTR-3B return filing

Changes made in GSTR-3B return filing

New Delhi, July 22 (KNN) The Ministry of Finance has updated the GSTR-3B form as the taxpayers, while filing the return in FORM GSTR-3B for a given tax…

Banks drag govt to court over GST charge of Rs 18,000 crore

Banks drag govt to court over GST…

New Delhi, July 22 (KNN) Majority of banks have dragged the Government to the court for levying service tax and GST (goods and services tax) on services…

Delayed Payment Act should also be linked to CIBIL to ensure strict implementation : AITF writes to PM

Delayed Payment Act should also be linked…

New Delhi, July 19 (KNN) The banks are in big problem due to non-performing assets (NPA) crises of billions of rupees in India and due to such defaulters…

GST has five amendments that would make compliance easier for MSMEs, says Sitharaman as she moves Finance Bill in LS

GST has five amendments that would make…

New Delhi, July 18 (KNN) The Goods & Services Tax (GST) alone has as many as five different amendments that would also make compliance easier for the…