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The Delhi High Court has directed the Central Board of Indirect Taxes and Customs (CBIC) and the Commissioner of Customs to consider providing preferential treatment to start-ups and micro, small, and medium enterprises (MSMEs) facing delays in customs procedures, especially for low-value consignments.
The new GST regime previewed by Prime Minister Narendra Modi in his Independence Day address would be consumer-centric, with particular emphasis on the poor, the MSMEs, the middle class and the farmers, senior government sources said on Sunday (August 17, 2025).
The number of MSMEs with GST registration is set to rise after the CBIC asked its officials to relax scrutiny for such businesses, according to two people aware of the development. MSMEs contribute around 30% of India’s GDP.
Private starts-ups and other MSMEs are receiving notices to pay 18 per cent taxes under the CGST Act on funding received from the Ministry of Defence for research and development (R&D). Government officials say this amounts to “taxing innovation” as it disincentivises Prime Minister Narendra Modi’s focus on ‘aatmanirbharta’ in the military sector.
The Engineering Export Promotion Council (EEPC), India on Sunday proposed the introduction of a faceless GST audit system to boost ease of doing business in the country.
Taxing capital less may not lead to more investments but taxing more will drive capital away, Chief Economic Advisor V Anantha Nageswaran on Friday said during a discussion on Inequality, Economic Growth and Inclusion. While it is easy to drive capital out, bringing it back is a lot harder, said Nageswaran.
New amendments provide level-playing field for growth of exports through courier mode and seeks to enhance the competitiveness for MSME exporters
As Prime Minister Narendra Modi is set to form the government for the third time, industries in the state are anticipating policies aimed at fostering economic growth, sustainability, and innovation besides providing positive reforms in the Micro, Small and Medium Enterprises (MSMEs).
Small and medium enterprises, including businesses operating online, on Thursday underlined the difficulties they have been facing with registering online to pay the Goods and Services Tax (GST).
Micro and Small Enterprises (MSEs) received a setback on Monday as the Supreme Court declined to hear their plea against the new Income Tax provision. However, the apex court granted the MSEs leave to pursue their case in the High Court.