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In the industrial belt of Coimbatore and Tiruppur, the DMK and BJP have something in common. The governments led by the two parties in Tamil Nadu and at the Centre have earned the ire of Micro, Small, and Medium Enterprises (MSMEs) for their policies that have hurt the sector badly in the past few years.
More than six years since the Goods and Services Tax (GST) was rolled out, the issue remains a bone of contention in several MSME clusters in different parts of the country.
The financial year 2023-24 is about to end, so all taxpayers who purchase goods or services from MSME registered MICRO and SMALL manufacturers and service providers are required to make payment within 45 days or if there is no agreement, then the payment is to be made within 15 days.
Exporters across sectors have sought exemption from a new rule that requires them to pay any pending bills to micro and small units within 45 days.
As model code of conduct is in operation, postponing the implementation of amendment in Income Tax Act related with deduction…
The Micro, Small, and Medium Enterprises (MSME) industry stands as the growth engine of the Indian economy, contributing significantly to…
The Finance Ministry is contemplating a deferment of the enforcement of Rule 43B (h) under the Income Tax Act, which…
MSME Minister Narayan Rane launched a special scheme for informal micro enterprises (IMEs), exempted from the Goods and Services Tax (GST) regime.…
A new law that mandates that any payment made to registered micro, small or medium (MSME) enterprises beyond 45 days…
Companies filing ITR in ITR-6 to include the following additional information on cursory review : This would usher more transparency…