In the 21st century, where the world is driven by technology, digitalization plays a very crucial role in running a business in order to maximize the profit and make a mark in the growing business industry. Last September in...
The transport sector stands to benefit from the recently rolled out GST in several ways. Pre- GST, the complex tax structure and paper work forced the transport industry to spend a lot of resources on tax compliance and deposit...
Small and medium sized enterprises (SMEs) form the backbone of the world’s economy. Research says the about 95 % of the enterprises contributing to the World’s Economy are SMEs. A survey by the World Bank, which was taken in...
Micro, small and medium enterprises (MSME) serve as the backbone of the small scale industries in our country. Their importance is very well established by the fact that they have a separate ministry and increasing budgetary allocation with every...
Introduction
The small and medium enterprises (SMEs) are the backbone to transform India into a developed nation. They are the defibrillators for talent, innovation. Creativity and entrepreneurial spirit which is essential for a nation like India to develop on the...
The Small & Medium Enterprises (SME) sector of India is the prime driver of the country’s economy – employing around 40% of India’s total workforce and producing 45% of the total output. Though this sector influences the country’s GDP...
Doubts have been raised regarding the applicability of the Margin Scheme under GST for dealers in second hand goods in general and for dealers in old and used empty bottles in particular.
Rule 32(5) of the Central Goods and Services...
Status of Bihar -
About 95% of the industries in Bihar fall under the Micro Small and Medium Enterprises(MSMEs) category, of which, according to a recent RBI report, only 5% were exposed to banks.
Difficulty in obtaining capital, inadequate and unreliable...
On 1st July 2017, one of the biggest tax reforms in the country came into action. Though there was a lot of hype about the same, the common people failed to get the zest of the topic. Most of...
As defined by the Indian Union, SMEs stand for Small and Medium-sized enterprises employing less than 250 people and having an annual turnover not exceeding 50 million Indians. Despite them representing over 99% of the businesses in the Indian...
