The Ministry of Micro, Small and Medium Enterprises ( MSME s ) have notified that the companies should furnish the reasons for the delay in payments to the Micro, Small and Medium Enterprises in cases
In Coimbatore and Tirupur, crucial manufacturing zones in South India, the policies of both state and central governments have drawn sharp criticism from Micro, Small, and Medium Enterprises ( MSMEs ). These enterprises, vital to
The Ministry of Micro, Small & Medium Enterprises on Wednesday said that from July 1, 2020, Micro, Small & Medium Enterprises (MSMEs) across the country will be classified on the basis of the new criteria
Micro, Small, and Medium Enterprises (hereinafter referred to as ‘MSME’) are a blue-eyed boy for the government nowadays. In the recent budget session of 2023 also, the government has brought many important reforms for a
The Institute of Company Secretaries of India (ICSI) on Saturday notified all the important decisions taken by ICSI Council at its meeting held on June 29, 2020, and July 13, 2020. The council in the
The Reserve Bank of India (RBI) has issued a significant directive concerning transparency and fairness in loan agreements. Point No. 8 in RBI/2024-25/18 dated April 15, 2024, addresses the requirement for explicit consent regarding additional
Amidst mounting concerns and industry pushback, the Finance Ministry is considering pushing back the implementation of the 45-Day Micro, Small, and Medium enterprises (MSMEs) Payment Rule from April 2024 to 2025. This decision comes in
While presenting the General Budget 2016-17 in Lok Sabha here today, the Union Finance Minister Shri Arun Jaitley said that the taxation is a major tool available to Government for removing poverty and inequality and
The Reserve Bank of India ( RBI ) has imposed a collective monetary penalty of Rs. 1.7 crores on Bank of India and Bandhan Bank Limited for breaching regulatory guidelines. Bank of India faced a
The Ministry of Corporate Affairs (MCA) set the minimum default threshold at Rs.10 lakh for Micro, Small, and Medium Enterprises (MSME) pre-pack insolvency resolution. Explaining the benefits of the pre-packaged resolution process through a series
The Kerala Textile and Garments Dealers Welfare Association ( KTGDA ) has requested micro and small enterprises ( MSEs ) in the textile industry to change their MSME category from "manufacturing" to "trading" with immediate
Due to shortfall in the GST revenue, the Government is likely to drop the move to grant relief to the micro, small and medium enterprises ( MSME s), reports said. It was reported that till
The Central Board of Direct Taxes ( CBDT ) has issued a corrigendum to include Section 43B(h) disallowance under Clause 22 of Form 3CD. Previously, Notification No. 27/2024 mandated including disclosure of disallowances under Section
Businesses require capital infusion from time to time, based on the economic and global factors you may want to enter the new segment or revamp your present infrastructure. Capital is the first thing you need
The GST Council in its 31st meeting held today at New Delhi decided to refer the following issues to Committees / GoM indicated against them: Extending the Composition scheme to small service providers. The rate of
