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Govt. proposes Increase in Customs Duty on Footwear and Furniture to Promote Domestic MSMEs

Keeping in view the need of the MSME sector, Customs duty is being raised on items like footwear (from 25% to 35% on footwear and from 15% to 20% on parts of footwear) and furniture (from 20% to 25%)....

Govt. proposes Increase in Customs Duty on Footwear and Furniture to Promote Domestic MSMEs
Taxscan Team

GST E-Invoicing mandatory for Businesses with Rs 100cr Turnover from April 1, 2020

From 1st April 2020, the E-invoicing will be mandatory for both these businesses categories. For businesses having turnover less than 100 Crore, it would remain voluntary and on trial basis from 1st...

GST E-Invoicing mandatory for Businesses with Rs 100cr Turnover from April 1, 2020
Taxscan Team

RBI releases draft circular on “Liquidity Risk Management Framework for Non-Banking Financial Companies and Core Investment Companies” for public comments

The Non-Banking Financial Companies (NBFCs) play an important role in the financial system of the country, particularly in delivering credit to the last mile, including the retail as well as MSME...

RBI releases draft circular on “Liquidity Risk Management Framework for Non-Banking Financial Companies and Core Investment Companies” for public comments
Taxscan Team

GST Council refers Certain important issues various Committees / GoM

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...

GST Council refers Certain important issues various Committees / GoM
Taxscan Team

Companies must furnish reasons for Delay in Payments to MSMEs [Read Notification]

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...

Companies must furnish reasons for Delay in Payments to MSMEs [Read Notification]
Taxscan Team

No Relief for MSMEs before 2019 Polls..?

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 next...

No Relief for MSMEs before 2019 Polls..?
Taxscan Team

GST Amendment Bills introduced in Lok Sabha

The Central Government, on Tuesday, introduced four Bills seeking to amend the present Goods and Services Tax (GST) laws before the Lok Sabha. Once implemented, the amendment will make return forms...

GST Amendment Bills introduced in Lok Sabha
Taxscan Team

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