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COVID-19: CBIC announces 'Special Refund and Drawback Disposal Drive' to provide immediate relief to MSME

In the wake of the outbreak of pandemic COVID-19, the Central Board Indirect Taxes and Customs (CBIC) on Thursday notified the “Special Refund and...

GST Refunds - CBIC - Taxpayers - Fake Messages - Income Tax Refunds - Taxscan

COVID-19: Income Tax, Customs, GST Refunds to be released immediately, says Finance Ministry

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

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

RBI releases draft circular on “Liquidity Risk Management Framework for Non-Banking Financial...

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...

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...

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...

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...

Finance Ministry constitutes a Steering Committee to study issues in Fintech Space

To focus on how Fintech can be leveraged to enhance financial inclusion of MSMEs. In pursuance to the announcement made by the Union Minister of Finance and Corporate Affairs, Arun Jaitley in his...

RBI grants Relief to MSME Borrowers registered under GST [Read Notification]

In a major relief to Micro, Small and Medium Enterprises (MSME) registered under Goods and Services Tax (GST) regime, the Reserve Bank of India (RBI) has notified that the exposure of banks and NBFCs...

CBEC releases FAQs on Micro, Small & Medium Enterprises [Read FAQs]

The Central Board of Excise and Customs (CBEC) today released a set of Frequently Asked Questions (FAQs) on Micro, Small & Medium Enterprises (MSME). It said that an agriculturalist to the extent...

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