GST and Taxation for MSMEs: With the festive season just around the corner, a significant part of India’s SME and startup community is finding it tough
Day: September 25, 2019
Edelweiss: Cut in GST rates a definite positive for hotel sector – The Financial Express–
The GST Council in its recent meeting cut GST rates for the hotel sector across the board. The biggest cut came in the luxury category
Rs 1,000 crore fraud: Fake GST invoice racket unearthed in Kandla – The Financial Express–
The modus operandi involved over-valuation to the extent of 3,000% of the market value of goods exported to the SEZ (zero rated supply) and fraudulently
Govt funding for MSMEs: Nitin Gadkari promises 10% contribution for raising equity in capital market – The Financial Express–
Credit and Finance for MSMEs: In the latest move to boost MSME sector in India, the Central govt is mulling contributing 10% of funds to the
Don’t kill e-commerce | Business Standard Editorials
E-commerce companies will come under intense regulatory watch as they head out for the biggest annual shopping carnival starting next week. The Competition Commission of India
Big bang steps | Business Standard Column–
The finance minister surprised almost everyone on Friday with her announcements on corporate taxation. The government has taken the decisive step of reducing tax rates
***IBBI seeks to penalise ‘flippant’ bidders to prevent fraud at bankrupt companies – The Economic Times–
The Insolvency and Bankruptcy Board of India (IBBI) is seeking to penalise ‘flippant’ bidders and managers of stressed assets to help quicken the recovery of banking funds
Insolvency and Bankruptcy Board of India: CoCs must share all info on NPA accounts with bidders: IBBI – The Economic Times–
The Committee of Creditors (CoC) of a non-performing asset (NPA or bad loan) account must provide all relevant information and share its vision for the company under resolution with the
***IBBI: Special court summons Liberty House chief, 3 others in IBBI case–Economic Times–
A special court has summoned Liberty House chief Sanjeev Gupta and three other senior executives to face a criminal charge pressed against them by the
***Operational creditors benefit equally from IBC: IBBI – The Economic Times
The Insolvency and bankruptcy Board of India (IBBI) Saturday said both operational and financial creditors have benefitted alike from resolutions under the IBC. IBBI chairman M S Sahoo
***Haircuts for operational creditors are at par with financial creditors: Icra – The Economic Times
Operational creditors account for nearly half of the bankruptcy cases admitted at the NCLTs and the haircuts in resolutions taken by them are at par with the same
Flipkart: No slump, growth’s the talk of the town: Kalyan Krishnamurthy – The Economic Times
Consumption is growing in markets beyond the bigger cities and Flipkart has not witnessed any perceptible sign of a slowdown before the crucial festive season sales, Kalyan Krishnamurthy,
***Reviewing 59-minute loan scheme to boost efficiency: Nitin Gadkari – The Economic Times–
The government is reviewing the 59-minute loan scheme launched last year for the benefit of micro, small and medium enterprises (MSMEs) to make it more effective, minister
View: Cutting corporate tax to accelerate growth could be the first step to structural change – The Economic Times
Bravo, Nirmala Sitharaman. After becoming finance minister and presenting a second-rate Budget, you have seemed a timid tinkerer, making dozens of marginal changes to try and
As NPA resolution crawls, banks stare at spike in credit cost – The Economic Times
With slower pace of resolution of bad loans, banks are staring at a spike in their credit cost, which is set to rise in the range of
aniltikotekar4sme.com 