https://www.financialexpress.com/industry/sme/msme-fin-explained-what-is-priority-sector-lending-by-banks-and-how-it-benefits-msmes/3154004/ Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-explained-what-is-priority-sector-lending-by-banks-and-how-it-benefits-msmes/3154004/ Priority Sector Lending Benefits for MSME Sector: To secure credit under PSL, MSMEs are required to register on the government’s Udyam registration
Month: July 2023
MSME
https://www.financialexpress.com/industry/sme/msme-logi-india-post-enables-msmes-to-send-parcels-weighing-up-to-2-kg-to-canada-for-rs-400/3155634/ Clipped from: https://www.financialexpress.com/industry/sme/msme-logi-india-post-enables-msmes-to-send-parcels-weighing-up-to-2-kg-to-canada-for-rs-400/3155634/ Logistics for MSMEs: According to the instructions of the Department of Posts, packets weighing up to 2 kg can be exported under
Re-assessment u/s 147 of Income Tax Act After Expiry of Four years from End of Relevant Year of Assessment is Invalid: ITAT
Read More: https://www.taxscan.in/re-assessment-u-s-147-of-income-tax-act-after-expiry-of-four-years-from-end-of-relevant-year-of-assessment-is-invalid-itat/294547/ Clipped from: https://www.taxscan.in/re-assessment-u-s-147-of-income-tax-act-after-expiry-of-four-years-from-end-of-relevant-year-of-assessment-is-invalid-itat/294547/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Re-assessment%20u/s%20147%20of%20Income%20Tax%20Act%20After%20Expiry%20of%20Four%20years%20from%20End%20of%20Relevant%20Year%20of%20Assessment%20is%20Invalid:%20ITAT The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the reopening of assessment under section 147 of the Income Tax Act,1961
👍👍👍👍👍👍👍CBIC waives Filing of Form GSTR-9 and GSTR-9C for Annual Turnover up to 2 cr and 5 cr
Clipped from: https://www.taxscan.in/cbic-waives-filing-of-form-gstr-9-and-gstr-9c-for-annual-turnover-up-to-2cr-and-5cr/295309/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=CBIC%20waives%20Filing%20of%20Form%20GSTR-9%20and%20GSTR-9C%20for%20Annual%20Turnover%20up%20to%202%20cr%20and%205%20cr As a part of the 6th anniversary of the implementation of the Goods and Services Tax (GST), the Central Board of Indirect Taxes and
👍👍👍👍👍👍👍Service Tax Demand under RCM: Transaction-wise, not Invoice-wise
https://taxguru.in/service-tax/service-tax-demand-rcm-transaction-wise-invoice-wise.html Clipped from: https://taxguru.in/service-tax/service-tax-demand-rcm-transaction-wise-invoice-wise.html M.P. Audyogik Kendra Vikas Nigam (Indore) Ltd Vs Principal Commissioner of Central Goods & Service Tax and Central Excise (CESTAT Delhi) In
👍👍👍👍👍👍👍Capital Gains Exemptions [Section 10(37), 54, 54B, 54D]
https://taxguru.in/income-tax/capital-gains-exemptions-section-1037-54-54b-54d.html Clipped from: https://taxguru.in/income-tax/capital-gains-exemptions-section-1037-54-54b-54d.html Introduction: Since we receive greater income due to capital gains, we must pay more tax during that year. The income tax department
Rejection of Appeal by CIT(A) on ground of Delay in Filing Appeal by Assessee : ITAT Directs Re-adjudication
Clipped from: https://www.taxscan.in/rejection-of-appeal-by-cita-on-ground-of-delay-in-filing-appeal-by-assessee-itat-directs-re-adjudication/294114/ The Chennai bench of the Income Tax Appellate Tribunal (ITAT) directed the Commissioner of Income Tax (Appeals) to re-adjudicate the matter by condoning the delay
6 Years of GST and Still Unsolved Questions
Read More: https://www.taxscan.in/6-years-of-gst-and-still-unsolved-questions/294102/ Clipped from: https://www.taxscan.in/6-years-of-gst-and-still-unsolved-questions/294102/ – “Ek Bharat Sreshtha Bharat. GST stands for Good and Simple Tax. It is a path breaking legislation for New India.
5% GST applicable on Pre-Packaged & Labelled Rice up to 25 Kg for the purpose of Export: AAR
Clipped from: https://www.taxscan.in/5-gst-applicable-on-pre-packaged-labelled-rice-up-to-25-kg-for-the-purpose-of-export-aar-read-order/294007/ The Authority for Advance Ruling (AAR), Chhattisgarh bench has held that Goods and Services Tax (GST) at the rate of 5% is applicable on the
GST deserves due credit
GST deserves due credit: https://www.thehindubusinessline.com/opinion/gst-deserves-due-credit/article67028182.ece
Uttar Pradesh govt approves Rs 5 lakh Accident Insurance Scheme for micro-entrepreneurs
https://www.financialexpress.com/industry/sme/msme-fin-uttar-pradesh-govt-approves-rs-5-lakh-accident-insurance-scheme-for-micro-entrepreneurs/3148214/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/fe_app
What GST has meant for India
https://www.financialexpress.com/economy/what-gst-has-meant-for-india/3150971/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/fe_app
Ensure affordable credit access to MSME exporters to achieve $1T export target |Piyush Goyal to banks:–The Financial Express
https://www.financialexpress.com/industry/sme/msme-fin-piyush-goyal-to-banks-ensure-affordable-credit-access-to-msme-exporters-to-achieve-1t-export-target/3148455/ Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-piyush-goyal-to-banks-ensure-affordable-credit-access-to-msme-exporters-to-achieve-1t-export-target/3148455/ Credit and finance for MSMEs: This comes after ECGC’s announcement last week on expanding the 90 per cent insurance cover to exporters
Six years of GST: Steps that led to success, and the way forward
https://www.business-standard.com/opinion/columns/six-years-of-gst-steps-that-led-to-success-and-the-way-forward-123063001021_1.html https://www.business-standard.com/opinion/columns/six-years-of-gst-steps-that-led-to-success-and-the-way-forward-123063001021_1.html No longer a discretion of the tax administrator, the audit of returns filed by taxpayers is now based on a selection by algorithms
Excessive risk taking by banks needs to be checked – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/excessive-risk-taking-by-banks-needs-to-be-checked/article67028063.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/excessive-risk-taking-by-banks-needs-to-be-checked/article67028063.ece There are several red flags in certain categories. With credit offtake by industry slowing down, retail loans now account for one-third of
GST deserves due credit – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/gst-deserves-due-credit/article67028182.ece Clipped from: https://www.thehindubusinessline.com/opinion/gst-deserves-due-credit/article67028182.ece To leverage its benefits, businesses must be abreast of the restrictions and amendments to the Input Tax Credit scheme On July 1,
aniltikotekar4sme.com 