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Any seller of any goods whose turnover in the preceding financial year exceeds Rs 10 crore is liable to collect TCS at 0.1% of the sale value (0.075% for Oct 2020 to Mar 2021 period) from the buyer if the buyer purchase goods for the value exceeding Rs 50 lakhs.Read more
Corporate tax for new domestic manufacturing firms has been reduced to 15 per cent. Decision to expand the scope of CSR spending expected to promote PPP in R&D and help India move up the innovation ladder.Read more
Decision to expand the scope of CSR spending expected to promote PPP in R&D and help India move up the innovation ladderRead more
To further incentivise e-mobility, budget 2019-20 has exempted customs duty on certain auto components (parts) of electric vehiclesRead more
The Government should introduce a long-term solution in the 2019 Budget that can save the credit-starved MSMEs from their dire state.Read more
By adopting Moglix’s vendor portal solution, the auto components maker has improved communication between users and suppliers, thus increasing productivity.Read more
With a view to allay the trade finance woes of micro, small and medium enterprises (MSMEs), the Union Government has planned to more than double the credit guarantee up to Rs 500 billion for 2018-19 under the Credit Guarantee Fund Trust For Micro and Small Enterprises (CGTMSE) schemeRead more
Iris Global Services is aiming to capture Rs 20 million business this financial year providing customised tablets for taxis running in Delhi NCR and Mumbai. Iris Global Services is the technology integration arm of Iris Computers, getting full advantage of being back with its very original team comprising founder Sanjiv Krishen, Kamini Talwar and Som Arya, having had steer cleared all obligations with banks and creditors while acquiring it from Inflexion Point.Read more
According to the National Sample Survey’s (NSS) 73rd round, there were around 634 trillion unincorporated non-agriculture MSMEs (micro, small and medium enterprises) in India in 2015-16 providing employment to 111 million workers. Taking into account the significance of MSMEs sector to the country’s economic development, Finance Minister Arun Jaitley announced a list of measures to help MSMEs and job creation in the budget 2018-19.Read more
Presently, banks and NBFCs in India generally classify a loan account as Non-Performing Asset (NPA) based on 90 day and 120 day delinquency norms, respectively. Read more
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
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