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ACMA welcomes new MSME definition and infusion of liquidity
The new package is expected to give a big boost to the MSME sector, which has been under severe stress.Read more
“Legal compliance is a big challengeâ€Â
With growth in power industry due to ambitious Government policies, Chandmal Goliya, Managing Director, Kusam Electrical Industries Ltd, sheds light on how SMEs are coping with the new policies and laws. Read more
Quarterly GST returns for businesses with Rs 5 cr turnover: Budget 2019-20
The Budget proposes to move to an electronic invoice system, to be rolled out from January 2020, wherein invoice details will be captured in a central system at the time of issuanceRead more
IRIS and Logo Infosoft’s Vyapari- a free and GST-compliant ERP software for MSMEs
Vyapari is validated through stringent evaluation criteria for quality and ease of use. Being simple and easy to use, Vyapari automates the complete accounting and compliance process of MSMEs from billing until GSTR filing.Read more
“GST has resulted in a significant increase in internal tradeâ€Â
Industry 4.0 is expected to transform manufacturing in India by bringing operational efficiencies to manufacturing industries like automotive, electrical and electronics, aerospace.Read more
The industry has advanced in hardware and software applications: Aniket Sawarkar
Introduction of GST has helped growth in the sector and initiatives like Make in India will also encourage the Indian manufacturing industry, says Aniket Sawarkar, Proprietor, Avcon Systems.Read more
“Implementation process of GST has left a lot to be desiredâ€Â
Birdman Chemeng has been manufacturing load and tension measuring devices, under the brand name of YOTA, since 1972.Read more
Warehousing sector creating new growth avenues
Policy initiatives such as introduction of GST and giving infrastructure status to logistics have created new avenues for the growth of warehousing equipment.Read more
YES Bank introduces an industry first GST backed OD facility for MSMEs through ‘YES GST’
YES Bank, India’s fourth largest private sector bank, announced the launch of ‘YES GST’, an OD (over draft) facility for Micro, Small and Medium Enterprises (MSMEs). Through this first-of-its-kind, industry first initiative, an MSME can avail OD up to Rs 10 million, based on their annual turnover, backed by GST returns.Read more
Vehicle scrappage new policy, unlikely to perk up demand significantly says CRISIL
The much-awaited vehicle scrappage policy has received a go-ahead from the Prime Minister’s Office and is awaiting approval from the Goods and Services Tax (GST) Council. As per the draft policy released by the Ministry of Road Transport and Highways (MORTH) on May 26, 2016, vehicles older than 15 years were eligible for benefits under the scrappage scheme.Read more