The government has undertaken many effective steps to strengthen the MSME sector, which provides employment to crores of people, Finance Minister Piyush Goyal said Friday. Goyal said that soon, businesses with less than Rs 5 crore annual turnover comprising over 90 per cent of GST payers will be allowed to file quarterly return. Tune in as Anil Bhardwaj, Secretary General, Federation of Indian Micro Small & Medium Enterprises (FISME) shares his views on the Budget 2019. (Text: PTI).
The government has undertaken many effective steps to strengthen the MSME sector, which provides employment to crores of people, Finance Minister Piyush Goyal said Friday. Goyal said that soon, businesses with less than Rs 5 crore annual turnover comprising over 90 per cent of GST payers will be allowed to file quarterly return. Tune in as Anil Bhardwaj, Secretary General, Federation of Indian Micro Small & Medium Enterprises (FISME) shares his views on the Budget 2019. (Text: PTI)
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As a salaried taxpayer, you are eligible for various tax benefits that can bring down your taxable income. Here is a look at six such benefits.
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Indian SMEs face a credit gap to the tune of about Rs 16 lakh crore (about $240 billion). What is worse is the fact that a similar research by International Finance Corporation (IFC) in 2012 pegged the credit gap then at around $200 billion, which means the chasm has only increased. Watch now.
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The event, hosted under the aegis of ET Rise MSME Ranking, saw panelists discussing a broad spectrum of ideas on overcoming challenges crippling the growth of the sector. For more details visit here: https://economictimes.indiatimes.com/small-biz/topmsmes
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The government on Friday slashed the income tax rate for companies by almost 10 percentage points to 25.17 per cent and offered a lower rate to 17.01 per cent for new manufacturing firms to boost economic growth rate from a six-year low by incentivising investments to help create jobs. Finance Minister Nirmala Sitharaman said the reduction in tax rates has been done by promulgating an ordinance to an amendment to the Income Tax Act.
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