Barely 10% of small businesses are in a GST-ready position, say experts As lawmakers are in the process of clearing the decks for the rollout of the goods and services tax by July 1, small and medium enterprises (SMEs) appear to be the weakest link in corporate India’s efforts to be GST-compliant by the cut-off date. Of the estimated 8 million registered businesses under the VAT regime, around 90 per cent are SMEs. The GST applies to businesses with a turnover of Rs 20 lakh or more. The ... Rediff.com, 1 day ago
People dealing with small companies have made a pitch for changes in the goods and services tax legislation to avoid cash-flow problems for this sector even as the GST Council takes up crucial bills at a two-day meeting.The meeting will try to iron out the irritants so that the bills can be tabled in the Budget session of Parliament after the recess and assemblies. However, tax experts say the proposed provisions are fair. Bharat Goenka, managing director of Tally Solutions, says the ...Rediff.com, 3 weeks ago
More than 100 Indian CEOs along with some senior government leaders will be in the ski resort town of Davos next week for the WEF Annual Meeting, where the world leaders will discuss ways to revive economic growth and strengthen global collaboration. Over the ...Deccan Herald, 2 months ago
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