Tag: Indian GST News

Demonetisation Affected MSME Credit Growth

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A Reserve Bank of India (RBI) study said that demonetisation negatively affected the credit growth of the Micro Small and Medium Enterprises (MSME) sector. The implementation of the Goods and Services Tax (GST) did not greatly affect the overall credit to MSMEs. The RBI conducted the study to assess the credit

GST Council forms GoM to Address MSME Issues

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As per Finance Minister Piyush Goyal’s statement after the 29th GST Council Meet, the GST Council, under the aegis of the Ministry of Finance, has constituted a Group of Minister (GoM) for Micro Small and Medium Industries. Minister of State (MoS) Finance, Government of India, Shiv Pratap Shukla is the convener

MSME Sector gets some relief as Lok Sabha Passes GST Bills

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The Micro, Small and Medium Enterprises (MSME) sector could see some light at the end of the tunnel, as the Lok Sabha passed the amendment bills to the Goods and Services Tax (GST). Finance Minister Piyush Goyal presented these bills in the Lok Sabha after the GST Council received various

Government Puts Forth 4 GST Amendment Bills to Help MSMEs

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The Government of India has moved to rework the Goods and Services Tax (GST) laws. It has introduced four bills in the Lok Sabha to amend GST laws to make the returns form hassle-free, and set the threshold for getting the composition scheme to INR 1.5 crore. Finance Minister Piyush Goyal

FICCI Welcomes GST Council Initiative To Address MSME Issues

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The Federation of Indian Chambers of Commerce & Industry (FICCI) has welcomed the Goods and Service Tax (GST) Council’s initiative to discuss the issues that Micro Small and Medium Enterprises (MSMEs) face. FICCI President Rashesh Shah said that the group of ministers headed by the Minister of State for Finance