[vc_row][vc_column][vc_column_text]The Central Board of Excise and Customs (CBEC) has specified the conditions and safeguards for the registered person who intends to supply goods or services for export without payment of integrated tax, for furnishing a Letter of Undertaking in place of a Bond. CBEC said a status holder as specified in
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FSSAI operationalizes Regulations relating to Standards for Non-carbonated Water based Beverages
[vc_row][vc_column][vc_column_text]The Food Safety and Standards Authority of India (FSSAI) has operationalized the Food Safety and Standards (Food Products Standards and Food Additives) Amendment Regulations, 2017 relating to standards for Non-carbonated Water Based Beverages (Non-Alcoholic) with effect from July 6, 2017. The draft regulations regarding the same were notified in October
For MSME Classification, Purchase value of Plant & Machinery is to be reckoned, not the Book value: RBI
[vc_row][vc_column][vc_column_text]The Ministry of MSME has clarified that for the investment in plant and machinery for the purpose of classification of an enterprise as Micro, Small or Medium, the purchase value of the plant and machinery is to be reckoned and not the book value (purchase value minus depreciation), the apex
Labour Ministry seeks Cabinet’s Approval for new Labour Code on Wages
[vc_row][vc_column][vc_column_text]The new Code on Wages Bill proposed by the Centre should adopt a more benevolent and constructive attitude towards the MSME sector: PIA President R. Krishnamurthy One of the major and long pending demands of MSMEs, viz. labour reforms is now on the radar of the central government. Taking a major
CBEC’s “GST Rates Finder” mobile app available on ios platform along with Android
[vc_row][vc_column][vc_column_text]The CBEC's Mobile app “GST Rates Finder”, which is available on Android platform, will soon be available on ios platform as well. Here's how to install the GSt Mobile app: To install "GST Rate Finder", user of Android mobile has to first open Google Play Store and in the search option has
GST Revision on certain Items under consideration: MSME Ministry
[vc_row][vc_column][vc_column_text]A more flexible approach is needed from the Government to ensure smooth transition and gain acceptability among Industry: PIA President The Hon'ble Union Minister for Micro, Small and Medium Enterprises (MSME) Sri Kalraj Mishra has said that requests for revising the tax rate on certain items under the GST will be
HISTORIC ACHIEVEMENT PIA Signs MoU with SME Association of Czech Republic
[vc_row][vc_column][vc_column_text]A business delegation from FKCCI and Peenya Industries Association (PIA) headed to the Czech Republic for strengthening ties with the MSME fraternity there. Sri C. Prakash, Hon. Secretary, PIA was part of the Delegation. History was made on June 6 when PIA along with the FKCCI signed a Memorandum of
NEW LAUNCH @ PIA – PIA Industrial Technical Directory 2017 is a must-have for Entrepreneurs: PIA President
[vc_row][vc_column][vc_column_text]June 2 was a historic day for PIA when it launched the PIA Industrial Technical Directory 2017 before a large gathering of Entrepreneurs from Peenya Industrial Estate and surrounding areas. Sri Ashok Kheny, Hon'ble MLA, Bidar South and MD, Nandi Infrastructure Corridor Enterprises chaired the Release Ceremony as the Chief Guest. In
After e-Way Bills, Govt plans chip-based Tags for movement of goods
[vc_row][vc_column][vc_column_text]We have to wait and see how practical the plan would be in terms of the ground reality and only proper implementation will remove the scepticism among Dealers: R. Krishnamurthy, PIA President Under the newly implemented Goods and Services Tax (GST), the e-Way billing is introduced to enable better movement of
NSIC starts GST Helpline for MSMEs
[vc_row][vc_column][vc_column_text]Request NSIC to open more lines for better service quality: PIA President. To facilitate the transition of the Micro, Small and Medium Enterprises into the new tax regime, the National Small Industries Corporation (NSIC) has launched a GST Helpline number. The helpline number 1800111955 dedicated for MSMEs is receiving good response from