compliance

Extension of GMP Compliance Deadline for Pharma MSMEs to December 2025

In a significant move aimed at supporting the pharmaceutical Micro, Small, and Medium Enterprises (MSMEs) sector, the Government of India has announced…

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GST Rates Popped Up: Tax on Popcorn Increased

India’s latest GST overhaul has ignited widespread discussions, raising critical questions about its impact on businesses, consumers, and the broader…

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SMA Classification: A Burden on MSMEs, Says CEA V. Anantha Nageswaran

The Special Mention Account (SMA) classification, originally designed to assist MSMEs in recovering before their accounts transitioned into non-performing…

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Government Introduces 5% GST on Aircraft and Engine Parts to Boost MRO Industry

The government has introduced a uniform GST rate of 5% on all aircraft and aircraft engine parts, effective from July 15. This initiative, announced…

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Barriers to Growth for Indian MSMEs

Micro, small, and medium enterprises (MSMEs) in India face significant hurdles in scaling up due to expensive, time-consuming paperwork, and lack of…

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GST Council Makes Significant Reforms to Help Businesses

The 53rd GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, has unveiled a series of significant reforms aimed at simplifying the…

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Compliance Burden Hampers India's $220 Billion Chemical Industry

India's USD 220 billion chemical industry, a significant source of employment and export revenue, is being severely hindered by an overwhelming…

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Technology Crisis: Impeding Growth of Indian Manufacturing and MSMEs

India's manufacturing sector harbors significant potential to excel on the global stage. However, a formidable obstacle stands in its path – a…

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