compliance

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…

Read more

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…

Read more

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…

Read more

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…

Read more

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…

Read more

SBI-Led Committee on Co-Lending to Focus on Boosting MSME Credit

The Department of Financial Services (DFS) has formed a committee led by the State Bank of India (SBI), to address co-lending issues, boost MSME credit,…

Read more

SIDBI - D&B Sustainability Index

The SIDBI - D&B Sustainability Perception Index (SPeX), also known as the 'green pulse indicator' decreased by around 2% to 54 during the January…

Read more

Chhattisgarh Government Strengthens GST E-Way Bill Regulations to Combat Tax Evasion

The Raipur state government has announced a new mandate, effective immediately, requiring e-way bills for all intra-state goods movements valued over…

Read more