compliance

India's MSME Sector Set for Transformation as Revised Definition Takes Effect

India’s Micro, Small, and Medium Enterprises (MSMEs) sector is set to undergo a transformative shift with the implementation of the revised definition…

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Tough Quality Norms Hit MSMEs, Threaten Supply Chains

India’s small manufacturing sector is bracing for a significant challenge as new Quality Control Orders (QCOs) for fasteners, including nuts and bolts,…

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New MSME & GST Rules to Ensure Timely Payments and Better Cash Flow

Small businesses play a vital role in economic growth and employment generation. Recent amendments to the MSME Act, along with updates to the GST return…

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India’s Unincorporated Sector Expands: ASUSE 2023-24 Highlights Growth in Enterprises, Employment, and Women Entrepreneurship

India’s unincorporated sector has witnessed substantial growth, according to the Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2023-24,…

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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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