Page 16 - SME

'No duty on imported inputs if export goods produced in bonded warehouse'

Section 16 (1) of the CGST Act, 2017 allows you to take credit of GST paid on any inputs used or intended to be used in the course or furtherance of business, subject to prescribed conditions

CRISIL SME tracker: TReDS will materially change MSME credit access

Bank credit to micro and small enterprises (MSEs), especially in manufacturing, has shown no signs of growth in the past two fiscal years, and actually declined for medium enterprises

'Drawee must agree to bill of exchange by signing on face of instrument'

You can pay duty 'under protest' by giving a protest letter and taking acknowledgement

Early Diwali for MSME sector: Modi unveils a dozen measures ahead of polls

Modi said MSMEs can now register their complaints related to delay in payment from large firms on the MSME Ministry's Samadhan portal

Refractories, sponge iron, re-roller SMEs to piggyback steel demand: CRISIL

Momentum in the infrastructure sector is expected to take this number up even further in the near-term, benefiting SMEs

'Input tax credit refund available for zero rated export of exempted items'

Rule 89 of the CGST Rules, 2017 allows either the recipient or supplier of such supplies to claim refund of tax paid thereon

Small realtors caught in pincers as raw material cost rises: CRISIL

CRISIL SME Ratings has assessed over 1,100 realtors

No time limit prescribed in law for amendment of shipping bill: Expert

The only condition is that the document on the basis of which amendment is sought should be available at the time of export

Expert corner: Re-import of exported goods does not attract duty, IGST

An important condition is that the re-imported goods must be identified as the same as exported

CRISIL SME tracker: For manufacturing MSEs, it makes sense to create brands

This is because creation of brands helps MSEs build differentiation for their products and earn customer loyalty, thereby ensuring they command better prices and greater market penetration

'In FOB contract, seller must bear the charges for loading cargo on vessel'

Stevedoring is the process of loading or discharging/offloading of cargo to/from a ship

Crisil SME tracker: Flood-hit Kerala MSEs stare at working capital hiccups

As per the National Sample Survey, 2016, Kerala had 2.379 million MSEs, employing 4.464 million people

Capital goods imported under EPCG scheme can be shifted to another unit

The RA may allow one time extension of the said period for producing the certificate by a maximum period of 12 months with a composition fee of Rs 5,000

CRISIL SME Tracker: For MSEs, men's apparel is where the money is

CRISIL-rated MSEs in men's apparel had an average operating profit margin of 9.8 per cent - a good 200 bps more compared with those in kids' and women's apparel

'On intermediary services, service provider must discharge GST liability'

The supply of the intermediary service is in the taxable territory

Food-processing SMEs key to job creation in large agrarian states

Agrarian states have a higher percentage of working age population, a chunk of it based in rural areas

'MEIS available on shipping bill or actual realisation, whichever is lower'

Para 3.04 of the FTP says that the reward would be claimed on the realised FOB value of exports in free foreign exchange or on FOB value of exports as given in the shipping Bills, whichever is less

CRISIL SME Tracker: Ayushman Bharat a shot in the arm for MSE hospitals

CRISIL expects micro and small enterprises (MSEs) in the space to play an important role in implementing AB-NHPS

E-way bill has to be generated prior to commencement of transport of goods

In the case of shut out shipment, the RBI instructs that certain procedures given in Para B.10 of FED Master Direction no. 16/2015-16 should be followed.

CRISIL SME Tracker: With RERA, only disciplined builders stand a chance

Builders have become cautious and are taking up a handful projects for execution at any given point of time