Page 17 - SME

CRISIL SME Tracker: Working capital woes continue to hobble leather MSEs

Delays in Goods and Services Tax refunds aggravated the problem, resulting in estimated working capital days of 125 days in the last fiscal

Input tax credit not admissible for Krishi Kalyan Cess carried forward

Accumulated credit of KKC that appeared in the Service Tax return of June 30, 2017 will not be admissible input tax credit

Supplier to merchant exporter can claim refund of unutilised credit

The notification 3/2018-Central Tax dated January 3, 2018 is available in the CBEC website

CRISIL SME trackrer: Trailing B-schools have their task cut out

All this limits other B-schools from imparting quality education and achieving desired outcomes (lucrative placements), leading to low seat occupancy

If recipient fails to pay supplier in 180 days, he loses ITC and interest

However, interest is a loss that you cannot get back

If recipient fails to pay supplier in 180 days, he loses ITC and interest

So, you lose the credit if you don't pay within 180 days but can take the credit if you pay later

CRISIL SME Tracker: Small-city tag no drag for budget hotels

The average room rate (ARR) for the hotels analysed was Rs 2,500 per night for standard rooms, with marginal variance depending on the city

Claim settled by ECGC can be considered for incentives under FTP

A claim settled by ECGC can be considered for eligibility of incentives under FTP and drawback but not for service tax refund

CGST Act disallows input tax credit for nine entries, but exceptions exist

According to the CBEC, the benefits expected from the e-way bill mechanism are physical interface, faster movement of goods and improved turnaround time of trucks

CRISIL SME Tracker: For EPC players, affordable housing is a natural fit

This affords huge scope for developers - meeting the government's target of construction of 12 million units by 2022 requires construction of about three million units per year in urban areas

'Value of goods cleared from SEZ to DTA must follow Customs laws'

Exported goods can be re-imported and you can make payment against the re-import

TReDS coverage must be expanded beyond top-rated corporate buyers: Crisil

Now the MSMED Act, 2006 mandates that payments must be paid to MSEs within 45 days

Exporters claiming higher drawback must submit self-declaration

For all exports made with effect from July 1, 2017 for which higher rate of drawback is claimed, exporters have to submit the self-declaration in the format given in CBEC Circular no.32/2017-Cus dated

CRISIL SME TRACKER: Budget 2018's focus on MSMEs to spur job creation

The MSME sector employs over 111 million people and contributes nearly 31 per cent of India's GDP

For cancelling GST registration, pay ITC or output tax, whichever is more

In accordance with Section 17(5) (h) of the CGST Act, 2017, input tax credit shall not be available in respect of goods destroyed

Budget 2018: Corporate tax cut for MSMEs to create jobs

Experts say partnership firms and LLPs stand to lose

'Merchant exporters procuring goods at 0.1% GST must export under LUT'

A Bombay HC Bench held that well-established foreign brands with a base in India and providing services out of India aren't eligible for SFIS benefit

'Several issues require the urgent attention of DGFT'

There is no provision to take ITC of CVD and SAD in the current GST laws

CRISIL SME Tracker: MSMEs offer working capital opportunity for lenders

CRISIL's interactions with MSMEs show working capital worries building because of limited avenues to raise finance at reasonable rates

SME Chatroom: Several issues require the attention of DGFT

Supplies to advance authorisation holder are treated as deemed exports under the GST laws