Page 20 - SME
CRISIL SME Tracker: Diversification drives growth for auto component MSMEs
Industry has seen a slowdown in revenue growth over the past 4 financial years due to lacklustre demand from automobile manufacturers
 "CRISIL SME Tracker: Diversification drives growth for auto component MSMEs")
 "Amend MSMED Act to ensure faster payments to MSEs")
 "Growth of MSMEs in IT/ITeS constrained by lack of funds")
 "'Re-export of imported goods to same supplier not needed for drawback'")
Automation spurs growth for manufacturing MSMEs
In 2014-15, entities with automated operations had an employee cost of only nine per cent of the total manufacturing cost
 "Automation spurs growth for manufacturing MSMEs")
B2B e-commerce platforms reduce inventory costs by 40% for SMEs
The platforms are also offering multiple choices to SMEs to source raw material from across India and the globe
 "B2B e-commerce platforms reduce inventory costs by 40% for SMEs")
 "For MSMEs, legal constitution can lead to customer stability, faster growth")
 "MSMEs can gain from ploughing back profits")
 "Enterprise-level IT spawns many efficiencies")
'Unused imported raw material may be sold by EOUs in DTA'
SME Chatroom | TNC Rajagopalan
 "For MSEs, the promoter is the bank to bank on")
'Service tax is payable by provider of online database access services'
A website where some foreign companies place their advertisements is covered under Rule 9(b) of the Place of Provision of Services Rules, 2012
 "Among MSMEs, services sector outpaces manufacturing")
'Old interest rates apply for failure to pay service tax in Dec 2015'
New notification changes interest prospectively and will not apply to omission to pay service tax before May 14, 2016
Product and process quality are key to increase in reach, exports
CRISIL's analysis of over 3,500 MSMEs from these sectors shows that over a quarter of them are quality-oriented
 "Product and process quality are key to increase in reach, exports")