Page 8 - SME

SME Chatroom: Duty drawback permitted on FOB value without bank charges

Agency commission and foreign bank charges, separately or jointly, exceeding this limit should be deducted from the FOB value for granting duty drawback, the CBIC says

Gems and jewellery units to miss the sparkle again: Crisil SME Tracker

The first quarter bore the impact of lockdowns imposed by states to contain the second wave of infections

SME Chatroom: Destruction of goods warrants reversal of input tax credit

Submit copies of correspondence with the buyer to the bank explaining the reasons for the inward remittance

SME CHATROOM: Third-party payment allowed for imports subject to conditions

Notification No. 66/2017 exempts all suppliers of goods who have not opted for composition scheme, from payment of GST on advances received

Covid impact: 100 units close down at Chennai's Ambattur Industrial Estate

Dwindling orders, job cuts hit South Asia's largest SME cluster

Manufacturing trouble: Covid robs Moradabad's Brass City of its polish

SMEs struggling, recovery slow; rise in key raw material cost hurting exporters

Second wave of the Covid-19 pandemic throws auto SMEs out of gear

Hope rests on exports and festive season accelerating recovery

Textile trading comes to a standstill in Surat amid second Covid-19 wave

The second wave of the pandemic has hit the medium- and small-scale sector like a tsunami. The first of a five-part series looks at the crisis

Centre includes retail and wholesale under MSMEs, to benefit 25 mn traders

MSME Minister Nitin Gadkari said the decision would make such traders eligible for finance under priority sectors classified by the Reserve Bank of India (RBI)

Individuals need not obtain IEC to import for personal use: Expert

The Customs can refuse permission under Section 46(5) if the interests of revenue are adversely affected.

Infrastructure push will prop up EPC road contractors: CRISIL SME Tracker

As things stand, SMEs account for 35-45 per cent of the roads and highways sector overall

SME will be fastest-growing segment over next 3-5 years: HDFC Bank CEO

On the client side, the bank is largely comfortable as 85 per cent of retail customers work with companies rated and above , where job losses have been low

SME Chatroom: 'No GST on expenses incurred as pure agent'

You need not include the costs and expenses you incur as a 'pure agent' in the value of taxable supplies, provided you fulfil the conditions stated in Rule 33

Domestic electronics sector set to grow 12-17% in FY22: CRISIL SME Tracker

As the economy recovers, so should discretionary spending, which again will be salutary.

SME Chatroom: Import of Covid-19 vaccine will attract Integrated GST

The notification no.28/2021-Cus dated April 24, 2021 does not exempt IGST leviable on medical goods

Units in chemicals sector set for rebound in revenue: CRISIL SME Tracker

Growth mainly on account of recovery in domestic demand and higher realisation due to a rise in the prices of chemicals

'FTP benefits are available against settlement of claims by ECGC'

Expert answers readers' SME queries related to excise, VAT and exim policy

Stage set for Indian small biz to build global brands: Amazon's Broussard

As work from home became the new normal due to the Covid-19 pandemic, Broussard said thousands of our e-commerce sellers from India played a key role in serving customers globally during this period.

Amazon leads $10-million investment in MSME fintech startup M1xchange

The round also saw participation from BEENEXT and Mayfield

IBBI upholds resolution professionals' independence under pre-pack schemes

In regulations issued on the Ordinance on pre-pack resolution, the IBBI said an insolvency professional can be appointed as resolution professional if they are independent of the corporate debtor.