Category: MSME

Notification of Revamped Companies (Auditor’s Report) Order, 2020

February 27, 2020 Chandan Tiwari No Comments

In pursuance of its objective of strengthening the corporate governance framework under the Companies Act, 2013 to attain the national objective of becoming a $ 5 Trillion economy, powers conferred under sub-section (11) of section 143 of the Companies Act, 2013 and in supersession of the Companies (Auditor’s Report) Order, 2016, the Central Government has…

Government Business, MCA, Media, MSME

MCA Secretary inaugurates SPICe+ web form

February 25, 2020 Chandan Tiwari No Comments

Shri Injeti Srinivas, Secretary, Ministry of Corporate Affairs(MCA), today inaugurated the ‘SPICe+’ Web Form here today. As part of Government of India’s Ease of Doing Business (EODB) initiatives, the Ministry of Corporate Affairs has notified a new Web Form christened ‘SPICe+’ (pronounced ‘SPICe Plus’) replacing the existing SPICe form. SPICe+ would offer 10 services by 3 Central Govt Ministries…

GST, MCA, Media, MSME

Ministry of MSME conducting a National Level Awareness Programme (NLAP) 2020 across the Country (17-28 February, 2020).

February 22, 2020 Chandan Tiwari No Comments

The Ministry of Micro, Small and Medium Enterprises has launched a National Level Awareness Programme (NLAP) 2020 from February 17, 2020 to February 28, 2020. The main objective of NLAP is to spread awareness about the schemes and activities undertaken by the Ministry and its attached organisations – Office of Development Commissioner (MSME), Khadi &…

MCA, Media, MSME, Startup

Central Board of Indirect Taxes and Customs starts capturing district-wise data or origin of export goods

February 18, 2020 Chandan Tiwari No Comments

Keeping with the Hon’ble PM’s objective of turning districts into export hubs, Central Board of Indirect Taxes and Customs has now started capturing district-wise data or origin of export goods. The idea was also recently echoed by the Hon’ble Finance Minister in her Budget speech. This additional information from the export declarations will provide a…

Government Business, GST, GST Advance Ruling Authority, GST Intelligence, GST On Trust, Marketing, Media, MSME, Startup

Regulation of irregularities in GST claims

February 12, 2020 Chandan Tiwari No Comments

To identify cases of fraudulent claims under Goods & Services Tax (GST), the Government of India has taken measures to apply stringent risk parameters-based checks driven by rigorous data analytics and Artificial Intelligence (AI) tools based on which certain taxpayers are taken up for further verification. Moreover, a standard operating procedure has been prescribed for…

GST, GST Advance Ruling Authority, GST Intelligence, GST On Trust, Marketing, Media, MSME

Reduction of cost of compliance for companies.

February 12, 2020 Chandan Tiwari No Comments

The Ministry of Corporate Affairs (MCA) administers Companies Act/ Limited Liability Partnership Act. The MCA has been taking steps on an ongoing basis by amending the Act and the rules and forms thereunder, from time to time in the years 2015, 2017 & 2019, to reduce the cost of compliance and for ease of doing business. This…

E-Assessment, MCA, Media, MSME, Startup

Loan Facility for Setting up of New Industry in MSME Sector

February 7, 2020 Chandan Tiwari No Comments

Union Minister for Micro, Small and Medium Enterprises and M/o RT&H, Shri Nitin Gadkari informed the Lok Sabha in a written reply today that 5,87,416 employment opportunities were created by giving margin money subsidy of Rs. 2070 crore to 73,427 projects during the year 2018-19. The Ministry of MSME implements credit linked subsidy scheme namely…

Budget 2020, Government Business, MCA, Media, MSME

Financial support to private banks and NBFCs

February 5, 2020 Chandan Tiwari No Comments

There is no proposal currently under consideration of the Government to capitalise private banks. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today. He further stated that capital infusion provision of Rs. 10,000 crore in India Infrastructure…

Budget 2020, E-Assessment, MCA, Media, MSME

CBDT issues clarification on the applicability of TDS provisions on Mutual Fund dividend

February 5, 2020 Chandan Tiwari No Comments

The Finance Bill, 2020 proposed to remove Dividend Distribution Tax (DDT) at the level of Company/ Mutual Fund and proposed to tax the same in the hands of share/unit holder. It was also proposed to levy TDS at the rate of 10% on the dividend/ income paid by the Company/Mutual Fund to its share/unit holder…

Budget 2020, E-Assessment, Government Business, MCA, Media, MSME

Rs 35,600 Crore outlay for nutrition-related Programmes for 2020-21

February 4, 2020 Chandan Tiwari No Comments

Highlighting the importance of nurturing a caring society, the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, unveiled several key proposals with focus on women and child, and on social welfare, in the Union Budget 2020-21 presented in Parliament today. Women and Child In her Budget speech in the Lok Sabha, the Finance…

Budget 2020, Government Business, Media, MSME