The Indian rupee appreciated by 17 paise to 71.67 against the US dollar in early trade on Friday as gains in domestic equity market and resumption of US-China trade talks in October strengthened investor sentiments.
The government will soon take a call on the recommendations of UK Sinha committee to strengthen the Micro, Small and Medium Enterprises (MSMEs) sector, said Union Minister Nitin Gadkari on Thursday.
Nagpur: The Directorate General of GST Intelligence (DGSTI), which recently made a number of arrests in cases of fake invoices, has also found that the prime objective of the persons arrested was not to evade tax but to fudge balance sheets and secure higher loans.
A goods and services tax (GST) levy on services is being applied on workers enrolling for the government's skill development programme, discouraging them and industries alike, said experts on Thursday.
Uttar Pradesh government will set up a Rs 200 crore venture capital fund to promote micro, small and medium enterprises (MSMEs) startups, especially pertaining to traditional industries in the state.
The upcoming Goods and Services Tax (GST) Council meeting on September 20 is likely to approve the mechanism to allow a single authority — state or Central — to sanction and process GST refunds for exporters in a faster and simpler manner. Refunds of around Rs 10,000 crore have piled up.