The Bangladesh Bank (BB) has relaxed one per cent cash incentive provision for apparel and textile export.
NEW DELHI: The government is looking at linking the refund of goods and services tax (GST) to "risky and new" exporters with remittance of foreign exchange apart from accessing bank transaction details as part of an exercise to plug revenue leakage.
New Delhi: In a rare confrontation with the government, industry body Federation of Indian Export Organisations (FIEO) said on Monday that the e-wallet scheme aimed at easing liquidity problem in the wake of GST roll-out in 2017 has not been operationalised yet, while terming it unfortunate.
The discussions focussed on a road ahead for e-invoicing, new return system and feedback, e-way bill linking with Fastag, pendency of refunds, linkage of Aadhaar to GST registration, enforcement module use without overreach and QR codes.
A turnover-based classification will allow MSMEs to investment more in tech. This will help improve their competitiveness.
The Federation of Indian Micro and Small & Medium Enterprises (FISME) has asked the finance minister that the recovery of the money owed to the micro, small and medium enterprises (MSMEs) by corporate debtors should be brought in the ambit of corporate insolvency resolution process (CIRP) costs.