Textiles and garment imports, as percentage of such exports, surged from just about 13% in FY14 to a record 25% in the first eight months of this fiscal.
MUMBAI : Loan defaults are rising at India’s vast small enterprises sector at a time large corporate debtors are beginning to put their house in order, data from credit information bureau TransUnion Cibil showed.
New Delhi: India Inc is set to face first ever tax audit under the goods and services tax (GST) regime. The GST authorities have begun issuing notices for the tax audit exercise, which involves detailed scrutiny of the accounts and records for FY18.
Union Budget 2020 India | Ease of Doing Business for MSMEs: Lack of affordable industrial space has led micro, small and medium enterprises (MSMEs) to seek help from the government in this year’s budget by providing subsidized access to land.
Prime Minister Narendra Modi on Thursday met with in around 40 economists, industry heads, experts, bankers and entrepreneurs in New Delhi and invited their suggestions, according to official sources.
Central GST authorities have started summoning businesses with a set of 12 key documents pertaining to FY17-18, the GST roll-out year, for closer scrutiny suggesting an aggressive approach against suspected tax evasion.