The Finance Ministry has said that ‘e-invoicing’ will be mandatory for businesses having turnover of Rs 100 crore or more from April 1.
The electronic-invoice (e-invoice) under the Goods and Services Tax (GST) regime that starts from January next year will help banks in expeditious disbursal of loans to micro, small and medium enterprises (MSMEs) as creditworthiness of such enterprises can be instantly authenticated, two officials in the finance ministry said requesting anonymity.
Mumbai: The Indian rupee opened on a weak note and fell 11 paise to 71.73 against the US dollar in early trade on Friday, as investors traded the cautious path ahead of the release of GDP data.
New Delhi, Nov 28 (KNN) Union Minister of Micro, Small and Medium Enterprises (MSME) on Thursday informed Lok Sabha that there are 8,643 MSME vendors in India under domestic defence production.
New Delhi, Nov 28 () Exporters are seeking amendments in the Market Access Initiative (MAI) scheme with a view to promote shipments from the country, an official said.
Modernisation in India’s largest man-made fabric (MMF) sector in Surat will be affected as the textiles ministry has reduced the central fund allocation under the Amended Technology Upgradation Fund (ATUFS) scheme from ₹2,300 crore in 2018-19 to ₹700 crore in 2019-20, according to the list of proposed budget allocation in the textile sector issued by the ministry.