Industry body Ficci Thursday urged the Finance Ministry to have a re-look at Goods and Service Tax (GST) regime for consulting and service sector.
The government has decided to continue to consolidate gains of the MSME Outreach Campaign by do an in-depth analysis of the progress made and issues in availability of credit, still being faced by the sector, said an official release on Thursday.
MSMEs are the growth engine fuelling the Indian economy. As per an industry survey, it was estimated that MSME firms created up to 14.9 million new jobs per annum over the past four years.
Rate rationalisation has been the centre of attraction for most of the GST Council meetings. While in the GST council meeting held on June 21, 2019, there was again some pragmatic rate tweaking this time, the GST council had a clear vision of curbing inflation.
Nagpur: As Goods and Services Tax (GST) regime completes two years on July 1, the Directorate of GST Intelligence (DGGSTI) — the investigation arm — has notched up 50 raids in Nagpur zone over the six months of its operations.
The mission of Khadi & Village Industries Commission (KVIC) has been to promote Khadi as a global fabric as well as help it generate employment all across the country.