15 Apr Indian Government Considers Extending Support Program for Exporters
The Ministry of Commerce in India is looking to recommend a five-year renewal of a program that helps exporters....
Economic Development Tag
12 Apr E-Invoicing Under GST
E-invoicing within the GST framework refers to the electronic authentication of invoices as outlined by GST regulations....
02 Apr Madras High Court Invalidates GST Assessment Over ITC Disparity
In a significant ruling, the Madras High Court addressed the validity of a GST assessment order in the case of Sri Lakshmi Silvers versus The State Tax Officer, Gugai Circle, Salem....
29 Mar CBIC Declares March 29-31, 2024 as Working Days for All Customs Field Formations
The Central Board of Indirect Taxes and Customs (CBIC) has announced that March 29th, 30th, and 31st, 2024 will be considered as working days for all Customs field formations....
18 Mar Insolvency and Bankruptcy Code, 2016
Introduced in the Lok Sabha on December 21, 2015, the Insolvency and Bankruptcy Code, 2015 underwent scrutiny by the Joint Committee. The Committee presented its recommendations, leading to the passage of the modified Insolvency and Bankruptcy Code, 2016 by both Houses of Parliament in May...
18 Mar CBIC exempts SWS on EV imports for Indian electric car manufacturing promotion
The CBIC has recently made amendments to its Notification No. 11/2018-Customs, dated February 02, 2018, through Notification No. 20/2024-Customs dated March 15, 2024....
16 Mar India’s E-Vehicle Policy Aims to Boost EV Manufacturing and Technology Adoption
The Indian government has given its nod to a strategic initiative aimed at positioning India as a premier manufacturing hub for electric vehicles (EVs), leveraging cutting-edge technology within the nation's borders....
14 Mar Proposed Amendments to MSME Development Act to Facilitate Prompt Payments to Small Businesses
The government is considering revisions to the MSME Development Act, 2006, to ensure timely payments to micro, small, and medium enterprises (MSMEs)....
07 Mar Timely Payment Rule for MSMEs to Begin from April 1: Finance Ministry Officials
Starting from the fiscal year 2025, the government will introduce a regulation mandating that payments to micro, small, and medium enterprises (MSMEs) must be settled within a 45-day period. Failure to comply will result in companies facing taxation on the outstanding amount, as revealed by...