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I-T clause to ensure MSMEs are paid on time causing loss of business: Report

Some businesses had requested the finance ministry to defer implementation of the provision by a full financial year while others have requested that the 45-day time limit be extended. The ministry has asked stakeholders to suggest ways to resolve the issues arising from the I-T Act and to recommend possible alternate mechanisms for timely clearance of MSME bills.

Nirmala sitharamanConfederation of all india tradersSupreme courtMinistry in parliamentIncome tax actIndian expressIt actFinance actUnion ministryAll india tradersFinance minister nirmala sitharamanUdyam assist platformBudget 2023 24Msme paymentsLarge companiesEgistered msmes

I-T clause to ensure MSMEs are paid on time creates hurdle

I-T clause to ensure MSMEs are paid on time creates hurdle
indianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indianexpress.com Daily Mail and Mail on Sunday newspapers.

Tamil naduSanjoli maheshwariAnil bhardwajFederation of indianMinistry in parliamentAssociation of indian entrepreneursPuducherry chartered accountant associationSmall medium enterprisesInterim budgetIt actNational chairmanPuducherry chartered accountantSecretary generalIndian microIndian expressUdyam assist platform

Govt allows extra borrowing ceiling of over Rs 60,000 crore to states for NPS

. States are eligible to borrow Rs 1.43 lakh crore on the recommendation of the power ministry in FY24.

Himachal pradeshDevelopment authorityPension fund regulatoryMinistry in parliamentFifteenth finance commissionGross state domestic productFifteenth financeOld pension schemeFinance ministryNational pension systemNational pension schemesFiscal burdenDepartment of expenditureFinance ministryOrmal net borrowingHat is cumulative defined benefit scheme

GST evasion of Rs 1 51 lakh- crore detected till October; 71 notices to online gaming companies

The government has amended the GST law, making it mandatory for overseas online gaming companies to register in India from October 1.

Rajya sabhaSushil kumarPankaj chaudharyNirmala sitharamanServices taxMinistry in parliamentFinance ministryFinance minister nirmala sitharamanFinance pankajKumar modiGoods and services taxGst evasionOnline gaming companiesOtice toe gaming companiesNdian express news

Share Market Highlights 25 July 2023: Nifty and Sensex trade flat; Hindalco, UltraTech Cement top gainers

Share Market Highlights 25 July 2023: Nifty and Sensex trade flat; Hindalco, UltraTech Cement top gainers
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