Budget 2021 Expectations: MSMEs seek lower GST on professional services to benefit from each other

January 6, 2021 chandrakant_sir

By: Sandeep Soni Union Budget 2021 Expectations for MSMEs: The Central Board of Indirect Taxes and Customs had recently notified that enterprises with over Rs 50 lakh in monthly turnover will be levied at least 1 per cent of their GST liability in cash as it looked to address the issue of fake invoicing. Services …

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Rs 3 lakh crore ECLGS: Over half of targeted number of MSMEs benefitted; 35% amount disbursed so far

August 25, 2020 chandrakant_sir

Credit and Finance for MSMEs: 12 public sector banks, 24 private sector banks, and 31 non-banking financial companies have collectively disbursed 35.3 per cent of the Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) as of August 24, 2020, according to the government data. Lenders have disbursed Rs 1,05,926 crore as of August …

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