1,000 MSMEs to be turned into ventures with ₹100 crore turnover each

1,000 MSMEs to be turned into ventures with ₹100 crore turnover each

The government aims to convert 1,000 Micro, Small and Medium Enterprises (MSMEs) into ventures having ₹100 crore turnover each, under the Mission 1000 project, Minister for Industries P. Rajeeve said here on Saturday. He was speaking after inaugurating an MSME Summit jointly organised by the Industries department and the Institute of Chartered Accountants of India. … Read more

E-way bill generation to be restricted if taxpayer with over Rs 5 cr turnover fails to file return

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E-way bill generation facility would be restricted in case taxpayers with turnover over Rs 5 crore fail to file their GSTR-3B returns, for a consecutive period of two months or more. The Goods and Services Tax Network (GSTN) has issued notices to taxpayers stating that it will implement this from 15 October, 2020. “Large non-compliant … Read more