Business Updates

FSSAI Extends Deadline for Food License Registration

fssai

Due to the pandemic and the uncertain situation in the country, the food regulator has extended the deadline for the food license registration until December 31st this year. Gujrat Trader Federation (GTF) are representing the FSSAI extends the deadline for food license registration.  Before this, the CEO of Food Safety and Standards Authorities of India (FSSAI) … Read more

Key Benefits of MSME – CIBIL score, Loans without Collateral

MSME

Micro-Small & Medium Enterprises (MSMEs) provide largely in the socio-economic development of our country. Also, provide Key Benefits of MSME – CIBIL score Loans without Collateral. However, MSMEs comes under the Ministry of Micro, Small & Medium Enterprises and are expected to be registered to avail benefits under the Micro, Small and Medium Enterprises Development … Read more

MSME Threshold limit raised by the Government

MSME threshold limit raised

The Government has once again revised the MSME threshold limit. Recently, under the newly announced Atmanirbhar Bharat Special economic & comprehensive relief package of ₹20 lakh crores, the Government had revised the definition of MSMEs and had given a new threshold limit for MSMEs. Now, the Ministry of Micro, Small and Medium Enterprises has again … Read more

India ban on Chinese companies from highway projects

India ban chinese companies

In the series of diplomatic actions against China, now India will ban Chinese companies from taking part in the highway projects in India. Let us understand this update in detail.   Reason for India ban on Chinese companies in highway projects After the clash in the Galwan valley, the relationship between India and China has … Read more

Floating Rate Savings Bonds 2020 launched by Government!

Floating Rate Savings Bonds

The government has now launched a mega-saving scheme: The Floating Rate Savings Bonds 2020. As we all know, due to COVID-19 Crisis, the rate on Savings Account and FD is decreasing every day. If you want to save your money or invest it, India’s Government has launched a new scheme for you. This scheme is … Read more

Now get easy Enterprise registration with Aadhaar card!

Enterprise registration with Aadhaar card

Good News for MSMEs! The enterprise registration process in India is now simple, convenient, and faster. The new enterprise registration with Aadhar card will begin on July 1, 2020. Let us know all the critical information regarding Enterprise registration with the Aadhaar card.    How to get Enterprise registration with an Aadhaar card? Here are … Read more

Clarification issued on the Investment and Turnover for MSMEs Classification

msmes investment

The government had recently introduced a new definition for Micro, Small, and Medium Enterprises (MSMEs). This was based on investment as well as turnover. Government Introduces a New Definition of MSMEs   However, notification left MSMEs in dilemma on how to compute the investment and turnover figure. This is necessary to find out the correct … Read more

Government to Rise Import Duty on Solar Modules

rise Import Duty on solar modules

India’s government has now decided to rise Import Duty on Solar Modules. The government will impose 15-25% duty on solar gear imports from China. Importantly, this is to increase the nation’s independence of renewable energy sources and make it totally Atmanirbhar Bharat.   How much rise in Import Duty on solar modules? As per the … Read more

Get ready to pay for Ready-to-eat Popcorn 18% GST!

Popcorn 18% GST

Now, you will need to pay for ready-to-eat Popcorn 18% GST. The Gujarat Bench of the Authority of Advance Ruling (AAR) has stated that the rate of the GST on popcorn in India should now be raised to from 5% to 18%. Let us understand this new concept GST on popcorn in India.   Authority … Read more

RBI clarifies Google Pay not a Payment System Operator

google pay update

Recently, Reserve Bank of India clarifies in the Delhi High Court that Google pay is a third-party app provider. They are not operating any payment system. RBI said that Google pay is not in the list of authorized payment system operators in the list published by the National Payment Corporation of India (NPCI). Many people … Read more