Page 11 - SME

'Intermediate supplier can export through the ultimate exporter'

Para 4.30 (b) of HBP says that the intermediate supplier can also supply the product(s) directly to the port for export by the ultimate exporter (holder of Advance Authorisation).

In duty drawback, a readymade short-term gain for SMEs: CRISIL

Export growth has slowed in recent years due to waning cost-competitiveness compared with China, Vietnam and Bangladesh

'GST payable on composition fees and import licensing fees paid to JDGFT'

If the ownership of the goods is with the manufacturer, the beneficial owner will be treated as the merchant exporter

Co-working spaces can help MSMEs grow business

In this context, CRISIL believes co-working spaces are a flexible and cost-effective solution for MSMEs to have a full-time marketing or customer support/service team closer to their clients

MEIS benefits allowed for exports through courier, says expert

Para 3.06 (i) of FTP deals with exports of goods through courier or the foreign post office, using e-commerce

Small and medium enterprises ride piggyback on cellphone boom

SMEs accounted for nearly a third of the electronics sector revenue pie, with varied share in different segments

'MEIS benefit available for export realisation in rupee through Vostro a/c'

Imports under EPCG scheme with or without IGST payment has no bearing on export of goods on IGST payment under refund claim

CRISIL SME Tracker: A GST leg-up for micro enterprises

Among other things, it doubled the limit for exemption from Goods and Services Tax (GST) to Rs 40 lakh, from Rs 20 lakh

'Exempt supply' includes supplies on reverse charge basis to restrict ITC

'You may restrict input tax credit, as prescribed under Rule 42 of the CGST Rules, 2017'

Explained: GST Council's decisions and their impact on small business

CRISIL Research believes the impact of these decisions on the MSME sector would be low to moderate at best, considering that the GST is only a part of their woes

MSEs in car rentals fare better than tour and travel peers

Car rentals-focussed MSEs earned an average operating profit margin (OPM) of 20 per cent in the three years 2016 to 2018, compared with 14 per cent for those focussed on ticketing and hotel bookings

Security-service SMEs to grow at 18-20%, expects CRISIL Research

More than three-fourths of the SMEs in the industry are present in the manned guarding segment

'IGST paid on imported inputs is excluded in definition of duty drawback'

The customs duty and interest have to be deposited under different accounting heads

CRISIL SME Tracker: Lending boost can give service-sector MSEs a lift

This is in line with the trend seen in the recent edition of CriSidEx, where 60 per cent of lenders reported highest credit growth in the sub-~10 million exposure segment

Stamp duty on bills of exchange drawn on banks is not payable, says expert

In case of bills of exchange drawn on the importer, stamp duty is payable for usance period beyond 90 days

US-China spat may spell manna for SME leather exporters: CRISIL

The US, the UK, Germany, Spain, France and Italy account for more than half of overall leather exports from India

'No duty on imported inputs if export goods produced in bonded warehouse'

Section 16 (1) of the CGST Act, 2017 allows you to take credit of GST paid on any inputs used or intended to be used in the course or furtherance of business, subject to prescribed conditions

CRISIL SME tracker: TReDS will materially change MSME credit access

Bank credit to micro and small enterprises (MSEs), especially in manufacturing, has shown no signs of growth in the past two fiscal years, and actually declined for medium enterprises

'Drawee must agree to bill of exchange by signing on face of instrument'

You can pay duty 'under protest' by giving a protest letter and taking acknowledgement

Early Diwali for MSME sector: Modi unveils a dozen measures ahead of polls

Modi said MSMEs can now register their complaints related to delay in payment from large firms on the MSME Ministry's Samadhan portal