REVERSE CHARGE MECHANISM (RCM) RCM refers to payment of taxes by recipient of goods or services rather than supplier of goods or services. The list of goods and services which are alway...
Attached is the circular issued today. Highlights in the context of Startups: Startups can now raise up to 100% of funds from foreign venture capital investor (FVCI)
Yes true so you automatically tend to buy from vendors who have GST registered - you generally tend to help small people become gst registered - The smallest of people when effected(when they becom...
SMEs your life is going to get difficult under GST. You will be liable to pay GST on all transactions with unregistered vendors. So cost will go up as I assume you have several of these unregistere...
This issue was taken up by the circle in the past but has seen no action from startup india. Indian startups rely on amazon google microsoft and facebook for services like hosting email ...
Mcdonalds has just pulled the plug on North and East India by terminating contract withe their local partner? This means lost of jobs lost, supplier dues all in jeopardy. Sho...
I read the post of Rohit. I think there is a bigger issue that govt should help address. That is of large companies outsourcing bribery practices to smes so they dont have to get hands dirty. ...
Most of the Government contracts with state governments or psus have the clause for liquidated damages or price reduction. The govt officers majorly abuse this clause and take heavy brib...
Last year when startup india was announced, Govt said that PSUs and Ministries will mandatory procure 20% of their needs from SMEs and Startups. I dont this this is happening? This group...
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