I wish to know the role of NSIC in providing service to MSMEs. As I have seen the only help it renders is to to issue a certificate that the concerned industry is a small scale one and based on this it can get exemption from Earnest money deposit (EMD) for participation in Govt tenders. This can be simply avoided by producing the SSI certificate. Further the practice of EMD for participation in tenders should be scrapped. Institutions like NSIC should be shut down saving the Govt huge amount of money. more
Mr. Rahul Kumar, My special regards to you. Though you are not from NSIC but you know about the NSIC portal and their services, this is appreciable. Anyhow, now you also have come to know their all the services of NSIC are useless and very few of entrepreneurs may be using it. I am registered with NSIC for last 10 years except EMD it is of no use. Even their Tender information service is also useless (charges for this service is apart from registration charges) and they don't care to inform if once tender subscription is expired. Private tender information service providers are 1000 times better than NSIC. Even about ZED (Zero Effect Zero Defect) we have bitter experience. more
Dear Mr Rahul Kumar, I have gone through NSIC's portal. They have listed 8 "services". Raw material assistance; Interest rate is higher than what banks offer. In addition there is a processing fee and associated red tapes. 2)B2B portal- Not very useful. It's a paid service. Better assistance is available. 3)Incubation centre. Don't know how many people use it. This is provided by many organisations free of charge ( MSR University provides free Space for more than one year with free access to library and lot of other help with no red tape. Certain corporates like Wipro ,TATA also provide this) 4) Single point registration- This is for waiver of EMD 5,6,7,8L Not much substance. I strongly feel this organisation should be wound up. more
Car is a fixed asset , it depreciates. If you sell a used car either you make profit or loss. Hence it should be subject LTCG/STCG tax only if you make profit. How is selling a used car misco...
The GST hair splitting over Popcorn is but a symbol of how theGovt has spectacularly failed in taming the bureaucracy. In 2014 when this Govt came to power they promised to make simpler laws. And t...
Govt consdiering: Recommendations to increase GST on Tobacco and Tobacco products to 35% from 28% Aerated Beverages GST also expected to rise to 35% Govt may consid...
GST office dont make any gate pass , no security checks . Is this to facilitate people to walk in with cash and gifts for officials. What happens if terrorist gets in .
Indian taxation is truly hell, the average Indian gets paid 20x less than average westerner but pays 10x more for essentials like laptops while 50x for cars. This is literally butchering the middle...
According to my husband, Corruption in GST starts from registration itself now. Getting told it's impossible to get it done in Delhi without a bribe. You get a query for more docs with t...
You can get a rate card for everything in gst office Registration 10k Assessment where no tax payable 15 k Refunds 4% This is what a friend is saying. LC Manager must esc...
Nephew had applied for GST cancellation a couple of months back but continues to receive notices from GSTN for failure to file monthly return. His accountant tells him that GST office will not proc...
7 years post the launch of GST I must tell you that most retail services businesses in India still evade it and Govt has failed to do anything. From ac repair fellow to caterers and from...
My cousin’s friend runs a local bakery in Goa. He accepts only CASH. No UPI/CC/Debit Card-- nothing! Logic: if he accepts anything in 'white', he will pay around...
By Sudesh Rai
/
Share
Sign Petition
Enter your email and mobile number and we will send you the instructions