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Next-gen GST reforms: Single registration, easier input tax credit among key MSME demands

The 57th GST Council meeting, now slated for October 8, 2026 (Thursday), is likely to consider several proposals aimed at easing the compliance burden for small businesses in the country.

The Economic Times · 14h ago

UPI MDR: 0.4% charge raises questions over MSME margins, cash flows and digital credit

Industry representatives say merchant size, margins, and the nature of goods should determine the merchant discount rate (MDR), while fintechs flag risks to working capital and digital credit trails.

The Economic Times · Oct 5

CBAM can help India build a greener, competitive export sector

The EU's Carbon Border Adjustment Mechanism is set to reshape global trade dynamics by prioritizing carbon intensity. Indian exporters must strategize for compliance that extends beyond the current focus on iron and steel. The Indian government is actively supporting small and medium enterprises in achieving these new sustainability benchmarks. To…

The Economic Times · Oct 2

8 changes in income tax audit forms for AY 2026-2027; what taxpayers need to know

For the assessment year 2026-2027, the deadline for income tax audits is set for September 30, 2026. Businesses utilizing presumptive taxation schemes should be aware that they may still need to undergo income tax audits, depending on their turnover. Significant updates to Form 3CD's reporting requirements have been implemented for…

The Economic Times · Sep 19

From local strength to global supply chains: The challenges before Tamil Nadu MSMEs

Despite the benefits of a cluster-based industrial ecosystem, MSMEs in Tamil Nadu continue to face challenges such as limited awareness of government schemes, cumbersome processes, and a higher dependence on exports, which hold them back from realising their full growth potential.

The Economic Times · Sep 16

Centralised interoperable digital layer can help bridge Rs 60 lakh crore MSME credit gap: Report

India's MSME sector faces a significant formal credit gap, with existing channels meeting limited debt demand. A new digital layer can connect businesses, banks, and payment providers to bridge this gap. This system will digitise the order-to-cash process and automate invoice reconciliation across the nation. It enables cash-flow-based underwriting and…

The Economic Times · Sep 11

MoS Shobha Karandlaje opens Bengaluru MSME technology centre to train 10,000 annually

In Bengaluru, a new Technology Centre has been launched with the goal of training 10,000 individuals each year. This facility is dedicated to enhancing electronics system design and manufacturing skills for micro, small, and medium enterprises (MSMEs). With comprehensive training and production assistance, this centre aims to significantly uplift the…

The Economic Times · Sep 10

BJP govt restored investor confidence in UP; no room for mafia: Yogi Adityanath

Uttar Pradesh has seen a significant shift towards lawfulness since 2017, prioritizing safety and stability. Committed to fostering an integrated textile value chain, the state has attracted Rs 50 lakh crore in investment over nearly a decade. This progress has resulted in job opportunities for over 65 lakh youth, bolstered…

The Economic Times · Sep 8

From MSMEs to traditional industries, Rajasthan’s enterprises seek stronger ecosystem to scale

Stakeholders say the state must strengthen the institutional ecosystem that supports industry.

The Economic Times · Sep 8

Auto component suppliers sit on Rs 98,000 cr inventory, says report

Indian auto component firms hold significant inventory, potentially releasing billions through better management. Many MSMEs need to invest more in future growth capabilities. Existing plant capacity is underutilized due to operational inefficiencies. Unlocking cash and improving business economics will drive future supplier growth. This will enable continuous investment in capabilities…

The Economic Times · Sep 5