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GST Made Simpler For Small Entrepreneurs In India

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GST Made Simpler For Small Entrepreneurs In India,Startup Stories,Small Entrepreneurs In India,GST Council Meet,GST Rollout,Finance Minister Arun Jaitley,Changes To GST for Small Entrepreneurs,Prime Minister Narendra Modi About GST Rates

Three months after the rollout of the  Goods and Services Tax (GST,) the Government announced the GST taxation policies will be revamped to make the process a less painful exercise. The renewed indirect tax regime will help ease the concerns of traders, exporters and small businesses in India.

At the 22nd meeting, the council consisting of all the finance ministers of all the states, announced a slew of new measures to reduce the burden and stress the implementation of the GST has brought to exporters and small businesses. In accordance with the new measures, businesses with an annual turnover of up to Rs. 1.5 crores would be allowed to file quarterly income returns instead of the current provision of monthly filings. This switch over to quarterly filings from monthly fillings will kick off from October 1. However, all the businesses will have to file monthly returns for the July – September period.

The limit for the composition scheme was also been increased to Rs. 1 crore from Rs. 75 lakhs to help the trade and industry sector adjust to the GST compliance. Under the composition scheme, businesses trading in goods have to file 1% tax, while manufacturers and suppliers of food or drinks file a 2% and a 5% tax respectively.

According to Prime Minister Narendra Modi, the changes in the taxation system are in line with the government’s constant endeavor to safeguard the citizens’ interests and ensure a growth in the Indian economy. Speaking about the changes, Finance Minister Arun Jaitley said, “ After almost three months since GST rollout, it is time to deliberate on its effect on various trades and the transition.” PM Modi had indicated earlier this week that the Government was ready to push for relief measures to reduce the problems faced by small businesses and other sections of the economy.

Apart from the new relief measures for small businesses entrepreneurs, the Council also decided to cut the GST rates on 27 other items including the food industry, textile industry and exporters of goods and services. In the meanwhile, services like imitation, zari and printing items will be taxed at 5% instead of the 12%, while service providers with revenue of less than Rs. 20 lakhs have been exempted from the list.

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PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

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PhonePe

PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

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Piyush Anchliya Joins Cashfree as CFO Amid Fintech Boom

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Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

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Flipkart - StartupStories

Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

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