India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
The Union Budget for the financial year 2024-25 may bring some relief on the minimum threshold, input tax credit and revision in GST rates on insurance products to make it easier to do business. However, Finance Minister Nirmala Sitharaman may avoid any major tinkering in the GST rates as she is going to present an interim budget in an election year.
The small and medium business owners expect some relief in the minimum threshold for Goods and Services Tax (GST) registration in this year’s Budget, which could prove to be a booster for small-scale suppliers.
Reduced compliance costs would help such suppliers to do business easily. GST registration is mandatory for units with a turnover of more than Rs 40 lakh (for goods and Rs 20 lakh for some special category states) and Rs 20 lakh for services.
An increase in the limit to Rs 50 lakh would be a breather for such small units while the industry is also hoping for some clarity on GST registration necessity for export-focused businesses in the Union Budget to be presented on February 1.
Also Read : CCI gives greenlight to Minda Corp's acquisition of up to 8.79% stake in Pricol ACC bags Lamatola coking mine on 3rd day of auction
NMDC iron ore production rose 89% YoY in May 2025.Total production was ...
Business 03-Jun-2025
Indian Steel Prices Slide as Monsoon and Chinese Market Weigh on Demand Indian steel prices have so...
Business 26-Jun-2025
Non-ferrous metals traded generally neutral last week, although most were set for weekly gains on ex...
Non-Ferrous 27-Jan-2024
The finance ministry has said that the government has halved the amount of equity infusion in state-...
Press Releases 26-Jan-2024
The indigenous train collision avoidance system, Kavach, has been implemented by Indian Railways on...
Logistics 23-Feb-2024
Prime Minister Narendra Modi inaugurated and laid the foundation for development projects worth over...
Construction 20-Mar-2024