Small Businesses
Latest news, explainers and analysis on Small Businesses. Tracking 3 stories on Arth Vani.
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Latest on Small Businesses
BreakingGST Reforms From Nov 1: Easier E-commerce Registration, Faster Refunds For Small Sellers
Starting November 1, the government will implement new GST reforms aimed at simplifying registration for small e-commerce sellers and expediting their refund processes. These measures include allowing warehouses as primary business places and introducing automated refunds, significantly reducing compliance burdens.
New LaunchIndia Announces ₹10,000 Crore SME Growth Fund; Specifics Awaited
India has unveiled plans for a significant ₹10,000 crore SME Growth Fund dedicated to supporting small businesses across the nation. While the fund aims to boost the crucial SME sector, detailed information regarding eligibility criteria, application processes, and operational specifics has not yet been publicly released.
UPI Interchange Fee: Small Businesses May Reconsider PPI-Based Payments
From April 1, 2023, a 1.1% interchange fee is applied to UPI payments made via Prepaid Payment Instruments (PPIs) like wallets for transactions exceeding ₹2,000. This development, which has prompted questions about its impact, could lead small businesses to re-evaluate their acceptance of such digital payments due to added costs.
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