Tax reform draws Indian SMEs into digital economy


Pushed to modernise: The reforms will force small enterprises to digitise their businesses. — AFP

INDIA’S biggest tax reform in history is set to make its small-to-medium businesses more transparent.

On July 1, as India rolls out its landmark national sales tax, businesses that make less than 100 million rupees – which the government refers to as micro, small and medium enterprises – will all have to digitise.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , digital payment , digital economy , SME

   

Next In News

Anwar returns Khazanah allowance, reiterates decision to forgo PM salary
Fahmi visits ex-media practitioners, presents Kasih@Hawana aid
Perlis MB's son, four others released on MACC bail
Analysis-Trump election subversion case bogs down as allies' legal woes grow
Zahid, Muhyiddin settle defamation suit
Elderly man drowns while fishing in Putatan
Teen with bone cancer gets wish of visiting KLCC granted by PETRONAS
Missile launched from Yemen's Houthi area, no injuries reported, CENTCOM says
Turkish court convicts Syrian woman over Istanbul bombing, media says
Analysis-Arrest of Russian defence minister's deputy may be strike by rival 'clan'

Others Also Read