Aranca’s Post

Paras Savla was quoted in The Economic Times “Despite these provisions, MSMEs continue to face delays in receiving their dues. To address this issue, amendments were made to the I-T Act, offering protection to MSME enterprises for the timely recovery of dues. But this amendment can be a double-edged sword for registered MSME enterprises. On one hand, they may lose the ability to claim expenditures if payments are not made promptly, and on the other hand, they may struggle to receive payments if the counterparty, whether an MSME or not, fails to make timely payments. This new provision could present a challenge for corporates and auditors in identifying MSME enterprises and determining appropriate disallowances,” said Paras Savla, partner at KPB & Associates, Chartered Accountants Story by Sugata Ghosh https://lnkd.in/drndrSfw #indianeconomy #incometax #incometaxindia #msme #msmeindia #corporate

you can buy SGB from secondary market..... see how

This video will help you understand which SGB to buy from the secondary market & where to buy it from. Kirtan A Shah, Vishal Gada, Jaishank Gupta, Zaheer A Sayed ACCA, CA Pranit Jain, CMA (USA), Yukti Gala, CFP, Jeetendar Peswani,CFA, Syed Jafri, ICA, Anu Agrawal & Suresh Varma #gold #sgb #cfp #cfa #fpaedutech #kirtanshah #kirtanshahcfp #kirtanshahfpa #invest #investing101 #investingforbeginners #investment #investments #FPAEdutech #FPA

Catch Nilesh Dhedhi, Managing Director & CEO, Avendus Finance, in the webinar series ‘Unveiling Private Credit: Navigating for Optimal Returns’ hosted by Indian Venture and Alternate Capital Association (IVCA). Alongside the other panelists, Nilesh will be seen sharing his views on future opportunities in the high yield credit space. To register, please write to [email protected]. #Credit #PrivateCredit #Investments #Alternates

In a recent statement, financial institutions have affirmed their commitment to supporting viable MSMEs facing financial stress. Emphasizing the importance of sustaining small businesses, they assured that credit will be extended to those with strong potential for recovery and growth. This move aims to bolster the MSME sector, ensuring it continues to thrive despite economic challenges. LINKEDIN #gstupdates #gstcompliance #gstreturns #gstnews #gstindia #gst #gstmitra #capraveensharma #incometaxindia #incometaxreturn #incometax #einvoicing #einvoice #ewaybill #corporate #training #traininganddevelopment #trainings #eventmanagement #event #MSME #FinancialSupport #BusinessGrowth #EconomicRecovery

IBBI Study Recovery Rates Drop from 49.2% to 36% as Insolvency Resolutions Drag On. The Times Of India https://shorturl.at/vnqD4 #Insolvency #IBBI #ResolutionTime #CreditorRights #RecoveryRates #InsolvencyLaw #DebtResolution #FinancialHealth #NPAs #SarfaesiAct #RepossessedProperties #BankAuction #BankSeHectaPe

To support MSMEs in surviving and thriving, the government, RBI, and banks must collaborate on a robust framework for revival and rehabilitation. This includes streamlining access to credit, offering targeted financial support, and providing restructuring options for struggling enterprises. The focus should be on creating a sustainable environment where MSMEs can recover from financial distress, adapt to market changes, and continue to contribute significantly to the economy. Enhanced coordination and proactive measures will be key to ensuring the long-term resilience and growth of the MSME sector. LINKEDIN #gstupdates #gstcompliance #gstreturns #gstnews #gstindia #gst #gstmitra #capraveensharma #incometaxindia #incometaxreturn #incometax #einvoicing #einvoice #ewaybill #corporate #training #traininganddevelopment #trainings #eventmanagement #event #MSME #Economy #Revival

Since the inception of the Insolvency and Bankruptcy Code (IBC), an impressive 7,058 cases have been initiated up to September 2023. This robust framework has facilitated the recovery 808 cases with a substantial recovery amount of ₹3.16 Trillion. The IBC continues to play a crucial role in revitalizing businesses and bolstering our economy. #IBBI #IBC #NCLAT #CIRP

Quick Update: NCLAT holds that sale consideration payable towards the purchase of assets does not qualify as ‘financial debt’ since it does not involve the disbursement of money for time value. Read more at: https://lnkd.in/dyQuM386 Contributed by Aastha . (Partner) and Ghanshyam J Patel (Associate). #NCLAT #InsolvencyLaw #BankruptcyCode #CorporateInsolvency #ArgusPartners

🚨 Important Update for Large Corporates & CPSEs! 🚨 The Ministry of MSME mandates: - All companies under Companies Act, 2013, with turnover > ₹250 Cr. - All Central Public Sector Enterprises (CPSEs). Action Required: - Onboard onto Trade Receivables Discounting System (TReDS) platforms by 31st March 2025. 💡 This step aims to improve liquidity and streamline payments within the MSME sector, empowering growth and supporting a stronger business ecosystem. For those yet to transition, it’s vital to act soon and embrace this move towards greater financial inclusivity and transparency in trade. #MSME #TReDS #BusinessCompliance #Liquidity #IndiaBusiness #FinancialGrowth #MSMEDAct