News Archives | E-Startup India

Startups Funding is now Angel Tax Free – Budget 2024

July 26, 2024 by Yash Khurmi

Venture investors and startup leaders are celebrating a huge reform as announced in the Union Budget 2024-25. This is because startups funding is now angel tax free. Let’s understand about this important update through this article. What is an Angel Tax? Angel Tax is applicable to businesses for any amount received by a privately held … Read more

Union Budget 2024 Highlights & Announcements

July 25, 2024July 24, 2024 by Radha Dhaked

The Finance Minister announced the Final Budget on July 23, 2024. This year’s budget focuses on jobs, skills development, MSME, and the middle class. Let’s read about all the Union Budget 2024 Highlights & Announcements. Direct Tax Limit Increased for Salaried Personals A good news from the budget as the standard deduction for salaried individuals … Read more

Online Complaint System for MSME delayed payments

July 22, 2024 by Radha Dhaked

An important update for MSMEs and big businesses in India. As per the latest update, Companies delaying payments to MSEs by more than 45 days will now have to provide additional information in a revised MSME Form 1 along with a new complaint system launching soon along with Online Complaint System under planning. Consequences of … Read more

18% GST on Dosa, Idli, Khaman Mixes; Not Sattu

June 14, 2024June 13, 2024 by Yash Khurmi

The General Anti-Avoidance Rules Authority (GAAR) has issued an update that indicates a possible reclassification of instant mixes such as dhokla, idli and dosa. Therefore, this will increase their GST rate to 18%. This decision takes these items out of the low tax basket “sattu”. The impact on the producers and consumers is significant. Manufacturers’ … Read more

BIS Certification Mandatory for Trading Imported Goods

May 27, 2024May 27, 2024 by Radha Dhaked

In a significant regulatory update, the import of used, repaired, refurbished, and reconditioned electronic products intended for the Indian market must now get BIS Certification. Furthermore, welcomed by the industry, aligns with the government’s recent efforts to curb the influx and sale of substandard products within the country. Let us understand the latest news of … Read more

Could Your Favorite Spices Be Banned? FSSAI’s Shocking New Testing Rule

May 9, 2024May 9, 2024 by Radha Dhaked

Following a recent international investigation into possible contamination in spices, the Food Safety and Standards Authority of India (FSSAI) has announced a nationwide inspection of all spice mix companies. Let us understand the new testing rule and keep you informed about food safety in India. Hong Kong Food Authority’s Warning on Indian Spice Products A … Read more

How to apply for Startup Mahakumbh

March 13, 2024March 12, 2024 by Yash Khurmi

Apply for Startup Mahakumbh – a massive event to happen soon in the Nation’s capital. The one of a kind Startup Event is happening March 18-20, 2024 in New Delhi at the Bharat Mandapam and Pragati Maidan. This event is beneficial especially for those who are new in business or starting a new business. Let’s get all the crucial details related to Startup Mahakumbh in this article.

How to apply for Jagriti Yatra Startup Train?

March 11, 2024March 4, 2024 by Radha Dhaked

The Jagriti Yatra spans a 15-day journey via train, covering a distance of 8000 kilometres across India, aimed at fostering understanding and fostering the development of small towns and villages through entrepreneurial initiatives. Organised by the non-profit charitable organisation Jagriti Sewa Sansthan, headquartered in Mumbai, this initiative is rooted in Deoria, Uttar Pradesh, with a … Read more

How to Check a GST Notice: Real or Fake?

March 7, 2024February 19, 2024 by Yash Khurmi

Last week, the Central Board of Indirect Taxes and Customs warned everyone about fake GST summonses trying to trick people across the country. They said we should be careful and double-check if any messages we get from GST officials are real. It’s a reminder to stay alert and not fall for scams when dealing with … Read more

45-Days MSME Payment Rule for Income Tax Deduction

February 13, 2024 by Yash Khurmi

A new rule has been put in place to help small and medium-sized businesses in India get paid on time. From April 1, 2024, the government will allow buyers to claim income tax deductions for expenses only when they pay their suppliers, specifically the MSEs. This rule is a big deal for businesses in India, … Read more