Government e Marketplace (GeM) – ₹5.4 Trillion Opportunity for MSMEs, Startups & Regulated Entities in FY25 Executive Summary / Key Highlights of Government e Marketplace (GeM) Record GMV in FY25: Government e Marketplace (GeM) achieved ₹5.4 trillion in gross merchandise value, a 35% growth over FY24. Inclusive Access: Over 1.5 lakh women-led enterprises onboarded along with startups, MSEs, SHGs, artisans & persons with disabilities. Nationwide Procurement Channel: GeM connects sellers with Central & State governments, […]

Indian Standards Notification Amendment 2025: BIS Updates Effective from March 2025 Estabizz Fintech showcases the latest updates from the Bureau of Indian Standards (BIS), issued on March 20, 2025. This comprehensive guide will help manufacturers, importers, retailers, and testing labs comply with the newly amended Indian Standards. Let’s dive into the key points, process, and necessary actions to stay compliant. Overview of Indian Standards Notification Amendment 2025 The Bureau of Indian Standards (BIS), under the […]

Drugs License Approval: A Mandate for Good Manufacturing Practices by DCGI Commitment to Quality: Ensuring Pharmaceutical Excellence In an epoch-making move, the Drugs Controller General of India (DCGI) firmly positions itself in the advancement of drug safety. Aligning with a surge in the Indian pharmaceutical sector, currently boasting a $65 billion valuation, the key stipulation for licenses is enforcement. With a prominent spotlight on Good Manufacturing Practices (GMP), the DCGI underscores the critical nature of […]

Central Excise Evolution: Anticipating a New Regulatory Framework Featuring the Central Excise revision for a contemporary regulatory era, the upcoming transition from the existing Central Excise Act to a fresh legislative framework marks a milestone in India’s taxation landscape. This shift aims to streamline taxes, boost compliance, and cater to evolving business demands while seeking input from stakeholders for a seamless transition. Exploration of Key Developments: New Legislation Paradigm: The forthcoming Central Excise Bill seeks […]

Understanding Section 43B | Guide for MSMEs & Businesses Overview of Section 43B(h) Applicability Section 43B(h) specifically applies to transactions where goods or services are purchased from an enterprise registered under the MSMED Act, 2006. This provision ensures that MSMEs receive timely payments for their sales. Defining the Scope: Who’s Covered? It’s important to note that Section 43B(h) exclusions apply to outstanding dues to traders. The MSMED Act only classifies manufacturers and service providers—not traders—as […]