AGP Executive Report
Last update: 5 hours agoGST Changes: India’s GST Council has approved a simpler annual return option for more than 1.6 million small businesses, alongside faster refunds, easier registration and lower penalties. The changes are expected from April 2027; businesses will still pay tax quarterly. Online Sales: Malaysia is bringing e-commerce platforms and affected shop owners together to address concerns that below-market pricing could hurt local retailers and SMEs. Small-Business Finance: India approved a ₹10,000-crore growth fund to help smaller firms scale, while new data puts small-business credit at ₹50.9 lakh crore, with sole proprietors driving much of the growth. Cash Flow: Australia’s ban on credit-card tax payments faces continued pushback from businesses worried about added costs and tighter payment flexibility.**
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