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Sep 25, 2018
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GST relief for MSMEs: Disappointing news – Sector may not get more benefits before 2019 polls
A persistent shortfall in the goods and services tax (GST) collections has forced the GST Council to move slowly on the plans to give more sops to micro, small and medium enterprises (MSMEs). Till the next elections, the GST structure might not see any major change, sources said, adding that even the new return filing system may have to wait till the polls are concluded and the new government assumes office. The government reckons that the rolling out the proposed additional sops to MSMEs — one suggestion was to refund a portion of the taxes paid by these units to reduce their tax liability without upsetting the GST chain — closer to elections could create technical hassles.
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