Manish Sisodia proposes GST scheme for MSMEs

Source:     Aug 07, 2018

Deputy chief minister Manish Sisodia on Saturday said he has proposed a new scheme for Micro, Small and Medium Enterprises (MSME) with a turnover of up to Rs 5 crore per annum, in which certain proportion of the tax paid by them would be reimbursed. Sisodia said that ever since the Goods and Services Tax (GST) has been rolled out, there were concerns for the sector.

The suggestion was made in GST council, which met to discuss MSMEs on Saturday. “The law committee will examine the proposal. It will then be sent to the group of ministers who will finalise the report. If accepted, it would be a big relief to the businesses with a turnover of under Rs 5 crore,” said Sisodia