While the Centre has announced much appreciated COVID-19 relief measures including collateral free loans, accelerated refunds and extended deadlines for filing their GST returns, the concern of decreasing working capital and liquidity is alarming a major chunk of businesses in the country. .. One such measure that has focused specifically on that taxpayer’s urgent need for working capital has been devised by Finland. In April 2020, Finland proposed the introduction of Value Added Tax (VAT) loans.
Source: Avalara
