- FISME urges automatic GST refunds and 8 percent concessional rates for MSMEs.
- The group highlights issues with the inverted duty structure affecting working capital.
- Proposes a time-bound refund system and grievance redressal mechanism.
- Suggests concessional rates for inputs taxed higher than final products.
- Calls for prompt government action to support MSMEs and manufacturing.
Source: knnindia.co.in
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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