PAC Flags Issues Faced by MSMEs under GST

On 26th March 2025, the Public Accounts Committee (PAC) presented its report on Micro, Small & Medium Enterprises (MSMEs) to the Parliament.

  • The report raised concerns about issues faced by MSMEs and exporters under the Goods and Services Tax (GST) regime.

Concerns Faced by MSMEs & Exporters under GST

Complex Framework

  • Small businesses struggle with hiring tax professionals or using expensive GST software.
  • Frequent notices from the tax department due to minor discrepancies create unnecessary legal expenses.
  • Frequent Goods and Services Tax return filings (GSTR-1, GSTR-3B, etc.) increase the compliance burden.

Inconsistent GST Rates & Classification Issues

  • Frequent ....
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