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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