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 ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 Parliamentary Standing Committee’s Report on Fisheries Sector
- 2 Components of Gold Monetisation Scheme Discontinued
- 3 Changing Dynamics of India’s Remittances
- 4 10 Years of Sagarmala Programme: Powering India’s Maritime Revolution
- 5 Energy Statistics India 2025
- 6 Revised Rashtriya Gokul Mission Approved
- 7 ICRA Report on Indian Municipal Bond Market
- 8 Pashu Aushadhi Initiative
- 9 Samarth Incubation Program
- 10 Electronics Component Manufacturing Scheme