Latest News: MSME Minister Kalraj Mishra today said small and medium enterprises (MSMEs) need not fear Goods and Services Tax (GST), and they should register themselves with GST Network as it will benefit them. He said the government has set up GST cells to resolve all the issues related to the new tax regime.
The minister was speaking to reporters on the sidelines of the national workshop on GST readiness here. Mishra also said that GST will help in reducing tax evasion and end inspector raj. “It is a very important tax reform. Small and medium industry should not be apprehensive about anything. We are doing workshops across the country to resolve all your issues,” he added.
He also asked the micro, small and medium enterprises (MSMEs) to give feedback to the ministry on GST as it will take that up with the GST Council. “We have set up GST cells for the industry. I request you all to do GST registration,” the minister added. Talking to reporters, he said the MSME ministry has sought inputs from the khadi players on levy of GST on their products so that it can take up the issues with the GST Council.
Stay tuned with us for more updates of “Impact of GST on MSME sectors”.