BJP 2.0 started with a revenue shortfall of Rs 1.7 Lakh Cr, the Corp Tax cut will result in a further loss of Rs 1.45 Lakh Cr. Looting RBI worked for the former loss, how will the govt compensate for the latter? Tax middle class? Cut budget of social impact policies? MSMEs'>Tax MSMEs?
Modi Govt has introduced major tax reforms to boost the tourism and hospitality sector ahead of the peak winter holiday season. GST filing for MSMEs for 2017-18 & 2018-19 has been waived off; GST rates for mid-range & high-range hotels have been reduced.
FM Sitharaman asks state-run banks to hold 'loan melas' for MSMEs, homebuyers
MSMEs are the backbone of our economy. Our endeavour to give a boost to MSME sector is clearly reflected in the #NewIndiaBudget .
Commendable decisions taken by the GST council, which will greatly help MSMEs, traders and the services sector. We remain committed to a simple and people-friendly GST.
Solving the challenge of cash flows for MSMEs. It was been decided that all CPSEs and Corporates having a turnover of more than Rs. 500 crore must be on the Trade Receivables e-Discounting System or the TReDS Platform.
Expanding the market for MSMEs, ensuring that their customer base also widens. Now, a mandatory 25% of all procurements by CPSEs must be from MSMEs.