Abstract
In view of the crucial role of MSMEs in employment generation and the development of the economy, it is imperative for the government to make it easier for this sector to do business and comply with the rules and regulations in force. In recognition of the same, relief to this sector in GST laws has been a priority area for the tax authorities. This paper discusses the various provisions related to GST that are of particular significance to MSMEs such as the composition levy scheme, soft tax rate policy for MSMEs, simplified compliance procedures for MSMEs and sector-specific concessions and reliefs.
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