The Economic Times RiseDec 6, 2021Amidst strain in the economy, MSMEs bat for tax relief, exemptions from capital gains taxThe MSMEs endured business disruption continuously for last three years; started with demonetisation in 2016, GST in 2017 and NBFC crisis in 2018.During the course of the year, the government and the RBI had taken several steps to ease the difficulties faced by the MSMEs.The measures varied from ease to access to credit to ease of doing business and included sanction of loans of up to Rs 10 million within an hour, a one-time restructuring of existing loans to MSMEs, interest subsidy on loan payments for all GST registered MSMEs and relaxation of NPA norms for all MSMEs.Read more at The Economic Times Rise
The MSMEs endured business disruption continuously for last three years; started with demonetisation in 2016, GST in 2017 and NBFC crisis in 2018.During the course of the year, the government and the RBI had taken several steps to ease the difficulties faced by the MSMEs.The measures varied from ease to access to credit to ease of doing business and included sanction of loans of up to Rs 10 million within an hour, a one-time restructuring of existing loans to MSMEs, interest subsidy on loan payments for all GST registered MSMEs and relaxation of NPA norms for all MSMEs.Read more at The Economic Times Rise
