The HinduFeb 6Budget 2023 announcements for MSME rejuvenation generates hope for revival of sick unitsTIRUCHI: A number of MSME units in Tiruchi region that had to suspend operations and those that had gone sick due to a combination of factors including unfavourable market conditions, COVID lockdown impact and rise in input costs, are awaiting more information on the provision in the Union Budget for return of 95 percent of penalty amount on the units for failure to execute contracts during COVID.As per the announcement, the forfeited amount will be returned by the government and the government undertakings to the MSMEs they were working with, under the Government’s Vivad Se Viswas scheme, a voluntary initiative for resolving pending direct tax disputes amicably with the tax payers.read more at The Hindu
TIRUCHI: A number of MSME units in Tiruchi region that had to suspend operations and those that had gone sick due to a combination of factors including unfavourable market conditions, COVID lockdown impact and rise in input costs, are awaiting more information on the provision in the Union Budget for return of 95 percent of penalty amount on the units for failure to execute contracts during COVID.As per the announcement, the forfeited amount will be returned by the government and the government undertakings to the MSMEs they were working with, under the Government’s Vivad Se Viswas scheme, a voluntary initiative for resolving pending direct tax disputes amicably with the tax payers.read more at The Hindu
