The TribuneDec 2, 2021Industry expects incentives, reduction in tax for MSMEsChandigarh, January 20 Having hit by the Covid pandemic and slowdown, micro, small and medium enterprises (MSMEs) in the northern region expect tax reforms and incentives in the upcoming Budget across different manufacturing sectors such as textiles and apparels, auto components and hand tools, pharmaceuticals and sports to propel growth.However, SC Ralhan, president, Ludhiana Hand Tools Association, said as the Center's revenue growth was sluggish amid the slowdown, expecting much in the already-tight fiscal space would be foolhardy. Following are the few expectations:Reduction in tax Since a vast majority of the MSMEs are either sole proprietorships or partnerships, the government should reduce tax on the MSMEs.Read more at The Tribune
Chandigarh, January 20 Having hit by the Covid pandemic and slowdown, micro, small and medium enterprises (MSMEs) in the northern region expect tax reforms and incentives in the upcoming Budget across different manufacturing sectors such as textiles and apparels, auto components and hand tools, pharmaceuticals and sports to propel growth.However, SC Ralhan, president, Ludhiana Hand Tools Association, said as the Center's revenue growth was sluggish amid the slowdown, expecting much in the already-tight fiscal space would be foolhardy. Following are the few expectations:Reduction in tax Since a vast majority of the MSMEs are either sole proprietorships or partnerships, the government should reduce tax on the MSMEs.Read more at The Tribune
