BENGALURU : Digital payment technology and payment gateways create significant value for micro, small and medium enterprises (MSMEs) in India, while more than 9 million GST-registered MSMEs could be a potential market for advanced offerings from fintech companies.
Umpteen GST amendments, circulars and change of rules have befuddled MSMEs and small tax payers.
NEW DELHI : The governments of Rajasthan, Kerala, Delhi, Punjab and West Bengal on Wednesday urged the Centre to immediately pay them the guaranteed compensation for their Goods and Services Tax (GST) revenue loss for August and September, which they said they have not received.
Nagpur: Mukul Patil, the Joint Commissioner of Central GST here, said that GST Council is continuously striving to make compliances easier for tax payers.
Finance ministers of five states on Wednesday raised an alarm over the delayed compensation payment from the Centre for the August-September period, and claimed that they were facing acute fiscal pressures as a result.
The finance ministers of five states — Delhi, Punjab, Rajasthan, Kerala and West Bengal — have expressed concerns over the worsening financial condition and criticised the Centre for delaying the release of GST compensation cess for the months of August and September.