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ISLAMABAD: Pakistan has always been dependent on the United States, European Union and Middle Eastern countries for trade.

Conceding that GST may have some flaws in its present form, finance minister Nirmala Sitharaman on Friday asked tax professionals not to curse it and sought their help to make it better.

Two years after its launch, the Centre has begun the biggest review of goods and services tax (GST) — including a possible resetting of rates along with a scrutiny of the slabs — to tone up collections and plug leakages.

Subhash Chandra, Secretary, Department of Defence Production (DDP), Ministry of Defence today said that the MSMEs and start-ups need to be integrated into the defence manufacturing ecosystem.

With the initiation of Manipur Start Up Scheme by the BJP led Government, Manipur now has secured the top spot for having the largest number of registered Micro, Small and Medium businesses in the North East region of the country.

GST Return: The Union government’s new circular to restrict the reimbursement of input tax credit to 20% of the total amount claimed in GSTR 3B return will aggravate the problem of SMEs that have already been grappling the issue of delayed payments.

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