MSMEs in food processing industry express concerns about impact of GST

India Food Forum - 2020 > FOOD SERVICE > MSMEs in food processing industry express concerns about impact of GST

MSMEs in food processing industry express concerns about impact of GST

December 30, 2016 | indiafood forum | FOOD SERVICE

Micro, small and medium enterprises (MSMEs)in food processing sector have raised concerns on the possible impact of goods and service tax (GST) on their businesses, particularly in the light of removal of the Rs1.5-crore threshold for the levy of duty on MSMEs in the manufacturing sector and the proposal to bring it at par with the service sector (whose annual turnover is Rs 20 lakh)…READ MORE

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