MSMEs seek simpler GST return system

MSMEs seek simpler GST return system

Micro and small entrepreneurs (MSMEs), who function from the Sidco industrial estate near the city, MSMEs seek simpler GST return systemhave sought that the Central government make the mechanism forreceiving returns for GST simple. Currently, they have to fill about three forms and the process is cumbersome, they said.

Members of the Coimbatore Sidco Industrial Estate Manufacturers Association (Cosima) on Thursday said this in a release, along with other resolutions of the annual general meeting held recently.

S Surulivel, president of Cosima, told TOI that instead of filling multiple forms, if they were asked to fill only form GSTR–3B, it would be easier for them.Also, GST payments should be made quarterly for MSMEs.

The association also sought that the electricity tax and fuel be brought under GST.


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Source :  The Times of India

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