GST hike on textile, footwear to negatively impact working capital of MSMEs: Experts
- Money Control - 24-11-2021
On this update our Partner Jatin Arora in conversation with moneycontrol.com shared insights. He shared that, "tax rate increase could put an additional financial burden on the MSME section of the industry, which is already under stress due to slower sales and higher input costs. It may also lead to an increase in cost for end consumers. However, the decision to bring uniformity in tax rates across the supply chain should help the industry in the long run by releasing the blocked working capital in form of accumulated ITC".
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