Home Business Cotton Textiles units happily welcomes relaxations for MSMEs in GST

Cotton Textiles units happily welcomes relaxations for MSMEs in GST

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(G.N.S) Dt. 12 Coimbatore Micro, Small and Medium-scale Enterprises (MSMEs) category, have welcomed the GST relaxations announced. K.V. Srinivasan, chairman of the Cotton Textiles Export Promotion Council, has said in a press release that the expansion of the Composition Scheme from the turnover threshold of 1 crore to 1.5 crore will be a relief to several small-scale tax payers. They would now have to pay the tax on a quarterly

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