Budget 2024: Key GST-related challenges MSMEs expect to be addressed

Quick Summary:

Union Budget 2024 might introduce GST reforms favoring MSMEs, critical to GDP, employment, and exports.

This compliance can be relaxed for MSMEs in multiple ways such as specifying invoice value for issuing e-invoice, enabling mobile apps for generating e-invoice, exemption to specific sectors, etc.

The facts and opinions expressed here do not reflect the views of .(Catch all the Business News, Breaking News, Union Budget 2024 Events and Latest News Updates on The Economic Times.

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Article Details

Author / Journalist: ET CONTRIBUTORS

Category: Business

Markets: IndiaNew Zealand

Topics: GST Budget MSMEs Budget 2024 E-invoicing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-16 @ 10:52:22 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1541 words

Reading Time: 9 minutes read

Sentences: 47 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 21646939

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About Economic Times

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Official Website: economictimes.indiatimes.com

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News Last Updated: 12 hours ago

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