date:Dec 29, 2016
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).
S Jindal, president,All India Food Processors Association (AIFPA) said that there was a basic difference betwe