GST 2.0 ignores long standing demand of MSME
As per MSME 18% GST on labor charges will affect the liquidity of small industries. It will also reduce their competitive ability. The central government has changed the GST structure and reduced GST on almost everything needed by the common man. The 28 percent and 12 percent GST slabs have been abolished. The reduction in GST will benefit the common people. There is every possibility of an increase in the sales of companies. But, the GST Council has not accepted a major demand of micro, small and medium enterprises (MSMEs) this time too. It has not reduced GST on labor…