FISME to organize consultations for a conducive tax regime
New Delhi, Sept 28 (KNN) Aiming to managing financial difficulties, exploring new markets/ demand, meeting regulatory obligations and managing distress in the post-COVID world, FISME is conducting a series of webinars.
The first webinar in the series scheduled to be held on 30th September 2020, would focus on the existing tax regime for online and offline sellers and how it impacts the larger MSME ecosystem.
Santanu Mitra, additional commissioner, DCMSME will chair the webinar. Beside this tax experts are being invited to highlight the existing challenges and regularity bottlenecks in India's tax administration (GST requirements).
MSMEs are to share their grievances and experts will suggest ways to build a ‘conducive tax regime’ for the revival of the economy.
The COVID-19 pandemic has severely disrupted the 60 million strong MSME sector in India that employs over 110 million people and is considered to be the backbone of the Indian economy. The sector that produces a vast variety of goods and services to serve Indian consumers, through myriad supply chains, and with the help of millions of retail and trading enterprises, has been the worst affected one during the pandemic.
Successive lockdowns and restrictions on movement of goods and people and ensuing economic upheaval have shaken the very foundations of the entire MSME supply chain.