ENA MSME 2023-02-21 16:29:36 <p><span style="font-size:14px"><strong>Coimbatore, Feb 21 (KNN)</strong> Struggling to compete with big industries, the Federation of Coimbatore Industrial Associations (FOCIA) has sought for a separate GST slab for MSME products. </span></p> <p><span style="font-size:14px">These problems were discussed by members of 20 MSME associations last week.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">One of the organisers J James said MSMEs have been facing difficult times ever since GST was introduced. </span></p> <p><span style="font-size:14px">We could not compete with the major manufacturers as both of us have same GST slabs. So there is need for separate GST slabs for the MSME sector, he said.</span></p> <p><span style="font-size:14px">Like the agriculture sector, James suggested that MSME sector should be provided loans at subsidised rates.</span></p> <p><span style="font-size:14px">The profit margin would be improved if interest rates for loans were brought down, he said. <em><strong>(KNN Bureau)</strong></em></span></p> 32380 https://knnindia.co.in/news/newsdetails/msme/coimbatore-based-association-demands-separate-gst-slab-for-msmes 2023-02-21 16:29:36 knnindia.co.in