Centre, states differ over who will foot bill for MSME tax break

Differences have emerged between the centre and states over who will foot the bill for a big tax break for micro, small and medium enterprises (MSME) that is in the works—partial tax exemption from the Goods and Services Tax (GST) for entities with up to ₹1.5 crore sales. The proposal which is now being examined by a ministerial panel led by Union minister of state for finance Shiv Pratap Shukla s…