Ministerial panels of GST council to meet on Sunday over relief to MSMEs, levying calamity cess

Two ministerial panels under the GST Council will meet on Sunday to decide on hiking the exemption threshold for MSMEs and feasibility of levying calamity cess under the new indirect tax regime, officials said. The six-member Group of Ministers (GoM) on MSME, headed by Minister of State for Finance Shiv Pratap Shukla, would deliberate on the problems faced by micro, small and medium enterprises (M…