Weighing good and bad of landmark tax system on MSMEs

GST for SMEs: Two areas regarding the Goods and Services Tax (GST), which caught my eye in the recent past was non-filing of annual returns by almost two-thirds of taxpayers and GST collection having crossed 1.02 lakh crores while the total collection for the period April-July has grown by 6.83 per cent. While the latter statement proves that compliance is better and that participation from the tr…