Increase in GST rates not a viable option for SMEs, will lead to unnecessary litigation

GST and Taxation for MSMEs: Recent newspaper reports indicate that due to fall in GST collections, the Government may be inclined to hike the rates of some products while imposing a tax on a few exempted products and services. The move would be to arrest the revenue decline experienced in the last months. If the reports are to be believed, exempted products such as poultry products, dairy products…