Rs 30 Lakh Cr MSME Credit Gap Deepens Amid GST Refund Delays: Report - BW Businessworld

India’s micro, small and medium enterprises (MSMEs) are facing a deepening liquidity crisis as billions of rupees remain locked in unrefunded input tax credits (ITC) due to the Goods and Services Tax’s (GST) inverted duty structure (IDS), according to a statement issued by Empower India. The public policy think tank urged the GST Council to take corrective action at its next meeting, warning that…