MSMEs in a tax trap: GST rules, delayed payments squeeze India's small firms hard - Deccan Herald

June 27 marked National MSME Day, bringing a wave of lavish tributes canonising small businesses as the “backbone” of employment, industrial production, and exports. A few days later, on July 1, the nation marked GST Day, commemorating the ninth anniversary of the historic tax rollout. Yet a sobering operational reality remains. India’s small entrepreneurs still do not see a smooth, viable pathway…