Small firms seek relief on compliance measures

Small enterprises facing business loss and manpower shortage have asked the government to provide more compliance relief and said the economic downturn and the devastating second wave of the pandemic are bringing them to their knees.

Small enterprises facing business loss and manpower shortage have asked the government to provide more compliance relief and said the economic downturn and the devastating second wave of the pandemic are bringing them to their knees.

Small firms have asked for relaxation in monthly goods and services tax (GST) payments and various filing requirements for the just-concluded fiscal. Regional restrictions on movement and normal business activities make it hard to comply, they said.

Source: Mint

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