GST based bill discounting can provide immediate relief to MSMEs, says experts
NEW DELHI: Top economists and taxation experts of India has reached to a consensus that Goods and Service (GST) based bill discounting backed by government guarantee fund can provide immediate relief to Micro Small and Medium Enterprises (MSMEs) struggling with credit issues. In its endeavor to further improvise and set new direction for tax reforms, top experts at SKOCH India Economic Forum which was organised by SKOCH Group (India’s topmost think-tank) on Friday discussed immediate measures required to counter slow down and create a complete portfolio of tax reforms in India. Addressing the immediate measures required to take tax reforms to the next level, Sameer Kochhar, Chairman, SKOCH Group said, “I am glad that leading taxation experts at India Economic Forum has today reached a consensus that GST based bill discounting backed by government guarantee fund can provide immediate relief to MSMEs. Credit to MSME is a huge problem and the biggest roadblock in the success story of