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06May 2024

MSMES IMPACTED BY NEW TAX CLAUSE, FACING CANCELLATIONS AND COMPETITION

Why in the news? MSMEs face challenges due to new tax clauses, leading to cancellations, competition, and calls for reevaluation of payment timelines. source:slideshare Key Points:Criticism and Impact Punjab BJP General Secretary Rakesh Rathore condemned Channi’s remarks, citing disrespect for security forces. Competition between registered and unregistered MSMEs emerged, with smaller entities deregistering to survive. …

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