Quick Summary
With the Union Budget 2026-27 around the corner, small business owners across India have urged the Centre to announce GST relief and tax simplification measures to help the sector cope with rising costs and compliance challenges. Traders and small entrepreneurs, particularly in cities like Hyderaba
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FAQ :
Small businesses are urging the Centre to announce GST relief and tax simplification measures to help them cope with rising costs and compliance challenges.
They are experiencing strain due to high input costs, delayed GST refunds, complex filing requirements, and increasing prices of raw materials, logistics, and electricity.
They are requesting simplified GST return filing, faster GST refunds, rationalisation of GST rates, and higher turnover thresholds for GST registration and composition schemes.
Delayed refunds and inverted duty structures often lock up working capital, forcing small firms to rely on costly borrowings.
MSMEs are looking to the Union Budget for policy measures that encourage growth, formalisation, and job creation, believing GST relief and easier credit access would help them expand.
Small business owners hope the government will prioritise ease of doing business, tax certainty, and compliance reduction, believing meaningful GST reforms could boost the sector and India's economic growth.
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