Experts call for further simplification of the GST regime to help MSMEs sell online

Posted under: MSME
Date: 2023-11-28
Experts call for further simplification of the GST regime to help MSMEs sell online

The MSME sector in India has witnessed remarkable growth, aligning with the government's 'Trillion-Dollar Digital Economy' goal. Despite recent GST simplifications, there's a call for further reforms to ease compliance for MSMEs. A webinar by The Dialogue brought together government representatives and industry experts to discuss these changes. Panellists emphasized the necessity for simplifying Principal Place of Business (PPoB) norms, proposing a single home-state PPOB registration for digitization. They advocated for digital invoicing in B2C transactions, supporting the government's e-filing and einvoicing strategy. The discussion underscored the pivotal role of e-commerce for MSMEs, acknowledging progress while suggesting reforms in physical place of business requirements and digital invoicing to unleash the sector's full potential. Challenges in multi-state registrations were highlighted by industry representatives, emphasizing the need for streamlined processes.

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