Expectations of this 29th GST Council meeting to Boost MSMEs

Following areas under consideration to support MSME:

1) A threshold exemption of Rs 20 lakhs for Inter-state supplies.
2) Exemption of E way bill with in state and to increase exemption limit to Rs 1 lakh
3) Tax rates for SME units manufacturing agro products reduced to a maximum of 5%.
4) Speed up refund procedure
S) A new definition to MSME on the basis of turnover.
6) Find solutions for VAT disputes