The micro, small and medium enterprises (MSME) sector has hailed Centre’s move to quicken refunds of GST claims but expect more measures to cut down processing time.
They have demanded more action at state-level to clear pending refunds and reduce paper work which continues to be a painful exercise. Small businesses which have been severely impacted by the double blow of demonetisation and GST are facing severe liquidity crunch. Any delay in the refunds of their claims worsen their working capital position. They have, therefore, demanded speedy refunds.