Tamil Nadu Chamber of Commerce and Industry, along with Madurai Chapter of The Institute of Cost Accountants of India, organised a seminar on Friday, to discuss the latest amendments to the Goods and Services Tax and its impact on micro, small and medium enterprises. Chamber senior president S. Rethinavelu said that government should fix tax slab rates under two categories only i.e. at 5% and 10% in order to increase tax revenue and eliminate tax evasions.
Joint Commissioner of CGST and Central Excise, Madurai, V. Pandiaraja stated that “Under Sabha Vishwas Scheme 2019 introduced by the Central government, 1,300 applications have so far been received by the Madurai Division, which reflects the awareness among taxpayers of the benefits of the scheme”.
