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I-T clause to ensure MSMEs are paid on time causing loss of business: Report

Some businesses had requested the finance ministry to defer implementation of the provision by a full financial year while others have requested that the 45-day time limit be extended. The ministry has asked stakeholders to suggest ways to resolve the issues arising from the I-T Act and to recommend possible alternate mechanisms for timely clearance of MSME bills.

Boost for State s LPG plans as key infrastructure take shape

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