Union Budget 2018: Cut in corporate tax to boost MSMEs growth, say top company officials-
Budget 2018: Announcements made in the Budget for
micro, small and medium enterprises (MSMEs) such as cut in corporate tax
will help boost growth of this important sector, according to top
company officials in this segment. Yesterday, Finance Minister Arun
Jaitley proposed to lower corporate tax rate to 25 per cent for
businesses with turnover up to Rs 250 crore. Retail engagement platform
Netree CEO Desi Valli said the move will invite many smaller players to
join the formal sector and bring transparency.
Startup online
marketplace for auto component boodmo too said the government is giving
special attention and treatment to MSMEs. US based motorcycle firm UM
Global Director Jose Villegas said the cut in tax rate will give cash
surplus to MSME auto companies.
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