- Letter to Finance Minister of India requests reduction in GST interest rate from 18% to 12% per annum to alleviate financial burden on businesses during economic challenges.
- Advocates’ Tax Bar Association emphasizes importance of tax compliance but highlights impact of high-interest rate on growth and economic contributions.
- Association expresses confidence in Finance Minister’s ability to address business concerns and sees reduced GST interest rate as crucial for supporting economic development and creating a vibrant business landscape in India.
Source Taxguru
