Government's initiative of including companies with turnover of upto 400 crores instead of 250 crores in the tax bracket of 25% is definitely a welcome move. This will act as a support system for growing companies and will give a major boost to business, particularly to MSME's which in turn gives a boost to the employment generation as well.
The author is Co-Founder at Step Industries.
Published 05 July 2019, 12:37 IST