India SME Forum Explores How Gen GST with IMS Can Help MSMEs Overcome Challenges

The India Small and Medium Enterprises (SME) Forum (ISF) is the largest non-governmental organization dedicated to SMEs in the country. The India SME Forum has raised concerns that Micro, Small, and Medium Enterprises (MSMEs) in India are experiencing increasing financial strain due to the Integrated Management System (IMS) mandate, which adds ₹1.5 lakh to their annual compliance costs. The Forum recommends a phased implementation of this mandate, as MSMEs face significant operational and financial challenges in adopting IMS. This gradual approach would allow small businesses to adapt without facing major disruptions. This PDF discusses the India SME Forum, the key challenges faced by MSMEs, and the benefits of using Gen GST Software in conjunction with IMS. https://saginfotech.bravesites.com/entries/i/india-sme-forum-inr-1-5-lakh-annual-ims-cost-msme