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PEENYA
JANUARY - 2019 INDUSTRIES
ASSOCIATION
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As expected, the Union Budget turned
out to an election-oriented exercise, with
lot of sops for the middle class and the
farm sector. While no one will grudge this,
the fact is the MSME sector is not like a

vote bank, given its very nature. The small
scale industry sector cuts across
communities, is not homogenous, and its
classification as a single entity is not for
socio-economic reasons, but for the
purpose of differentiating the industry

class. The small industry has all the
PRESIDENT'S MESSAGE
characteristics of not being a “special
interest group” as defined by social
scientists and it is for this reason that the
MSME sector is not wooed like other
procurement by Government enterprises
sectors like for example, the farm sector.
from small scale industries, the State

This is true not only for the Union Budget, Budget has extended the Karasamadhana
but also for the State Budget. Be that as it Scheme for all arrears of Commercial
may, things are changing, even if slowly, Taxes. Responding to the plea of industry
and notwithstanding the immediate bodies like PIA and others, the Chief
motivations of the budgetary exercise, M i n i s t e r h a s e x t e n d e d t h e
there is something to look forward to, for Karasamadhana Scheme for all the
the small industry. arrears arising out of the enactments
administered by the Commercial Taxes
While the Union Budget has announced
Department which existed before the
special 2% interest subvention for
introduction of GST, for which we are
MSMEs on Rs loans upto Rs 1 crore, and
grateful to the State Government.
GST at 6% instead of 18% for small service
providers with turnover upto Rs 50 lakhs
under composition scheme and
With warm regards,
permitted quarterly filing of returns by
small businesses and minimum 25% M.M. GIRI

The views expressed in the columns of "PIA NEWS" are not
necessarily those of PIA and are from various sources
Published by : PEENYA INDUSTRIES ASSOCIATION
Printed by : G.R. GRAPHICS On 21.01.2019
Phone : 080 - 23355161 Cell : 9845216320 Email : vinay.grgraphics@gmail.com

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Email : pia@peenyaindustries.org
www.peenyaindustries.org
secretary@peenyaindustries.org