HOSTIA calls for interest waiver on loans from TIIC
The Hindu
Hosur Small and Tiny Industries Association (HOSTIA) has called for interest waiver on loans obtained from the Tamil Nadu Industrial Investment Corporation in the lockdown period between April and Jun
Hosur Small and Tiny Industries Association (HOSTIA) has called for interest waiver on loans obtained from the Tamil Nadu Industrial Investment Corporation in the lockdown period between April and June, 2021.
In a representation made to Finance Minister P.T.R. Palanivel Thiagarajan, HOSTIA placed a charter of demands with focus on interest waiver on loans from TIIC, which would induce the Union government to waive interest levied on MSMEs by the scheduled banks.
The other demands included exemption from penalty interest for delayed payment of GST from 2017 to 2021, e-way bill should not be blocked for delayed GST payment at any point in time, interest of not more than 6 % should be levied for delayed GST payment and GST registration should not be cancelled for firms on account of delayed GST payment.
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