SME preparedness: Fines may show way to GST in Panipat textile industry

Panipat is the biggest centre for shoddy yarn in the world

Sarvesh Kadiyan, a small-time textile manufacturer in the dusty industrial complex of Panipat, had an animated conversation with a chartered accountant (CA) last week. Kadiyan was looking for clarity on the goods and services tax (GST) set to roll out on July 1. The CA told the businessman to “wait till someone penalises you for non-payment of GST”.
 
For a majority of the 1,500 odd manufacturing units in the area, finding the right guidance seems to be quite a task.
 
“It was funny; my CA told me he does not know much. According to him, as the roll-out