Budget 2026: GST Relief for MSMEs? Centre Eyes Quarterly Payments, Compliance Ease

• Central Budget 2026 may ease GST burden for MSMEs, considering quarterly payments instead of monthly for small enterprises (up to ₹10 crore turnover).
• Proposals include warnings/waivers for initial filing errors, a single-window app for GST, income tax, and Udyam filings, and free accounting software.
• Measures aim to reduce compliance costs (currently 6-8% of turnover for small firms) and support MSMEs facing high US tariffs.
• MSME Ministry sent proposals to Finance Ministry; experts suggest quarterly payments won't significantly impact government revenue.
• Other ideas: self-certified audit model, expedited GST registration reactivation, aligning with the increased MSME turnover limit.

Why It Matters: Budget 2026 likely to simplify GST compliance and reduce burden for MSMEs to boost growth.