COSIA Secures Interim Relief from Bombay High Court on GST Levy for Assignment of Lease
COSIA has been at the forefront of advocating against the unjust imposition of GST on the assignment of leasehold rights in MIDC plots. The GST department has been treating such assignments as a supply of service, subjecting MSMEs to an additional 18% financial burden, despite the fact that land transactions are already subject to stamp […]
COSIA Welcomes RBI’s Draft Circular on Prohibition of Foreclosure Charges and Pre-Payment Penalties for MSEs
The Chamber of Small Industry Associations (COSIA) is pleased to share an important update following the Reserve Bank of India’s (RBI) release of the draft circular on the prohibition of foreclosure charges and pre-payment penalties on term loans granted to Micro and Small Enterprises (MSEs). The draft circular, published on 21st February, 2025, is a […]
COSIA Participates in the Quarterly Empowered Committee on MSMEs Meeting at RBI, Mumbai
On 11th February, 2025, the Chamber of Small Industry Associations (COSIA) actively participated in the Quarterly Meeting of the Empowered Committee on MSMEs, held at the Mumbai Regional Office of the Reserve Bank of India (RBI). This important meeting, chaired by the Regional Director for Maharashtra, brought together key stakeholders to discuss critical aspects of […]