Rattan Chand Khushiram, an avid contributor on economic issues, better known under the pen-name RChand. Headed the Economic Analysis and Research (EARS) unit of the ex-MEPD and was till recently, Director of the Research and Sustainability Division (ReSD) at the Ministry of Finance and Economic Development (MOFED)
The VAT registration threshold, now set at Rs 3 million compared to Rs 6 million previously, which will bring many small businesses into the indirect taxation system, will have a negative impact on micro-businesses.
