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To prepare micro, small and medium enterprises (MSMEs) for migration to the new Goods and Services Tax (GST) system, YES Bank along with YES Global Institute has launched a tailor-made programme for MSMEs.The private sector bank has initiated the programme on the back of findings of its nationwide survey with 100 MSMEs. The survey, among others showed that one in every two MSME owners is not aware of the impact of GST on their businesses and nine out of 10 MSME owners are not fully aware of the changes needed to comply with GST.
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