'Small units face closure amid GST refund delays' - The Times of India

Ludhiana: Thousands of small-scale manufacturers in the bicycle, sewing machine, and carton sectors are facing a liquidity crisis due to a flawed "inverted duty structure". While the government promised GST refunds within 30 days, local units claim that 13% of their working capital is being locked up for months, forcing many small factories to shut down every 10–15 days.The crisis stems from manuf…