Company Law : The guide explains practical steps to identify MSME-registered vendors despite no official lookup system. It highlights documentat...
Income Tax : जानें कि अपने व्यावसायिक खातों को प्रभावी ढंग से ...
Income Tax : Discover the seamless process to check MSME registration by PAN number. Learn step-by-step methods and alternatives, ensuring comp...
Income Tax : Understand MSME payment obligations, due dates, and tax implications. Ensure timely payments to registered vendors to avoid income...
Finance : Explore FAQs on the recent amendment to Section 43B of the Income Tax Act, 1961, affecting MSME payments. Learn about applicabilit...
Income Tax : Explore how the new 43 B (h) clause of the IT Act impacts Kerala Textiles and Garments Dealers Welfare Association and their appea...
Corporate Law : The Government has taken measures for easing access to credit for MSMEs. reported by Reserve Bank of India (RBI) some of the measu...
Corporate Law : The Micro, Small and Medium Enterprises (MSME) is a highly vibrant and dynamic sector of the Indian economy with over 6 crores uni...
Corporate Law : New online system of MSME/Udyam Registration launched by Union MSME Ministry, w.e.f. 1st July, 2020, has stood the test of Time an...
Corporate Law : MSME and Small scale industries (SSI) are very important plays vital role in the economic growth of the Company because it helps i...
Custom Duty : Delhi High Court orders release of a startup's goods held by Customs, citing an inexplicable delay and directing a review of polic...
Corporate Law : Right now, MSME’s are in a bind, there are lot of suppliers who are not paying MSME’s their dues on time and it's causing MSME...
Corporate Law : Whether the public interest litigation (PIL) challenging non-inclusion of advocates in the definition of the word 'professionals' ...
Corporate Law : The Ministry of MSME had replaced the erstwhile Udyog Aadhaar Registration for MSME with Udyam Registration vide its Notification ...
Fema / RBI : The existing Entrepreneurs Memorandum (EM) Part II and Udyog Aadhaar Memorandum (UAMs) of the MSMEs obtained till June 30, 2020 sh...
Corporate Law : Govt. amends the guidelines for registration of existing enterprise under MSME Ministry Notification dated June 26, 2020; States t...
Corporate Law : Micro, Small and Medium Enterprises (Amendment) Rules, 2022 (a) the beneficiary of the fund shall be a micro or small or medium en...
Corporate Law : The electronics industry is the world’s largest and fastest growing industry with applications in all sectors of the economy. Se...
There could be several occasions where a business might have supplied the goods or completed the services as per the agreed terms but did not receive payments from the customer/buyer. While there are various recourses available to recover such payments, we will discuss one of the quickest & easy recourse available to Micro & Small […]
Central Government has brought into effect the Notification of MSME Return to be filed as per Ministry of Corporate Affairs Notification dated 22nd January 2019 issued in exercise of powers of the Central Government under section 405 of the Companies Act, 2013 referred above requiring filing of Returns by ‘Specified Companies’. 1. If Micro and […]
Summary table of relevant provisions regarding definition and payment to MSME Ref: (i) The MSMED Act 2006 (came into force on 2nd October, 2006) (ii) The Central Government Notification number S.O 5622 (E) dated 18th Nov 2018 (iii) The MCA Order Jan 2019 – The Specified Companies (Furnishing of information about payment to micro and […]
Preface: COVID-19 pandemic has impacted businesses, financial markets and economies all over the world, including India, and has impacted the business operations of micro, small and medium enterprises – MSME sector and exposed many of them to financial distress. The Government has taken several measures to mitigate the distress caused by the pandemic including increasing […]
Taking another important step towards the vision of ‘Atmanirbhar Bharat’, the Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi, approved the Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) with a budgetary outlay of Rs. 6,238 crore.
MSME stands for Micro, Small and Medium Enterprises. A country’s actual economic growth in not just dependent on its large scale industries and multi- national organizations but also on its medium level industries and most importantly on its small scale businesses. The Ministry of Micro Small and Medium Enterprises has provided a suitable name for […]
However, a number of representations were received from various MSME Associations stating that the measure of making GSTIN mandatory is impacting the registration process as many enterprises are exempt from the mandatory requirement of filing GST Returns as per the GST Act/notifications. Asignificant proportion of MSME may have annual turnover less than the threshold limit for exemption from registration under GST Act.
GOvt has earlier provided that PAN and GSTIN is Mandatory wef 31St March, 2021 for MSME Udyam Registration has now relaxed the condition and provided that The exemption from the requirement of having GSTIN shall be as per the provisions of the Central Goods and Services Tax Act, 2017. It further provided that In case […]
New online system of MSME/Udyam Registration stands the test of Time & Technology. Totally seamless & smooth system also shows stability & resilience. More than 11 lakh MSMEs already registered since its launch on 1st July, 2020
Union Ministry of Micro, Small and Medium Entities (MSME), vide its Notification Dated 26.06.2020 notifies the new definition of MSME along with its new name i.e., “UDYAM Registration”, and introduced a new portal named “UDYAM Registration Portal”. Ministry also issued a clarification regarding new criteria for the classification of MSMEs. Our previous articles on UDYAM […]
