Goods and Services Tax - Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 strengthens provisions relating to delayed payments to MSME’s by specifying a maximum credit period and higher penal interest if delayed beyond that period. If there is a delay in payment, companies will have to mention the reason for such delay in the statement of accoun...
Read MoreGoods and Services Tax - What is Micro, Small and Medium Enterprises? MSME is classified under two categories. Manufacturing Enterprise Service Enterprise They are defined in term of investment in plant and Machinery/Equipment- Enterprises Micro Small Medium Manufacturing Rs. 25 Lakh More than Rs. 25 Lakh but less than Rs. 5 Crore More than 5 Crore but less than ...
Read MoreGoods and Services Tax - As per the recent amendments made under Schedule III of the Companies Act, 2013 and read with notification S.O. 368(E) dated 22nd January, 2019 issued by the Ministry of Corporate Affairs of India- The companies are required to make certain disclosures pertaining to the vendors registered under the Micro, Small and Medium Enterprises ...
Read MoreGoods and Services Tax - SMEs are backbone of India economy. Earlier, the large organizations were only considered potential economy boosters but now the scenario has changed. Small and medium-sized enterprises (SMEs) are seen as the growth engine of the Indian economy. There are over 5.5 crore small enterprises that drive our Indian economy through manufacturin...
Read MoreGoods and Services Tax - Article explains Law Governing the file of MSME- I Form as notified vide Notification Date 22-01-2019, Due Date to File Return, Important Definition, Details Required in Form MSME-I, Procedure to file Form MSME-I, Penalty for Non-Filing of Form MSME-1 and Exemptions to the Rule related to filing of Form MSME-I. Governing Law MCA wide or...
Read MoreGoods and Services Tax - JOIN GST Practitioner Advanced Certified Training course of Ministry of M.S.M.E. at Chennai, New Delhi, Mumbai, Kolkata, Indore, Bangalore, Coimbatore, Ahmedabad, Jaipur, Agra, Cochin, Lucknow, Hyderabad, Trichy and Chandigarh in June and July 2019 starting from 22nd June 2019. BROCHURE FOR GST PRACTITIONER ADVANCED CERTIFIED TRAINING ORG...
Read MoreGoods and Services Tax - JOIN GST Practitioner Advanced Certified Training course of Ministry of M.S.M.E. at Pune, Trichy, Agra, New Delhi, Chennai, Bareilly, Bangalore, Cochin, Indore, Jaipur, Goa, Mumbai, Hyderabad, Coimbatore, Ahmadabad, Luckhnow and Kolkata in May, June and July 2019 starting from 18th May 2019. BROCHURE FOR GST PRACTITIONER ADVANCED CERTIFIE...
Read MoreGoods and Services Tax - Guidelines for Filling the Online Udyog Aadhaar Form Note: A. EM-I has been abolished. Need not file through Udyog Aadhaar. B. Udyog Aadhaar (UA) is for running units. No need to apply for upcoming units. C. New Feature Added for Search Facility of NIC Code to Avoid 3 Step Selection of NIC Activities. D. OTP […]...
Read MoreGoods and Services Tax - JOIN 4 day GST Practitioner Advanced Certified Training course of Ministry of M.S.M.E. (Limited Seat) at New Delhi, Kolkata, Jaipur, Mumbai, Pune, Agra, Goa, Coimbatore, Bangalore, Cochin, Trichy, Ahmedabad, Chennai & Hyderabad in February and March 2019 starting from 23rd February 2019. BROCHURE FOR GST PRACTITIONER ADVANCED CERTIFIE...
Read MoreGoods and Services Tax - JOIN 4 day GST Practitioner Advanced Certified Training course of M.S.M.E. at Kolkata, Gurgaon, Kolhapur, Goa, Indore, Trichy, Pune, Agra, New Delhi, Mumbai, Chennai, Cochin, Hyderabad and Bangalore in January 2019 and February 2019 starting from 12th January 2019. BROCHURE FOR GST PRACTITIONER ADVANCED CERTIFIED TRAINING ORGANISEED BY ...
Read MoreM/s Ramky Infrastructure Private Limited Vs Micro And Small Enterprises Facilitation Council & ANR (Delhi High Court) - Hon'ble HC held that an entity which falls within the definition of the micro/small enterprise will be treated as a ‘supplier’ under Section 2(n) of the MSMED Act even if it has not filed a Memorandum as required under Section 8(1) of the MSMED Act....
Read MoreOffice memorandum No. 41(P)/NMCP/TEQUP/EFC/2017(Pt.-2) - (06/03/2019) - The Central Government has decided to continue the Credit Linked Capital Subsidy and Technology Up-gradation Scheme (CLCS-TUS) with a total outlay of Rs. 2900 crore beyond 12th Plan for three years from 2017-18 to 2019-20 recommended by the Expenditure Finance Committee (EFC)....
Read MoreRBI/2018-19/129 DNBR (PD) CC.No.096/03.10.001/2018-19 - (22/02/2019) - Interest Subvention Scheme for MSMEs aims at encouraging both manufacturing and service enterprises to increase productivity and provides incentives to MSMEs for onboarding on GST platform which helps in formalization of economy, while reducing the cost of credit. The Scheme will be in operation for...
Read MoreRBI/2018-19/127 DBR.No.BP.BC.26/21.04.048/2018-19 - (22/02/2019) - It is clarified that the eligibility for restructuring without GST-registration, as per the circular under reference, should be determined on the basis of exemption limit obtaining as on the date of the aforesaid circular, i.e., January 1, 2019....
Read MoreRBI/2018-19/125 FIDD.CO.MSME.BC.No.14/06.02.031/2018-19 - (21/02/2019) - The Scheme aims at encouraging both manufacturing and service enterprises to increase productivity and provides incentives to MSMEs for onboarding on GST platform which helps in formalization of economy, while reducing the cost of credit. The Scheme will be in operation for a period of two financial...
Read MoreS.O. 5670(E) - (09/11/2018) - Special provision for Micro and Small Enterprise owned by women. Out of the total annual procurement from Micro and Small Enterprises, 3 per cent from within the 25 per cent target shall be earmarked for procurement from Micro and Small Enterprises owned by women....
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