Finance : Discover the crucial role of MSMEs in India's economic development, from classification to registration and benefits. Learn how MS...
Company Law : Understand Form MSME-1 filing requirements and penalties under the MSMED Act. Learn about deadlines, required information, and com...
CA, CS, CMA : Discover the essential 2023-24 Audit Manual for SMEs. Stay updated with changes in CARO 2020, Schedule III, and more. Download edi...
Finance : Explore the recent amendment to Section 43B of the Income Tax Act aimed at bolstering the financial well-being of MSMEs through ti...
Income Tax : Learn about Section 43B(h) of the Income-tax Act, 1961, allowing deductions for MSME payments only on actual payment basis. Unders...
Income Tax : Discover how proposed amendment in Section 43B of Income Tax Act, 1961, affects MSMEs. Learn about potential challenges and sugges...
Income Tax : Live Webinar with Book on Section 43B(h) (Financial Fitness) on 10th May 2024, 6:00 pm to 8:00 pm. CA Manoj Lamba will break down ...
Corporate Law : This webinar titled “How MSMEs Recover Payment without Court” provides valuable insights and strategies for recovering...
Corporate Law : Introduction: On March 15, 2024, a significant milestone was achieved in the formalization journey of Micro, Small, and Medium Ent...
Corporate Law : Discover how the Udyam Assist Platform, launched by the Ministry of MSME, facilitates registration for Informal Micro Enterprises,...
Corporate Law : Supreme Court dismisses plea under Article 32 against 45-day payment rule. Detailed analysis of the judgment and implications for ...
Corporate Law : Explore Allahabad High Court's judgment on predeposit under Section 19 of MSMED Act in the case of Docket Care Systems Vs. Hariwil...
Corporate Law : Mankind Life Sciences Private Limited Vs State of Himachal Pradesh & Anr (Himachal Pradesh High Court) The legal landscape sur...
Corporate Law : The petitioner filed an application for stay of an arbitral award passed by the West Bengal State Micro Small Enterprises Facilita...
Income Tax : Delhi High Court held that in respect of Special Audit remuneration under section 142(2D) of the Income Tax Act invocation of prov...
Company Law : Read about the Specified Companies Order amendment under Companies Act 2013 to enhance reporting on payments to micro and small en...
Income Tax : Understand the implications of the corrigendum to Income Tax Notification No. 27 of 2024. Get insights into the changes and their ...
Corporate Law : Discover the Air Cooler and Air Filters Quality Control Order 2023 by the Ministry of Commerce and Industry. Learn about standards...
Corporate Law : Explore the Ministry of Commerce and Industrys latest order on Potable Water Bottles (Quality Control) 2024 in New Delhi. Learn ab...
Corporate Law : Explore the latest Ministry of Commerce and Industry Order in New Delhi, setting quality standards for insulated flasks, bottles, ...
Q1. What is MSME? Ans: ♥ MICRO SMALL and MEDIUM ENTERPRISES (Under MSMED Act 2006) ♥ Engaging Manufacturing or Production of goods as well as enterprises engaging in providing or rendering of services other than: 02 Forestry and Logging 03 Fishing and Aquaculture 45 Wholesale and retail trade and repair of Motor Vehicle and Motorcycles […]
Govt Introduce new Platform CHAMPIONS for MSMEs Know 36 Subsidy & Financial Assistance Scheme for MSMEs and Process to apply Online CHAMPIONS stand here for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength. Accordingly, the name of the system is CHAMPIONS. As the name suggests, the portal is basically […]
Earlier the MSMEs were defined on te basis of th investment made by them however now the revised definition has been brought by the Government of India while delivering the economic package as part of the AAtmnirbhar Bharat Abhiyan and further change has been approved in the definition of the MSMSe to provide equity support […]
Ministry of MSME gears up to implement the New Norms of classification of MSMEs As stated earlier, the upper ceiling for classification of MSMEs now has been raised New definition and criterion notified; will come into effect from 1st July, 2020. As part of new definition, Exports will not be counted in turnover for any enterprises whether micro, small or medium.
Key Highlights: -Ministry of MSME gears up to implement the New Norms of classification of MSMEs -the upper ceiling for classification of MSMEs now has been raised –New definition and criterion notified; & will come into effect from 1st July, 2020 -Exports will not be counted in turnover for any enterprises whether micro, small or […]
MSME definitions revised further to include firm with upto Rs. 250 Crore Turnover Highlights: 1. As per new definitions, a firm with up to Rs. 50 Cr. investments and upto Rs. 250 crore is classified as a medium enterprise. 2. Union cabinet has approved further changes to definitions of MICRO, SMALL & MEDIUM enterprises, a […]
Prime Minister Shri Narendra Modi today launched the technology platform CHAMPIONS which stands for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength.
Notes on MSME for Real Estate (Micro, Small & Medium Enterprises) 1. IDR Act 1951 (Industries Development and Regulation Act, 1951 2. MSMED Act 2006 (Micro, Small & Medium Enterprises Development (MSMED) Act, 2006)e.f. 02.10.2006 3. MSME sector contributes about 40% of the total employment in India 4. Contribution of MSME sector to India’s GDP […]
What is the NEW booster to MSME? a) Why MSME is most important for Indian Economy? a) Around 63.4 million MSME units in India b) Contributes around 6.11% of manufacturing GDP c) Contributes around 24.63% of services GDP d) Contributes around Country’s GDP-making of 29% e) Contributes around 33.4% of India’s manufacturing output. f) Provides […]
The Central Government has vide notification dated June 01, 2020, notified the following criteria for classification of micro, small and medium enterprises which shall be effective from July 01, 2020: Particulars Investment In Plant & Machinery Or Equipment Turnover Micro enterprise does not exceed Rs. 1Cr. does not exceed Rs. 5 Cr. Small enterprise does […]
