Goods and Services Tax : Understanding how taxation affects SMEs is essential for business owners, policymakers, and investors. This blog explores the vari...
Income Tax : The Indian government remains married to promoting entrepreneurship and profitable development through duty impulses for startups ...
Income Tax : Explore corporate tax reforms expected in Union Budget 2025-26, including CSR deductions, TDS rationalization, MSME payment rules,...
Corporate Law : Learn MSME eligibility criteria, how to apply for Udyam registration, and access benefits like tax exemptions, low-interest loans,...
Corporate Law : MSMEs drive economic growth and inclusive development globally. Explore India's MSME policies, export regulations, and high-potent...
Corporate Law : Union Budget 2025-26 enhances MSME investment and turnover limits, increases credit guarantees, introduces new schemes for women a...
Finance : The Government outlines criteria and steps to improve MSME loan access, including collateral requirements, schemes, and credit fac...
Corporate Law : IBBI proposes amending CIRP regulations to require MSME status disclosure in the Information Memorandum to reduce resolution proce...
CA, CS, CMA : Explore recent updates on corporate tax rates, MSME concerns over tax deductions, and GST rates for shawls as addressed in Lok Sab...
Income Tax : Punjab Accountants Association urges Finance Minister to amend Section 43(B)(h) for MSMEs, proposing better payment timelines and ...
Corporate Law : Supreme Court held that Banks/ Non-Banking Financial Companies (NBFCs) are obliged to adopt restructuring process of MSME as conte...
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...
Fema / RBI : RBI extends Interest Equalization Scheme on Rupee Export Credit for MSME exporters until August 31, 2024, with a cap of ₹1.66 Cr...
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...
MSME cum GeM Registered Business in India play an important role in building Self Reliant India. Based on recommendation of the Group of Secretaries, the Hon’ble Prime Minister of India decided to set up dedicated e-marketplace for different goods and services businesses in India. The platform provide the opportunity to sellers to set competitive market […]
Keeping in view of Indian Prime Minister’s Vision of Self Reliant India Movement a special package to cater MSMEs, labourers, middle class and for some industries. Following steps are taken for MSMEs Businesses In India: 1. INR 3, 00,000 Crore Collateral Free Automatic Loans for Businesses including MSMEs: Businesses/MSMEs have been badly hit due to […]
1. Collateral free credit: Under CGTMSE (Credit Guarantee Funds Trust for Micro and Small Enterprises) scheme, MSME’s can avail maximum collateral free credit (Fund based / non fund based – LC, BG etc) upto of Rs. 200 Lacss from Eligible Institutions. Maximum Guarantee Cover is as under Category Maximum extent of Guarantee where credit facility […]
Subsequent to qualifying as a MSME the following needs to be ensured to get registered in order to reap maximum benefits available which are:
MSME stands for Micro, Small and Medium Enterprises. In a developing country like India, MSME industries are the backbone of the economy. This article is an attempt to clear the confusions. What are MSME? As per the ‘Atmanirbhar Bharat’ scheme announced on 13th May, 2020- Definition of MSMEs will be revised Investment limit will be […]
The term Micro, Small and Medium Enterprises (MSME) is very popular now days. Government is providing more and more relief measures and packages to boost MSMEs because it is the MSME which have the potential to lead India and make self reliant in line with our goal of ‘आत्मनिर्भर भारत अभियान‘ . MSMEs are governed […]
Key Points Investment limit will be revised upwards. Additional criteria of Turnover. Both are cumulative conditions as there is used “and”. Criteria for Manufacturing & Services to be same Both are cumulative conditions as there is used “and”. We can understand this with the help of the following illustrations: Illustration 1. Investment: 50 Lakhs Turnover: […]
Definition of MSME will be revised by raising the Investment limit. An additional criteria of turnover also being introduced. The distinction between manufacturing and service sector will also be eliminated. Definition of MSMEs will be revised Investment limit will be revised upwards Additional criteria of turnover also being introduced. Distinction between manufacturing and service sector […]
1. Collateral Free Automatic Loan to MSME: No guarantee required. Period 4 Years. No principal repayment for 1 year. Scheme can be availed till 31st Oct 2020. 45 lakh units can resume business activity and safeguard jobs. Borrowers with up to Rs. 25 crore outstanding and Rs. 100 crore turnover eligible 2. Stressed MSME: Subordinate […]
The Government of India on Wednesday announced the special economic package under the government’s Atmanirbhar Bharat Abhiyan-India’s Rs 20 lakh crore Covid-19 economic package. The entire package is aimed at providing a much-required boost to the Indian Economy which might otherwise face the inevitable economic slump due to long lockdown period. Amongst other, one of […]
