Corporate Law : Incorrect Udyam filings can result in denial of CGTMSE coverage, MSME Samadhaan claims, and government tender participation. The a...
Corporate Law : This guide explains all major MSME subsidy schemes running in Uttar Pradesh in 2026, including capital subsidies, interest benefit...
Finance : The revised MSME classification limits under Union Budget 2025-26 significantly widen access to government subsidy, guarantee, and...
Finance : An analysis of why MSMEs report profits on paper but face cash shortages, repayment pressure, weak liquidity, and operational fina...
Finance : A practical guide on common mistakes that lead to rejection of subsidy claims in India, covering planning, compliance, documentati...
Corporate Law : A new digital credit model for MSMEs leverages data from sources like GST and ITRs for faster loan approvals, reducing paperwork a...
Company Law : Indian government outlines measures against companies not paying MSME dues, including mandatory reporting, penalties, SAMADHAAN po...
Goods and Services Tax : Govt introduces GST reforms to simplify compliance for MSMEs, including higher turnover limits, quarterly returns, and digital pay...
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...
Income Tax : The ITAT held that reversal of MSMED Act interest cannot be taxed if the provision was never claimed as a deduction. The matter wa...
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 : Supreme Court held that Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises does require MSME to notif...
Corporate Law : Kerala HC holds that a retail plywood importer cannot claim delayed BIS compliance under QCO 2024, as MSME benefits are limited to...
Corporate Law : Supreme Court rules Limitation Act applies to MSMED arbitration but not conciliation, clarifying recovery of time-barred debts und...
Company Law : Repeated delays in filing MSME returns resulted in penalties reaching the statutory cap. The decision highlights strict enforcemen...
Company Law : MSME-1 filings delayed by over two years attracted the highest statutory penalties. The ruling signals strict enforcement where no...
DGFT : The government introduces 2.75% interest relief on pre- and post-shipment export credit, helping MSMEs access cheaper working capi...
Corporate Law : The Ministry of MSME mandates that all new delayed payment cases under the MSMED Act must be filed on the new MSME ODR Portal star...
Corporate Law : Companies must report delayed payments over 45 days to MSMEs in a half-yearly return to the Ministry of Corporate Affairs under MS...
Recently, Warren Buffett (Oracle of Omaha) admitted that he made an understandable mistake when valuing the airline stocks as a near-global halt in travel due to the corona-virus sent their prices sharply lower. He mentioned that he has dumped its entire interests in airlines business i.e. four largest US airlines, collectively has 80% of the revenue passenger miles […]
Background: Micro, Small and Medium Enterprises (MSME) Sector is a dynamic and vibrant sector of the Indian Economy. It plays a major role in the economic development of our nation and has emerged as a progressive industrial area providing indefinite opportunities in employment, industrialisation and creation of new businesses. The MSMED Act, 2006 was enforced […]
Ministry of Corporate Affairs (MCA) has made amendments under Schedule III of the Companies Act, 2013 and read with notification S.O. 368(E) dated 22nd January, 2019 and introduced Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order 2019 thereby notified filing of Form MSME-1. Under Form MSME -1 The companies are […]
The Indian government has taken so many initiatives to protect the payments of registered Micro, Small or Medium Enterprises (MSMEs). A company or any other entity who have registered themselves under MSME and facing problems to recover long pending dues from their customers may approach the MSME department to take action against them. Following process […]
Half-yearly return with the registrar in respect of outstanding payments to Micro or Small Enterprise Q.1 Form for filing the return in respect of outstanding payments to Micro or Small Enterprise? Ans: MSME Form I Q.2 What is the frequency of Reporting? Ans: Half Yearly Q.3 What is the Last Date of Filing the return? […]
Micro and Small Enterprises Facilitation Councils (MSEFCs) have been set up in all States/ UTs to resolve the delayed payments cases by way of conciliation and / or arbitration as per the provisions of the Micro, Small & Medium Enterprises Development Act, 2006.
The introduction of MSME-1 is another initiative by the present government to strengthen the micro and small enterprises by prescribing a mandatory filing regime twice a year by their large customers.
MSME or SME sector is seen as the backbone of Indian economy. It works at the ground level to uplift the class of the masses. And hence it is an important factor driving the economy of the nation. In this post we will take a look at the process of procuring MSME license and the […]
1. The Last date of filing MSME-1 for the half year ended 31st March 2020 (October 2019- March 2020) is 30th April 2020 unless extended by MCA considering present prevailing situations. This is applicable to all specified companies. 2. NIL returns not required to be filed as the form MSME-1 will not capture “ ZERO” […]
SMEs face a number of problems on a day-to-day basis. The internal and external issues that keep arising hinder the working of the organization which ultimately has an adverse effect on the financial aspect of the business. In the previous blog posts, we have explored a number of topics pertaining to SMEs – MSME license, […]
