Company Law : Recent ROC orders confirm that failure to file MSME Form 1 is no longer treated as a minor lapse. Non-filing leads to adjudication...
Company Law : The case clarifies that MSME-1 filing is triggered when payments to MSME suppliers exceed the 45-day limit. It emphasizes that eve...
Company Law : Companies that settle all MSME dues within 45 days are not required to file MSME Form 1 under original provisions. The rule focuse...
Corporate Law : Businesses often face loan rejections due to poor credit profiles despite strong operations. The article explains how credit repai...
Corporate Law : NSIC registration allows eligible MSMEs to access government tenders without paying EMD and tender fees, strengthening procurement...
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...
Before we understand and deep diving, let us first know what provision actually say on the above two Acts and how the breach of doctrine of unrichment happening….. Sec 15 of Micro, Small and Medium Enterprises Development Act, 2006 states on the Liability of buyer to make payment.- “Where any supplier, supplies any goods or […]
Explore the effectiveness of the MSME Act 2006 in tackling the issue of delayed payments. Discover how it has impacted the cash flow of the MSME sector.
An Amendment Act was brought by the Government to meet reducing the undue delay in the cases of dishonor of cheques and to provide payment of interim compensation to the complainants. The MSME’s in particular have been representing that due to delay tactics, easy filing of appeals and obtaining stay on proceedings, the very purpose of section 138 of the NI Act was being frustrated.
Press Information Bureau Government of India Ministry of Finance 23-July-2019 17:45 IST Loans sanctioned in 1,33,448 cases under 59-minutes Scheme to MSME Out of 2,00,660 applications submitted, 1,59,583 applications for loans on the psbloansin 59 minutes.com portal have been accorded in principle approval since the launch of the portal. Sanctions have been made in respect […]
Background & Benefits The ZED Certification will focus on MSMEs and small businesses. It will address the quality and ecological needs of domestic and overseas customers, society, employees, partners, regulators, and investors. VISION To enable the advancement of Indian industry to a position of eminence in the global marketplace and leverage India’s emergence as the […]
Monthly Reporting of Digital Payments by MSMEs- Benefits and Required Information In order to estimate Digital payment transactions in Micro, Small and Medium Enterprises, you are requested to furnish information about the Digital transactions made by your enterprise. The use of Digital transactions offers incentive in the form of cash back and discounts. Secondly,it’s use […]
What is Interest equalisation Scheme (IES): There are many benefits given to exporters, specially MSME sector exporters. One of the scheme is interest equalisation scheme (IES) or also known as interest subvention. This scheme was introduced with effect from 1st April 2015. This is a rebate of interest provided on pre and post shipment export credit […]
If you are MSME Registered Enterprise, then you can take action for non-payment of due amount along with Interest. The Government under MSMED Act, 2006 (Dealing with Delayed Payment) provides facility to MSME Registered Entities to file the case for non payment of due amount along with interest as per the provisions under MSMED Act, 2006.
Article contains Provisions applicable to a MSME related to GST Registration, Composition Levy Scheme, Input Tax Credit, Tax Invoice in GST, Exemption from Compulsory Audit by CA for MSME Sector, Returns in GST and Measures taken for the MSME Sector under GST. Article further contains Major Decisions of the GST Council related to MSME on […]
The registration has no statutory basis. Enterprise would normally get registered to avail some benefits, incentives or support given either by the central or state govt. benefit available under MSMED Act. Registration of micro, small and medium (MSM) enterprises under MSMED Act is a very powerful medium to enjoy the regime of incentives offered by […]
