TDS Rate & Applicability on Various Things
MSMI Registration and Benifits
What are Micro, Small and Medium Enterprise? The existing MSME classification was based on the criteria of investment in plant and machinery or equipment. So, to enjoy the MSME benefits, the MSMEs have to limit their investment to a lower limit, as mentioned below: Existing MSME Classification Sector Criteria Micro Small Medium Manufacturing Investment < Rs.25 lakh < Rs.5 crore < Rs.10 crore Services Investment < Rs.10 lakh < Rs.2 crore < Rs.5 crore These lower limits are killing the urge to grow as they are unable to scale their businesses further. Also, there has been a long-pending demand for the revision of MSME classification so that they can further expand their operations while continuing to avail the MSME benefits. Now, under the Aatmanirbhar Bharat Abhiyan (ABA), the government revised the MSME classification* by inserting composite criteria of both investment and annual turnover. Also, the distinction between the manufactu
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