Gupta Saurabh & Co. Blog http://www.gsandco.in/blog/ Latest Products Thu, 05 Aug 2021 07:38:43 +0530 en-us http://www.gsandco.in New guidelines on MSMEs including registration http://www.gsandco.in/blog/new-guidelines-on-msmes-including-registration_9941.htm Fri, 15 Jan 2021 12:19:06 +0530 <p>Ministry of Micro, Small and Medium Enterprises vide notification dated 26th June, 2020 has issued new guidelines on MSMEs. https://msme.gov.in/whatsnew/gazette-india</p> <p> </p> <p>Highlights are as follows:-</p> <p>1. New MSME Regsiration process would be called as Udyam Registration</p> <p>2. All existing enterprises registered under Udyog Aadhar Memorandum, shall be required to submit the required information on Udyam Registration portal for registation as per new criteria on or after 01.07.2020.</p> <p>3. Classification of Enterprises</p> <p>Micro enterprises – Investment in P&M upto Rs 1 cr & Turnover upto Rs 5 cr</p> <p>Small enterprises – Investment in P&M upto Rs 10 cr & Turnover upto Rs 50 cr</p> <p>Medium enterprises – Investment in P&M upto Rs 50 cr & Turnover upto Rs 250 cr</p> <p>Export of Goods and Service will be excluding will computing Turnover.</p> <p>4. Information of Turnover will be linked to IT Act or GST Act</p> <p>5. Registration Process for new enterprises;</p> <p>6. Effective date will be 01.07.2020</p> <p>7. Facilitation and grievance redressal of enterprises</p> <p>The detailed Government circular can be accessed at <a href="https://msme.gov.in/sites/default/files/IndianGazzate_0.pdf">https://msme.gov.in/sites/default/files/IndianGazzate_0.pdf</a></p>