MSME confusion
This query is : Resolved
30 May 2020
Dear Experts,
We are manufacturer, our investment in Plant & Machinery is around 12 Cr.
But our Turnover in last year 2019-20 was 245 Cr. We are in confusion that
in which category we will fall? Either medium or large? Someone says "Medium"
and someone says "Large".
Please suggest to help me.
Rakesh Sharma
We are manufacturer, our investment in Plant & Machinery is around 12 Cr.
But our Turnover in last year 2019-20 was 245 Cr. We are in confusion that
in which category we will fall? Either medium or large? Someone says "Medium"
and someone says "Large".
Please suggest to help me.
Rakesh Sharma
30 May 2020
For MEDIUM , the condition is Investment < 20 cr AND Turnover < 100 cr. Here, turnover exceeded the limit. Hence, the classification is LARGE.
31 May 2020
Thanks a lot for your valuable reply Sir.
But Sir, there is also a confusion that if Investment is 4.9 Cr. (condition for small)
and Turnover is 90 Cr.(condition for Medium), then what will be our Category?
I humble request you to kindly suggest.
Rakesh Sharma
But Sir, there is also a confusion that if Investment is 4.9 Cr. (condition for small)
and Turnover is 90 Cr.(condition for Medium), then what will be our Category?
I humble request you to kindly suggest.
Rakesh Sharma
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
