The Micro & Small Enterprises shall apply on the prescribed application form (in duplicate) along-with requisite fee and documents to the Zonal/Branch/Sub Branch and Sub Office/Extension office of NSIC
The ISO 9001 is known to be one of the top standards for quality management systems and recognized globally for its efficiency with businesses.
Income received by any university or educational institution existing solely for educational purposes and not for purposes of profit, and which is wholly or substantially financed by the Government is fully exempt from tax
Prohibited use or application of income or property Of Charitable trust
Reverse charge means the liability to pay tax is on the recipient of supply of goods or services instead of the supplier of such goods or services in respect of notified categories of supply.
Permissible mode in which charitable trust / institution can deposit its receipt
Section 10(23C) exempts income received by any person on behalf of the university, or other educational institution or any hospital. Section 11 provides an exemption in respect of income derived from property held under trust wholly for charitable or religious purposes.The prior requirement for getting registration under section 80G is obtaining registration under Section 12A
It may be mentioned that certain provisions of the Act provide that an exempt entity may accept donations or certain sum for utilisation towards their objects or activities in respect of which the payer, being the donor, gets deduction in computation of his income.
Relief provided by Regulatory Authorities relevant till 30 June due to COVID 19
he MSME 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.