MSME Ready Reckoner

by Taxmann

MSME Ready Reckoner

by Taxmann

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Contents

Micro Enterprises ReckonerI-11
Small Enterprises Reckoner I-15
Medium Enterprises Reckoner I-19
MSME Reckoner 1 - Turnover-limit linked compliances/exemptions for a private companyI-23
MSME Reckoner 2 - Turnover-limit linked compliances/exemptions for MSME which is a limited liability partnershipI-29
MSME Reckoner 3 - Turnover-limit linked compliances/exemptions for MSME which is a traditional/general partnership firm I-37
MSME Reckoner 4 - Turnover-limit linked compliances/exemptions for MSME which is individual/HUF I-45
MSME Reckoner 5 - Turnover-limit linked compliances/exemptions for MSME which is a Public CompanyI-55

DIVISION ONE

MSMEs - DEFINITION, CLASSIFICATION AND REGISTRATION

Chapter 1 What is the new definition of “Micro Enterprises”, “Small Enterprises” and “Medium Enterprises”?3
Chapter 2 How to compute the investment? 24
Chapter 3 How to compute turnover46
Chapter 4 Classification of MSMEs based on new composite criteria(with illustrations and case studies)51
Chapter 5 Udyam Registration - How to file Udyam Registration55
Chapter 5A MSME Formalization : Udyam Assist Platform82
Chapter 6 How and when MSMEs will be reclassified88
Chapter 7 What is ‘manufacturing’/‘production’ MSME and what is ‘service MSME’? 91

DIVISION TWO

BENEFITS TO REGISTERED MSMEs

Chapter 7A Benefits from MSME Fund 113
Chapter 8What are the benefits available to registered MSMEs under MSMED Act in respect of protection/remedies against delayed payments by buyers116
Chapter 9 Factoring & TReDS - Trade Receivables Discounting System185
Chapter 10 What other benefits available to registered MSME under Central Schemes? 192
Chapter 11 Relief for MSMEs from forfeiture of bid/performance security for non-performance of contract during COVID period 256
Chapter 11A Vivad se Vishwas II - Settling Contractual Disputes263
Chapter 11B Entity Digital Locker274
Chapter 11C Skill India Digital Platform 275
Chapter 12 Pre-packaged insolvency resolution process for MSMEs who are corporate (i.e. Companies/LLPs)276

DIVISION THREE

BENEFITS TO SMALL BUSINESSES, WHETHER REGISTERED MSMEs OR NOT

Chapter 13 Benefits available to small businesses under the Income-tax Act, 1961 313
Chapter 14 Exemption from compulsory tax audit to micro enterprises 321
Chapter 16 Concessional rate of tax for SME companies without foregoing any exemptions331
Chapter 17 Relaxations in compliances to small companies under Companies Act, 2013 333
Chapter 18 MUDRA Scheme - Funding the Non-Corporate Small Business Sector (NCSBS)341
Chapter 19 PM Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi) : A Special Micro-Credit facility for Street Vendors 351
Chapter 20 59 Minutes online loan approval for MSMEs 356

DIVISION FOUR

LEGAL FORMS OF ORGANISATION MSMEs CAN ADOPT AND PROS AND CONS OF CHOICE OF VARIOUS LEGAL FORMS

Chapter 21 What legal forms of organisations can MSMEs adopt393
Chapter 22 Sole proprietorship 395
Chapter 23 Traditional/General Partnership/Partnership Firm 397
Chapter 24 Limited Liability Partnership (LLP) 404
Chapter 25 Companies 410
Chapter 26 Hindu Undivided Family425

DIVISION FIVE

MICRO ENTERPRISES

Chapter 27 Definition of micro enterprises431
Chapter 28 Legal forms of organisation that are suitable for micro enterprises432
Chapter 29 Registration as micro enterprise434

DIVISION SIX

SMALL ENTERPRISES

Chapter 30 Definition of small enterprises439
Chapter 31 Legal forms of organisation that is suitable for small enterprises 440
Chapter 32 Registration as small enterprise 442

DIVISION SEVEN

MEDIUM ENTERPRISES

Chapter 33 Definition of medium enterprises447
Chapter 34 Legal forms of organisation that is suitable for medium enterprises 448
Chapter 35 Registration as medium enterprise450

DIVISION EIGHT

START-UP

Chapter 36 Definition of Start-up 455
Chapter 37 Benefits to DPIIT - Recognised start-ups under start-up India Scheme472

APPENDICES

About the Author

Taxmann

Taxmann Publications has a dedicated
in-house Research & Editorial Team. This team consists of Chartered
Accountants, Company Secretaries, and Lawyers. This team works under the
guidance and supervision of Editor-In-Chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and
accurate content for the readers. The team follows the six-sigma approach to
achieve the benchmark of zero error in our publications and research platform.
The team ensures that the following publication guidelines are thoroughly
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MSME Ready Reckoner
Publisher: Taxmann
Pages: 570
Language: Hindi
ISBN: 9789357782647
1595
Price Inclusive of Delivery Charges
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APPENDIX 1 : COVID-19 RELIEF MEASURES ANNOUNCED ON 27-03-2020479
APPENDIX 2 : COVID-19 RELIEF MEASURES ANNOUNCED BYRBI ON 17-04-2020481
APPENDIX 3 : MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT, 2006485
APPENDIX 4 : NEW MSME NOTIFICATION (NMN)500
APPENDIX 5 : INCLUSION OF WHOLESALE TRADE AND RETAIL TRADE IN MSMEs 505
APPENDIX 6 : OFFICE MEMORANDUM REGARDING ACTIVITIES NOT ELIGIBLE FOR MSMEs REGISTRATION506
APPENDIX 7 : EXTENSION OF OM NO. UAM/MC/01/2017-SME, DATED 27-07-2017 TO UDYAM REGISTRATION507
APPENDIX 8 : ACTIVITIES (NIC CODES) NOT COVERED UNDER MSMED ACT, 2006 FOR REGISTRATION OF UDYOG AADHAAR MEMORANDUM (UAM) 508
APPENDIX 9 : RELEVANT TEXT OF SECTION 43B(h) OF INCOME-TAX ACT, 1961510