Whether SSI and MSME is same or not?
If they not same what is difference between them?
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 27 April 2018
Yes same, but catagorized in accordance with the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006
There are three slabs which are prescribed under MSME Act to define an enterprise:
| No. | Type of Enterprise | Manufacturing Enterprises (Investment in Plant and Machinery) |
Service Industry (Investment in equipment) |
| 1. | Micro | Does not exceed Rs. 25 Lakh | Does not exceed Rs. 10 Lakh |
| 2. | Small | Exceeds Rs. 25 Lakh but does not exceed Rs. 5 Crore | Exceeds Rs. 25 Lakh but does not exceed Rs. 2 Crore |
| 3. | Medium | Exceeds Rs. 5 Crore but does not exceed Rs. 10 Crore | Exceeds Rs. 2 Crore but does not exceed Rs. 5 Crore |
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 27 April 2018
Most Welcome, Dear .....
Recent Topics
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
- Rectification to decrease income in SCHEDULE OS
Related Threads
CAclubindia
