MSME in India MSME stands for Micro, Small, and Medium Enterprises in India, MSMEs play a crucial role in the country’s economic growth and employment generation. The Government of India recognizes the importance of MSMEs and has implemented various policies and programs to support their development and growth. MSMEs are categorized according to their capital… Read More »
Who should file an MSME Form-1 As per the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, all Micro, Small, and Medium Enterprises (MSMEs) require to file an MSME Form-1. This form is also known as the Udyam Registration Form. The Udyam Registration is a one-time registration process that require for all existing… Read More »
Is GST registration mandatory for MSME GST registration mandatory for (MSME)Micro, Small, and Medium Enterprises (MSMEs) if their aggregate turnover exceeds Rs. 40 lakhs (for goods suppliers) or Rs. 20 lakhs (for service providers). However, in some states, the threshold limit for GST registration for goods suppliers has been increased to Rs. 75 lakhs. To… Read More »
