In June month of 2017, the government took away the status of MSME from about 8 crores wholesale as well as retail traders. Now, the Confederation of All India Traders (CAIT) has come forward and demanded the restoration of taken Micro, Small & Medium Enterprise (MSME) status from these traders who are part of the … Read more
According to estimates, India’s GDP is expected to grow over the next few years considerably. The government is also extensively focussing on its ‘Make in India’ initiative promoting domestic manufacturing. As such, MSMEs in India is poised to witness an expansion. In turn, this will lead to a rise in the demand for digital services. … Read more
GSTIN became one of the mandatory requirements for registration on the portal on April 1, 2021, as announced on November 26, 2020. Therefore, several MSME organizations reported that the requirement of a GSTIN is affecting the registration process. To resolve this, the Government announced the excellent news of simplified MSME Udyam registration. In this article, … Read more
Budget Finance Minister Nirmala Sitharaman announced Union Budget 2021-22 on the 1st of February, 2021. This Budget assumes enormous importance and effective as it comes amid the novel coronavirus pandemic, which has led to massive economic disruption in India and around the world. In this article, we will discuss on Union Budget 2021 and its … Read more
The Finance Minister has announced the new schemes and incentives to boost MSME sector also raised the bar of expectation of all the taxpayers including Micro, Small and Medium Enterprises(MSME). In this article, we will discuss the Budget 2021 Expectations For MSME. Budget 2021 Expectations For MSME The Finance Minister has brought up with the … Read more
Today’s world is all about how easily one can get what they need. we can get anything transmitted to our doorstep by placing an online order on an e-commerce website. Flipkart, Amazon, Snapdeal, Alibaba, Big Basket, Myntra, etc. One of India’s upscale e-commerce sites today is Flipkart. This platform proposes entrepreneurs with great opportunities to … Read more
The Finance Minister Nirmala Sitharaman announced the new measures under the new Aatmanirbhar Bharat 3.0 stimulus package worth Rs 2.65 lakh crore to promote the Indian economy amid the ongoing COVID-19 pandemic. Let’s Understand the Notification in detail- Aatmanirbhar Bharat 3.0 Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman has announced the essential … Read more
OPC and Private Limited Company are two various business structures governed by the Companies Act. The concept of One Person Company promotes single and passionate entrepreneurs to operate their venture. However, Private Limited Company needs two persons to incorporate the company. In this article, we will explain the difference Private Limited Company and OPC from … Read more
The Central Government has issued the notifications for extensions of Emergency credit line guarantee scheme for MSME sector. Let’s summaries the Notifications issued:- The Central government has declared the notification to extend the Rs 3 lakh crore-Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector beyond October even though the sanctioned amount so far … Read more
Recent Notification issued by the Government of India notified on new eligibility, and guidelines for Udyam Registration for Micro Small & Medium Enterprises(MSME). Every business has to obtain GST registration and file Income tax return on or before 31st march 2021 to sustain the validity of the MSME Certificate. According to the Government’s revised guidelines, MSME is now placed under the … Read more