Skip to main content

MICRO, SMALL & MEDIUM ENTERPRISES AND COVERAGE UNDER THE ACT

(Under Micro, Small & Medium Enterprises Development (MSMED) Act, 2006)

Manufacturing Enterprises
Enterprises engaged in the manufacture or production of goods pertaining to any industry specified in the first schedule to the industries (Development and regulation) Act, 1951) or employing plant and machinery in the process of value addition to the final product having a distinct name or character or use. The Manufacturing Enterprise are defined in terms of investment in Plant & Machinery.

Service Enterprises:
The enterprises engaged in providing or rendering of services and are defined in terms of investment in equipment.

Investment in Plant & Machinery
Manufacturing Sector
Service Sector
Micro Enterprises
0-25 Lakhs
0-25 Lakhs
Small Enterprises
25 Lakhs - 5 Crores
25 Lakhs - 5 Crores
Medium Enterprises
5 Crores - 10 Crores
5 Crores - 10 Crores

Major Industry groups in Small Scale Sector

1.       Food Products
2.       Chemical & Chemical Products
3.       Basic Metal Industries
4.       Metal Products
5.       Electrical Machinery & Parts
6.       Rubber & Plastic Products
7.       Machinery & Parts Except Elecetrical goods
8.       Hosiery & Garments - Wood Products
9.       Non-metallic Mineral Products
10.   Paper Products & Printing
11.   Transport Equipments & Parts
12.   Leather & Leather Products
13.   Miscellaneous Manufacturing Industries
14.   Other Services & Products
15.   Beverages, Tobacco & Tobacco Products
16.   Repair Services
17.   Cotton Textiles
18.   Wool, Silk, Synthetic Fibre Textiles
19.   Jute, Hemp and Mesta Textiles

20.   Other Services

Comments

Popular posts from this blog

Co-working Space for Startups in India | Founders Cube

FAQ ON COMPANIES FRESH START SCHEME, 2020 (CFSS-2020) In order to give an opportunity to the defaulting companies to enable them to file the belated documents in the MCA-21 registry, the Central Government in exercise of powers conferred under section 460 read with section 403 of the Companies Act, 2013 has introduced a Scheme namely, Companies Fresh Start Scheme, 2020 (CFSS 2020). The Scheme allows the defaulting companies to condone the delay in filing       Annual return and annual accounts     Various other statements, documents, return etc In so far as it relates to charging of additional fee and granting of immunity from launching of prosecution or proceedings for imposing penalty on account of delay associated with these filings. The scheme also allows the inactive companies to file a simple application with normal fees to get their companies declared as “Dormant Company” under section 455 of the Companies Act, 2013. Q1. Is companies Fresh start

STEP BY STEP GUIDE ON HOW TO FILE GST RETRURN-3B

1.  After login, select Return Dashboard 2. Select Financial Year 2017-18 and Month July. Click Search and Select              GSTR-3B 3.  Declare your liabilities and ITC claims in Section 3.1 and 4 respectively   by clicking on the tiles and furnishing the required information. Transitional ITC cannot be claimed in GSTR3B. It can be claimed only through TRANS 1 and TRANS 2. 4 . Enter details of interest, if payable, in Section 5.1. Late fee will be computed by the system 5. Click on Save GSTR-3B button. After you save the data, Submit button will get enabled. Please note that after submit, no modification is possible. Hence ensure that details are filled correctly before clicking on Submit button. 6. On clicking Submit GSTR-3 Bbutton , System will post (debit) the self –assessed liabilities including system generated late fee in Liability Register and credit the claimed ITC into ITC ledger. 7 After this the Payment of Tax tile will be enabled, please click it and dec