Micro Small & Medium Enterprises ('MSME') Ready Reckoner is a comprehensive book on laws governing MSMEs in India. It analyses all the provisions of the MSME Act, 2006 in an easy-to-read FAQ format, along with relevant Circulars & Notifications, illustrations, case studies, etc.
This book is a handy referencer for MSMEs and professionals associated with the MSME sector.
This book is divided into eight divisions, namely:
- MSMEs – Definition, Classification and Registration
- Benefits to Registered MSMEs
- Benefits to small businesses, whether registered MSMEs or not
- Legal forms of organisation MSME can adopt and pros & cons of choice of various legal forms
- Micro Enterprises
- Small Enterprises
- Medium Enterprises
- Start-Ups
The Present Publication is the 4th Edition and has been amended by the Finance Act 2023. This book is authored by Taxmann's Editorial Board, with the following noteworthy features:
- [New Definitions & Classification of MSMEs] into Micro, Small and Medium enterprises based on composite criteria of investment and turnover
- [Investment] How to Compute Investment
- [Turnover] How to Compute Turnover
- [Udyam Registration] How to file Udyam Registration
- [Udyam Assist Registration] for informal micro enterprises
- [Promotion of Timely Payments by Buyers to Micro/Small Enterprises] u/s 43B(h) of the Income-tax Act, 1961 is included in this book
- [Vivad Se Vishwas I] scheme for providing reliefs to MSMEs from performance/bid security for non-performance of government contracts during COVID-19
- [Central Government Schemes] for MSMEs
- [Pre-Pack Insolvency Resolution Process] for debt-stressed corporate MSMEs
- [Time-Bound Recovery of Dues by Micro and Small Enterprises through Samadhan Portal] including the recent Supreme Court decision interpreting Chapter V of the MSMED Act
- [Online Loan Approval in 59 Minutes] for MSMEs
- [MUDRA Scheme] for funding the Non-corporate Small Business Sector (NCSBS)
- [TreDS] Trade Receivables Discounting System
- [Ready Reckoner(s)] (subject-wise practical guide) for the following:
- Micro Enterprises
- Small Enterprises
- Medium Enterprises
- [MSME Reckoner on Turnover-Limit Linked Compliances/Exemptions] for the following:
- Private Company
- Limited Liability Partnerships
- Tradition/General Partnership Firms
- HUFs/Individuals
- Public Company
The detailed contents of this book are as follows:
- MSMEs – Definition, Classification and Registration
- What is the new definition of 'Micro Enterprises', 'Small Enterprises' and 'Medium Enterprises'?
- How to compute the investment?
- How to compute turnover
- Classification of MSMEs based on new composite criteria (with illustrations and case studies)
- Udyam Registration – How to file Udyam Registration
- MSME Formalisation – Udyam Assist Portal
- How and when MSMEs will be reclassified
- What is 'manufacturing' or 'production' MSME, and what is 'service MSME'?
- Benefits to Registered MSMEs
- Benefits from MSME Fund
- What are the benefits available to registered MSMEs under the MSMED Act in respect of protection/remedies against delayed payments by buyers
- Factoring & TReDS – Trade Receivables Discounting System
- What are other benefits available to registered MSMEs under Central Schemes?
- Relief for MSMEs from forfeiture of bid/performance security for non-performance of contract during the COVID period
- Vivad se Vishwas II – Settling Contractual Disputes
- Entity Digital Locker
- Skill India Digital Platform
- Pre-packaged insolvency resolution process for MSMEs who are corporate (i.e., Companies/LLPs)
- Benefits to Small Businesses, whether Registered MSMEs or not
- Benefits available to Small Businesses under the Income-tax Act, 1961
- Exemption from compulsory tax audit to micro-enterprises
- Low tax rate without exemption regime applicable to companies irrespective of size
- Concessional rate of tax for SME companies without foregoing any exemptions
- Relaxations in compliance to small companies under the Companies Act, 2013
- MUDRA Scheme – Funding the Non-Corporate Small Business Sector (NCSBS)
- PM Street Vendor's Atma Nirbhar Nidhi (PM SVANidhi): A Special Micro-Credit facility for Street Vendors
- 59 Minutes online loan approval for MSMEs
- Legal Forms of Organisation MSMEs Can Adopt and Pros and Cons of Choice of Various Legal Forms
- What legal forms of organisations can MSMEs adopt
- Sole proprietorship
- Traditional/General Partnership/Partnership Firm
- Limited Liability Partnership (LLP)
- Companies
- Hindu Undivided Family
- Micro Enterprises
- Definition of micro-enterprises
- Legal forms of organisation that are suitable for micro-enterprises
- Registration as a micro-enterprise
- Small Enterprises
- Definition of small enterprises
- Legal forms of organisation that are suitable for small enterprises
- Registration as a small enterprise
- Medium Enterprises
- Definition of medium enterprises
- Legal forms of organisation that are suitable for medium enterprises
- Registration as a medium enterprise
- Start-Ups
- Definition of Start-up
- Benefits to DPIIT-recognised start-ups under Start-up India Scheme
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