MSME Registration

Tender Reservation for MSE under Single Point Registration Scheme (SPRS)

National Small Industries Corporation (“NSIC”) is an enterprise owned and controlled by the Government of India under its department of  Ministry of Micro, Small and Medium Enterprises (“MSMEs”) assures preparation and implementation of policies required for the growth and development of Small…

Debt Restructuring Scheme for MSME

For Promotion & Development of Micro Small & Medium Enterprises (“MSMEs”) entities, the government is keeping wheels of the economy moving. The MSME sector is among the largest employment generation sector, which also accounts for 31 to 45% of the…

How Does MSME Registration Help a Start-up Company

On a broader aspect, not all start-ups survive long. Some of them lack in planning the right structure of business while most of them collapse due to irregular fund sources. In spite of several schemes and initiatives by the government,…

Recent policy decisions for MSMEs

Termed as the engine of growth, the MSME sector has a greater role to play for comprehensive development of the economy. Adding employment, wealth and economic stability to the country, the sector cognizes as a crucial spot for government to…

Is MSME Registration relevant for Service Sector?

Working on a global network, the Indian service sector contributes about 75% of the total world GDP. Parallel to other world economies, the sector not only brings large scale employment opportunities but also great investment sops for the country. Service…

Is Cancelation of Udyog Aadhaar Required on Closure of Business?

Application of Udyog Aadhaar is mandatory for all entities working as MSMEs, without Udyog Aadhaar no entity shall be eligible for availing benefits introduced by the government for MSMEs. Udyog Aadhaar simplifies regulatory procedures for MSMEs whether it related to…

Is GST Mandatory for Registered MSME?

GST (Goods and Service Tax) is a composite tax which subsumes all major taxes of economy. With launch of GST, each entrepreneur whether big or small has was to deal with GST taking in all major and minor business transactions….

Difference between Micro, Small & Medium Enterprises and their Validity

Some cultures around the world define micro, small and medium enterprises with fancy terms and language but in developing countries like India, it means survival for many families. Let us discuss these three enterprises individually to get a better understanding….

What’s in Budget for MSME’s. Tax Relief and other Benefits.

While subjecting major reliefs to rural and infrastructure provisions, corporate sector is bound to get a short of space in  union budget FY17. Keeping business sector at hold, govt major concessions to this year budget ended up with making some…

Difference Between Micro and Small Enterprises

Micro and Small Enterprises (MSME) Micro and Small Enterprises ·  Easy finance availability from bank etc Without collateral requirement. · Protection against delay in payment from buyer & right of interest on delayed payment. · Preference in providing government tender. · Stamp…