In a significant update, the MSME Udyam Portal has rolled out an enhanced verification facility, eliminating the requirement for OTP entry. This strategic move aims to simplify the process of verifying Udyam Registration details, aligning
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The Ministry of Micro, Small, and Medium Enterprises (MSME) has appointed Narayan Tatu Rane as Chairperson-ex officio, Bhanu Pratap Singh Verma as Vice Chairperson of National Board for MSME. The government empowered under clause (a)
The Ministry of Micro, Small, and Medium Enterprises (MSME) has notified the extension of the date of validation of existing registered enterprises under MSME till March 31, 2022. In exercise of the powers conferred by
The MSME sector hopes for enhanced availability of credit, increased funding channels. The MSME sector constituted around 29.15 per cent of the country’s GDP in 2021-22. The sector stressed on the need for a balanced
This article discusses the amendment to the Income Tax Act that impacts how certain deductions are calculated for payments made to micro and small enterprises ( MSMEs ) and its impact on the payments made
The Ministry of Micro, Small, and Medium Enterprises (MSME) notified that GSTIN is not Mandatory for MSME Udyam Registration. The Central Government amended in the notification of Government of India, Ministry of Micro, Small and
The Institute of Chartered Accountants of India ( ICAI ) has launched the MSME Mentorship Programme & 100 Facilitation Centre. With the growth of the Indian economy and employment generation capabilities, the Micro, Small, and
The Minister for Road Transport & Highways and Micro, Small and Medium Enterprises(MSME), Shri Nitin Gadkari announced simplification of the process for registration of Micro, Small and Medium Enterprises. Addressing a webinar of SME Street
The ICAI President CA Nihar Jambusaria said that, Accounting Standards issued by the Institute of Chartered Accountants of India ( ICAI ) are applicable to Non-company entities to whom Ind AS are not applicable. For
Background: The Micro, Small, and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over quite a few years. The sector has played a crucial role in
The Goods and Service Tax Networks (GSTN) has invited interested and qualified companies to become E-Invoice Registration Partner (IRP), the registrations for which are open till January 15, 2022. The basic eligibility criteria is that
The amendment to Section 43B of the Income Tax Act, 1961, through the Finance Act of 2023, brings forth crucial changes with the addition of clause (h). This amendment aims to streamline payments to micro
Companies engaging with micro and small enterprises ( MSEs ) are reminded of their obligation to adhere to reporting guidelines outlined in Form MSME-1. This requirement applies to companies whose payments for goods or services
On March 5, a conference organized by various Micro, Small, and Medium Enterprises ( MSME ) associations was held in Coimbatore, Tamil Nadu, where attendees demanded that the union and state governments safeguard industries from
