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Archive for July, 2020

MSME new classification criteria and benefits of registration

Central Government has issued MSME Notification¬†on 26-Jun-2020 laying down new criteria for classifying enterprises as micro, small and medium enterprises.¬† Following are the composite criteria of investment and turnover for classification: Micro Enterprise: where the investment in plant and machinery or equipment does not exceed Rs.1 Cr and turnover does not exceed Rs.5 Cr. Small […]