MSME
Devesh Purani & Associates is among the Top Tax Consultants in Vadodara, India, We, provide useful solutions to save you money on your Income Tax. Also, we have good experience related to MSME service in Vadodara and major cities of India. We understand the nitty-gritty Of Indian Taxation Law! We provide all our solutions based on the rules & regulatations set by the Government Authority.
MSME stands for Micro, Small and Medium Enterprises. The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is given below.
The Ministry of Micro, Small and Medium Enterprises, a branch of the Government of India, is the apex executive body for the formulation and administration of rules, regulations and laws relating to micro, small and medium enterprises in India.
Based on investment and turnover criteria a business falls in one of the three categories of Micro, Small or Medium.
Business will be placed in the next higher category if it crosses the specified ceiling limits for its current category in either of the criteria of investment or turnover, but no business will be placed in the lower category unless it falls below the ceiling limits specified for its present category in both criteria.
Consult Devesh Purani & Associates for all kind of Income Tax related Queries and Concerns. We provide quality and prompt service in Akota, Vadodara, Gujarat and other cities of India.
MSME Categoriesed as,
Following categorization is based on revised Classification applicable w.e.f 1st July 2020. Composite Criteria – Investment in Plant & Machinery/equipment and Annual Turnover.
M stands for Micro Enterprise. It is an enterprise where the investment in plant and machinery does not exceed Rs. 1 Crore & turnover less than Rs. 5 Crore is considered as Micro enterprise according to recent MSME guidelines.
S stands for Small Enterprise. It is an enterprise where the investment in plant and machinery is less than 10 Crore & turnover less than Rs. 50 Crore is considered a small enterprise according to recent MSME Guidelines.
ME stands for Medium Enterprise. It is an enterprise where the investment in plant and machinery is less than Rs. 50 crore & turnover less than Rs. 250 Crore is considered as Medium enterprise according to recent MSME guidelines..
MSME service in Vadodara and major cities of India
- Preparation & submission of application
- All Government dues
- Udyog Aadhaar Registration
- Obtaining MSME Certificate
Documents Required for MSME
- Name of Applicant (Authorised Director/ Partner/ Owner)
- Copy of PAN Card of Directors
- Address of Registered Office
- Passport Size Photograph of Directors
- Copy of Aadhaar Card of Authorised Person
- Name of Business (COI /LLP DEED/ Partnership Deed)
- PAN of Business
- Bank Account Number + IFSC Code / Cancelled Cheque
- Latestst or Last year ITR Filed Copy if Existing Business
- If New Business, Provide Declaration for Turnover and Investment in Plant & Machinery
- Trademark Copy, if you have
- Number of Employees
FAQ's
- Government tenders
- Import subsidy
- Ease in getting Approvals & Registrations
- Lower interest rates
- Tariff & Non-tariff tax subsidies
- Direct tax exemptions
- Benefits associated with government schemes
- Credit availability from the government
Devesh Purani & Associates can assist and provide all supports/queries related to MSME. We shall assist and help your organization to prepare MSME document lists, assist for apply and make the process easy and affordable.
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Devesh Purani & Associates is among the Top Tax Consultant in Vadodara, India and provides best Tax Planning services. A successful tax management strategy is essential, no matter what you’re working on or what your financial concerns may be. Getting the right advice upfront can make a significant difference to the end result.
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Our experience with Devesh Purani & Associates is awesome so far! They are very pro in terms of providing their valuable suggetions, guidance and proactive! They are perfect and we are highly recommending them for their any types of Financial, Taxation, GST or MSME related services!
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