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Micro, Small And Medium Enterprises /

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Presentation on theme: "Micro, Small And Medium Enterprises /"— Presentation transcript:

1 Micro, Small And Medium Enterprises /
Small Scale Industry

2 INTRODUCTION TO MSME/SSI Reservation in Delayed Payment Act
MSME/SSI is only applicable on those enterprises which deals in Manufacturing and Service sector Easy Bank Loans Easy access to bank loans schemes and cheaper credit/overdraft facilities Tax Benefits Tax benefits in Indirect Taxation like Excise, Service. Upto 90 Lakhs exemption in some cases. Smooth Fund flow Procurer is legally obliged to pay dues within agreed date or 45 days. Government Schemes Under schemes like CGTMSE, Mudra Loan, loan upto 5 crore with the govt. guarantee can be raised. Reservation in Delayed Payment Act It assist MSME certificate holders to avoid penalties Exemption Applicants can avail exemption on their turnover if they fall under Small Scale

3 REQUIREMENTS FOR MSME/SSI
The MSME Act has divided the enterprise into two categories depending on: Enterprises engaged in the manufacture or production, processing or preservation of goods. Enterprises engaged in providing or rendering of services. The Enterprises are further sub-divided into Micro, Small and Medium by their investment in plant and machinery. Micro Small Medium Manufacturing Service 10 lakhs 2 Crores 5 Crores 25 lakhs 10 Crores

4 Following documents are required for MSME/SSI Registration
DOCUMENTS REQUIRED Following documents are required for MSME/SSI Registration Utility Bills or Rent Agreement or Registry Proof or House Tax Receipt Registered Office in India PAN Card Aadhar Card Cancelled Cheque in India

5 MSME/SSI COST BREAKWDOWN Break down includes all Govt. Fees + Taxes
Government Fees Rs 0 Professional Fees Rs 1,694 Goods & Services Tax Rs 305 Total Cost Rs 1,999

6 MSME/SSI Tax Compliance Timeline
If Previous year turnover is less than or equals to 4 Crore If Previous year turnover is more than 4 Crore Other than SSI unit in Current Year SSI units in the Current Year Option 2 Option 1 Not Avail Exemption Avail Exemption No Excise duty and Cenvat credit upto 1.5 Crore Pay Excise duty>1.5 Crore & Avail Cenvat credit Pay Excise duty on the whole amount and avail CC from the Beginning

7 MSME/SSI registration takes 1-2 working days in India
REGISTRATION TIME MSME/SSI registration takes 1-2 working days in India 2 Working Hours Documents Verification 1 Working Hours Days Udyog Aadhaar Generation 2 Working Hour Aadhaar Verification 1-2 Working Hour Dispatch Of Certificate

8 FREQUENTLY ASKED QUESTIONS
How does MSME Registration help in getting loans from the bank? MSME Certified enterprises are granted loan, credit and overdraft at subsidized rates compared to other enterprises. Is Udyog Aadhaar Number Mandatory For Online MSME Registration? Yes, Udyog Aadhaar is Mandatory for applying MSME Certification. Who Can Apply For MSME or SSI Registration? Any entrepreneur having valid Aadhaar Number can apply for MSME Registration.

9 CONTACT INFORMATION


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