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 as under:
Enterprises engaged within the manufacture or production, processing or preservation of
products as specified below:
In case of the above enterprises, investment in plant and machinery is that the original cost
excluding land and building and therefore the items specified by the Ministry of Small Scale
Industries wise its notification No.S.O.1722(E) dated October 5, 2006 .
Enterprises engaged in providing or rendering of services and whose investment in equipment
(original cost excluding land and building and furniture, fittings and other
items indirectly associated with the service rendered or as could also be notified under the
MSMED Act, 2006 are specified below.
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Higher creditability-MSME registered units get higher preference as compared to non-registered
Lower rate of Interest-the bank loans become less than interest on regular loans.
Tax Rebate-There are various tax rebates offered to MSME.
MAT credit utilized enhanced– It also allowed credit for minimum alternate tax (MAT) to be
carried forward for up to fifteen years rather than 10 years
Opportunities like apply to government tenders etc.
Required Document List for MSME REGISTRATION is as below:
Costing and Timeline
Below are the costing and timeline for MSME REGISTRATION Authorization:
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