Description
Taxmann Publications MSME Ready Reckoner 2nd Edition 2021 by Taxmann
Micro Small & Medium Enterprises (‘MSME’) Ready Reckoner is a comprehensive book on laws governing MSMEs in India. It provides an analysis of all the provisions of the MSME Act, 2006, along with relevant Circulars & Notifications, illustrations, case studies, etc. This book is divided into eights divisions, namely:
MSMEs – Definition, Classification and Registration
Benefits to Registered MSMEs
Benefits to Small Businesses, whether Registered MSMEs or not
Legal Forms of Organisation MSMEs Can Adopt and Pros and Cons of Choice of various Legal Forms
Micro Enterprises
Small Enterprises
Medium Enterprises
Start-Ups
The Present Publication is the 2nd Edition, authored by Taxmann’s Editorial Board and amended up to 2nd July 2021. The noteworthy features of the book are as follows:
Ready Reckoner (subject-wise practical guide) for the following:
Micro Enterprises
Small Enterprises
Medium Enterprises
MSME Reckoner on Turnover-Limit Linked Compliances/Exemptions for the following:
Private Company
Limited Liability Partnerships
Tradition/General Partnership Firms/HUFs/Individuals
Coverage of COVID-19 Relief Packages, such as:
Guaranteed Emergency Credit Line (GECL Scheme)
Loan Guarantee Scheme for COVID affected Sectors (LGSCAS)
Emergency Credit Lime Guarantee Scheme (ECLGS)
Credit Guarantee Scheme for MFIs (CGSMFI)
The detailed contents of this book are as follows:
MSMEs – Definition, Classification and Registration
What is the new definition of ‘Micro Enterprises’, ‘Small Enterprises’ and ‘Medium Enterprises’?
How to compute the investment?
How to compute turnover
Classification of MSMEs based on new composite criteria (with illustrations and case studies)
Udyam Registration – How to file Udyam Registration
How and when MSMEs will be reclassified
What is ‘manufacturing’/‘production’ MSME, and what is ‘service MSME’?
Benefits to Registered MSMEs
What are the benefits available to registered MSMEs under the MSMED Act in respect of protection/remedies against delayed payments by buyers
TReDS – Trade Receivables Discounting System
Public Procurement Policy
What are other benefits available to registered MSME under Central Schemes?
Distressed Asset Fund - Subordinated Debt for Stressed MSMEs (DAF-SDSM)/Credit Guarantee Scheme for Subordinate Debt (CGSSD)
Benefits to Small Businesses, whether Registered MSMEs or not
Benefits available to Small Businesses under the Income-tax Act, 1961
Presumptive Tax Regime available under Income-tax Act to businesses which are micro-enterprises
Presumptive Tax Regime available under Income-tax Act to micro professional enterprises
Exemption from compulsory tax audit to micro-enterprises
Low tax rate without exemption regime applicable to companies irrespective of size
Concessional rate of tax for SME companies without foregoing any exemptions
Relaxations in compliances to small companies under Companies Act, 2013
Relaxations in compliances to small companies due to COVID-19 outbreak
MUDRA Scheme - Funding the Non-Corporate Small Business Sector (NCSBS)
PM Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi): A Special Micro-Credit facility for Street Vendors
Guaranteed Emergency Credit Line (GECL Scheme) (as clarified by NCGTC and PIB’s Press release, dated 28-6-2021)
59 Minutes online loan approval for MSMEs
Legal Forms of Organisation MSMEs Can Adopt and Pros and Cons of Choice of various Legal Forms
What legal forms of organisations can MSMEs adopt
Sole proprietorship
Traditional/General Partnership/Partnership Firm
Limited Liability Partnership (LLP)
Companies
Hindu Undivided Family
Micro Enterprises
Definition of micro-enterprises
Legal forms of organisation that are suitable for micro-enterprises
Registration as a micro-enterprise
Small Enterprises
Definition of small enterprises
Legal forms of organisation that are suitable for small enterprises
Registration as a small enterprise
Medium Enterprises
Definition of medium enterprises
Legal forms of organisation that are suitable for medium enterprises
Registration as medium enterprise
Start-Ups
Definition of Start-up
Benefits to DPIIT-recognised start-ups under Start-up India Scheme