Description
Taxmann Publications MSME Ready Reckoner 3rd Edition 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 in an easy-to-read FAQ format, along with relevant Circulars & Notifications, illustrations, case studies, etc.
This book is a handy referencer for MSMEs and professionals associated with the MSME sector.
This book is divided into eight divisions, namely:
MSMEs – Definition, Classification and Registration
Benefits to Registered MSMEs
Benefits to small businesses, whether registered MSMEs or not
Legal forms of organisation MSME can adopt and pros & cons of choice of various legal forms
Micro Enterprises
Small Enterprises
Medium Enterprises
Start-Ups
The Present Publication is the 3rd Edition, authored by Taxmann’s Editorial Board. The law stated in the book is amended up to 6th May 2022, with the following noteworthy features:
[Ready Reckoner(s)] (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
Public Company
Limited Liability Partnerships
Tradition/General Partnership Firms
HUFs/Individuals
[Draft National Policy] for MSMEs in India
[Udyam Registration] How to file Udyam Registration
[Benefits available for Registered MSMEs under MSMED Act] in respect of the following for delayed payment by buyers:
Protection
Remedies
[TreDS] Trade Receivables Discounting System
Benefits from MSME Fund
[Pre-Packaged Insolvency Resolution Process] for debt stressed corporate MSMEs
Public Procurement Policy
[Central Government Schemes] for MSMEs
[MUDRA Scheme] for funding the Non-corporate Small Business Sector (NCSBS)
[Online Loan Approval in 59 Minutes] for MSMEs
[Guaranteed Emergency Credit Line (GECL)] for MSMEs
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’ or ‘production’ MSME, and what is ‘service MSME’?
Benefits to Registered MSMEs
Benefits from MSME Fund
What are the benefits available to registered MSMEs under the MSMED Act in respect of protection/remedies against delayed payments by buyers
Factoring & TReDS – Trade Receivables Discounting System
What are other benefits available to registered MSMEs under Central Schemes?
Distressed Asset Fund – Subordinated Debt for Stressed MSMEs (DAF-SDSM)/Credit Guarantee Scheme for Subordinate Debt (CGSSD)
The pre-packaged insolvency resolution process for MSMEs who are corporate (i.e., Companies/LLPs)
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 the Companies Act, 2013
Relaxations in compliances to small companies due to the 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
Emergency credit line guarantee scheme of Rs. 4.5 lakh crore
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 a medium enterprise
Start-Ups
Definition of Start-up
Benefits to DPIIT-recognised start-ups under Start-up India Scheme