Thread by @EASiTax

This is the best time for MSMEs to avail the benefit of the financial package to support their businesses, improve liquidity and achieve customer satisfaction. MSMEs are severely impacted due to this pandemic.
#MSME #AatmanirbharBharat #Easitax #financialfreedom
1/12

The government has announced a financial package to mitigate the economic distress being faced by these enterprises. And we are here to help!
#MSME #AatmanirbharBharat #Easitax #financialfreedom
2/12

Notification dated 26th June 2020 of MSMED Act, 2006 has changed the rules of MSME registration. Every business having udyog aadhaar shall update their details using the udyam registration form till 31st March 2021.

#MSME #AatmanirbharBharat #Easitax #financialfreedom
3/12

If the details are not updated the udyog aadhaar registration will be suspended.
For registration click the below link and fill your details.
forms.gle/iJo4QMabBNGN12…

#MSME #AatmanirbharBharat #Easitax #financialfreedom
4/12

MSME classification criteria set forth by the government?

Investments upto Rs. 20 crores
Turnover upto Rs. 250 crores

#MSME #AatmanirbharBharat #Easitax #financialfreedom
5/12

Points to be noted:
- Export sales turnover has been specifically excluded.
- Sales turnover data to be matched with GSTIN.
- Investment in plant & machinery amounts will be
matched with the ITR of previous years.
#MSME #AatmanirbharBharat #Easitax #financialfreedom
6/12

Udyam Registration Portal. Link: udyogaadhar.gov.in
No documents are required to be uploaded on the portal. The investment & turnover criteria is composite. We must consider both parameters to register.
#Easitax #financialfreedom #MSME #AatmanirbharBharat
7/12

If an enterprise crosses the ceiling limit in either of the criteria of investment and turnover it will be placed in the next higher slab.
#MSME #AatmanirbharBharat #Easitax #financialfreedom
8/12

The Process:
In case of existing MSMEs,
After the data is provided using the Udyam Registration Form, the category of the enterprise will be updated based on the information furnished in the ITR and GST returns.
#MSME #AatmanirbharBharat #Easitax #financialfreedom
9/12

A communication regarding change of status will be sent to the enterprise.
Traders have been specifically excluded from obtaining Udyam Registration.
#MSME #AatmanirbharBharat #Easitax #financialfreedom
10/12

Avail the benefits!
Easy availability of credit in banks
Reduced interest rates for business loans
Preference in government tenders
Interest receivable on delayed payments from customers

#MSME #AatmanirbharBharat #Easitax #financialfreedom
11/12

Avail the benefits!
Reimbursement of ISO certification fees
Factoring scheme of invoices

#MSME #AatmanirbharBharat #Easitax #financialfreedom
Our team of experts is ready to assist - just reach out to us!
Manisha Yadav : 9082849758 / 59/ 60
[e-mail]
12/12

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