Please Help: MSME Act
Posted Date : 07-Mar-2018 , 03:14:40 pm | Posted By BIJESH
While calculating value of Plant and machinary under MSME Act , defintion of plant and machinary include vehicle,computer, furniture.
Category : Accounts | Answers : 0 | Comments : 1 | Hits : 471
Answers
Comments
Mitul Makwana
10-Mar-2018 , 12:45:54 pmAs per recent amendment classification under MSME Act has been changed from investment in plant and machinery to "Turnover". Hence if the turnover is upto 5 crore it shall be classified as Micro Enterprise, greater than 5 crore and upto 75 crore as Small Enterprise and greater than 75 crore and upto 250 crore as Medium Enterprise