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Please Help: MSME Act

Posted Date : 07-Mar-2018 , 03:14:40 pm | Posted By: BIJESH

Category : Accounts | Answers : 0| Comments : 1| Hits: 162

While calculating value of Plant and machinary under MSME Act , defintion of plant and machinary include vehicle,computer, furniture.

Comments
Posted By : Mitul Makwana 10-Mar-2018, 12:45:54
As 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
 

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