Taxmann’s MSME Ready Reckoner Edition 2021

1,121.00

Taxmann’s MSME Ready Reckoner Amended up to 2nd July 2021 | Ready-referencer for Micro Small & Medium Enterprises – 2nd Edition July 2021. MSME Ready Reckoner provides analysis on all provisions of the MSME Act, 2006, along with relevant Circulars & Notifications, illustrations, case studies, etc. It also incorporates reckoner for Micro, Small & Medium Enterprises along with turnover-limit linked compliances/exemption. Lastly, it covers COVID-19 relief packages such as GECL Scheme, LGSCAS, etc.

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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
Weight 0.7 kg
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