A revision in Micro Small and Medium Enterprises (MSME) definition was announced in the Atmnirbhar Bharat package on 13th May 2020. After the package was reported, several representations for upward revision of the MSME definition were made. Considering this, the Ministry of Micro, Small, and Medium Enterprises, vide its gazette notification dated 1st June 2020, has announced the …

New Rules of MSME Read More »

Certain changed have been enacted in Income Tax and Goods and Service Tax . Also certain clarification has been made by Revenue authorities. we have try to summarize those amendments and clarifications for your easy reference and understanding. For more detail of July 2020 updates, click here.