The Goods and Services Tax (GST) affects how businesses of all sizes operate in India. For MSMEs (Micro, Small and Medium Enterprises), it is imperative to understand the implications of GST and how it can affect their business operations. This blog post will explore the various benefits, business management tactics, and government actions related to…
Understanding MSME as per the Law: The Government of India has devised the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 on 02nd October, 2006. As per the Act, categorization of enterprises is done into micro, small and medium enterprises based upon investment in plant & machine for manufacturing & production industry and investment in equipment…
