MSME CRITERIA RULES ON OR AFTER 01.07.2020
Enterprises engaged in the manufacture or production, processing or preservation of goods, engaged in providing or rendering of services.
|Particulars||Investment In Plant & Machinery||OR||Turnover|
|MICRO ||Upto Rs 1 Crore||OR||Upto 5 Crores|
|SMALL||More Than Rs. 1 Crore and upto Rs. 10 Crore.||OR||More Than Rs. 5 Crore and upto Rs. 50 Crore.|
|MEDIUM||More Than Rs.10 Crore and upto Rs.50 Crore.||OR||More Than Rs.50 Crore and upto Rs.250 Crore.|
BECOMING A MICRO, SMALL OR MEDIUM ENTERPRISE.
(1) File Udyam Registration online in the Udyam Registration portal, based on self-declaration with no requirement to upload documents, papers, certificates or proof.
(2) On registration, an enterprise (referred to as ―Udyam‖ in the Udyam Registration portal) will be assigned a permanent identity number to be known as ―Udyam Registration Number.
(3) An e-certificate, namely, ―Udyam Registration Certificate shall be issued on completion of the registration process.
COMPOSITE CRITERIA OF INVESTMENT AND TURNOVER FOR CLASSIFICATION
(1) A composite criterion of investment and turnover shall apply for classification of an enterprise as micro, small or medium.
(2) If an enterprise crosses the ceiling limits specified for its present category in either of the two criteria of investment or turnover, it will cease to exist in that category and be placed in the next higher category but no enterprise shall be placed in the lower category unless it goes below the ceiling limits specified for its present category in both the criteria of investment as well as turnover.
(3) All units with Goods and Services Tax Identification Number (GSTIN) listed against the same Permanent Account Number (PAN) shall be collectively treated as one enterprise and the turnover and investment figures for all of such entities shall be seen together and only the aggregate values will be considered for deciding the category as micro, small or medium enterprise.
CALCULATION OF INVESTMENT IN PLANT AND MACHINERY OR EQUIPMENT