New Delhi: The government on Wednesday said micro, small and medium enterprises will continue to get all non-tax benefits in their respective categories after reclassification for three years.
MSME Ministry has notified that in case of reclassification and consequent reclassification in respect of investment in plant and machinery or equipment or turnover or both, an enterprise shall continue to avail all non-tax benefits of the category in which it was earlier such Reclassification for three years from the date of upward change.
“This decision has been taken after due deliberation” MSME stakeholders and in line with the self-reliant India campaign. The Ministry of MSME, Government of India, has permitted those registered MSMEs to continue to receive non-tax benefits for three years instead of one year, in case of their graduation upwards in their category and consequent reclassification. said in an official statement. ,
Non-tax benefits include benefits of various government schemes, including public procurement policy, delayed payments, etc.
MSME Ministry has notified that in case of reclassification and consequent reclassification in respect of investment in plant and machinery or equipment or turnover or both, an enterprise shall continue to avail all non-tax benefits of the category in which it was earlier such Reclassification for three years from the date of upward change.
“This decision has been taken after due deliberation” MSME stakeholders and in line with the self-reliant India campaign. The Ministry of MSME, Government of India, has permitted those registered MSMEs to continue to receive non-tax benefits for three years instead of one year, in case of their graduation upwards in their category and consequent reclassification. said in an official statement. ,
Non-tax benefits include benefits of various government schemes, including public procurement policy, delayed payments, etc.