MSME Samadhaan – Application for Delayed Payments

MSME Samadhaan In India, Ministry of Micro, Small & Medium Enterprises envision a vibrant MSME sector by promoting growth and development of the MSME Sector, including Khadi, Village and Coir Industries, in cooperation with concerned Ministries/Departments, State Governments and other Stakeholders, through providing support to existing enterprises and encouraging creation of new enterprises. Micro, Small…

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Professional Tax Registration and Compliance

What is Professional Tax? Profession Tax is a state-level tax that applies to salaried employees and professionals, including chartered accountants, lawyers, and doctors. The following states impose this tax: Karnataka, West Bengal, Andhra Pradesh, Maharashtra, Tamil Nadu, Gujarat, Assam, Chhattisgarh, Kerala, Meghalaya, Orissa, Tripura, and Madhya Pradesh. Registration is mandatory within 30 days of employing…

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Mandatory Submission details of all outstanding dues to MSME suppliers by Specified Companies

With a spate of corporate irregularities coming to the fore, the Centre has decided to make disclosure norms more stringent. Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Recently MCA has passed ‘Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019′. As per the…

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Commencement of Business Certificate

Commencement of Business Certificate The Ministry of Corporate Affairs has re-introduced the concept of commencement of business certificate. Under the newly introduced The Companies (Amendment) Ordinance 2018, A company *incorporated on or after 02.11.2018* and having a share capital shall commence any business or exercise any borrowing powers only after complying the following requirements: Filing…

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