MSME Act Definitions_Urgent
This query is : Resolved
12 June 2020
The government is yet to provide clarification on definition of turnover under MSME.
However it may be taken as turnover from your last audited balance sheet
However it may be taken as turnover from your last audited balance sheet
12 June 2020
Thanks.
1. Turnover means Previous year Turnover ..?
2. Whether turnover includes both Domestic & Export Sales..?
1. Turnover means Previous year Turnover ..?
2. Whether turnover includes both Domestic & Export Sales..?
28 October 2021
Updated MSME Definition
Type of enterprise Investment Turnover
Micro Rs 1 crore Rs 5 crore
Small Rs 10 crore Rs 50 crore
Medium Rs 50 crore Rs 250 crore
Type of enterprise Investment Turnover
Micro Rs 1 crore Rs 5 crore
Small Rs 10 crore Rs 50 crore
Medium Rs 50 crore Rs 250 crore
28 October 2021
Yes Turnover includes domestic as well as export sales.
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