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MSME Act Definitions_Urgent

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praveen (Querist)
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12 June 2020 Hi All.
What is Turnover Definition under MSME Act.?

Spurto Consultancy Services

Spurto Consultancy Services (Expert)
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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

praveen (Querist)
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12 June 2020 Thanks.
1. Turnover means Previous year Turnover ..?
2. Whether turnover includes both Domestic & Export Sales..?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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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

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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28 October 2021 Yes Turnover includes domestic as well as export sales.

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