MSME eligible for private hospital medium and small

This query is : Resolved

Kollipara Sundaraiah (Querist)
Follow

23 May 2022 Sir,
It assessee running a private hospital turnover Rs: 1 crore . assessee msme registered eligible for medium or small or micro scheme applicable under msme act.

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)
Follow

09 July 2024 Based on the turnover of Rs. 1 crore for the private hospital, let's determine the eligibility under the MSME (Micro, Small, and Medium Enterprises) Act, 2006:

1. **Classification Criteria:**
- **Micro Enterprise:** If the turnover is up to Rs. 5 crore.
- **Small Enterprise:** If the turnover is more than Rs. 5 crore but does not exceed Rs. 50 crore.
- **Medium Enterprise:** If the turnover is more than Rs. 50 crore but does not exceed Rs. 250 crore.

2. **Assessment for the Private Hospital (Turnover Rs. 1 crore):**
- The turnover of Rs. 1 crore falls under the category of **Micro Enterprise** according to the MSME Act.

**Conclusion:** The private hospital with a turnover of Rs. 1 crore would be classified as a Micro Enterprise under the MSME Act, making it eligible for benefits and schemes applicable to micro enterprises.

If you have specific requirements or need further assistance regarding MSME registration or benefits, feel free to ask!

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now