Msme benefits

whether MSME s are exempted from collecting and paying gst .
Replies (5)
Quick Summary
This discussion clarifies that MSMEs are not exempt from GST collection and payment. However, it details numerous benefits and concessions available to MSMEs, covering areas like protection against delayed payments, dispute resolution, collateral-free loans, and subsidies for technology upgrades and certifications. It also touches upon exemptions in direct tax laws and preferences in government tenders, with a specific query about electricity concessions for registered MSME hospitals.

No. No such exemption is given
No there is no such exemption

tnx for ur replies.

pls let know the benefits and concessions that r available for  MSMEs. in gst and income tax is concerned.

The benefits are as follows:-

1.Protection against delay in payment.
2.Fast resolution of disputes
3.Collateral Free loans from bank
4.Exclusive consideration for participating in international trade fair
5.Octroi benefits
6.Waiver of Stamp duty and Registration fees
7.Several Exemption under Direct Tax Laws
8.Barcode registration subsidy
9.Subsidy on NSIC Performance and Credit ratings
10.Counter Guarantee from GoI through CGSTI
11.Reduced rate of interest from banks
12.15% subsidy under CLCSS scheme for technology upgradation
13.Exemptions while applying for Government tenders
14.Concession in Electricity Bills
15.Reimbursement of payment made for obtaining ISO certification
16.1% exemption in interest on OD
17.Increasing eligible loan limit for optimal reasons, from the amount of Rs. 25 lakh to Rs. 50 lakh
18.Raising the extent of guarantee cover from 75 % to 80 %
19.Reservation of products for exclusive manufacturing by MSME/SSI
20.Easier registration and approvals to obtain Licenses
21.Eligible for IPS subsidy
22.Preference in allocation of Government tenders
23.Excise Exemption Scheme
24.Reduced rate of interest from banks
25.50% subsidy for patent registration

respected sir

how to get electricity concession for a MSME REGISTERED HOSPITAL.

please discuss

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