Msme registration

363 views
User Avatar

CA in Practice
241 Points Posted on 29 May 2020
Some procure milk from outside and sell on his Dairy. From that milk he also makes curd, paneer khoa etc... Will it be called manufacturing activity and qualified for msme?
0 Reply Share Follow
On 29 May 2020 at 18:59 Report
Replies (3)
Quick Summary
This discussion clarifies whether processing milk into products like curd, paneer, and khoa, alongside trading milk, constitutes a manufacturing activity eligible for MSME registration. Based on the MSMED Act, 2006, and the Industries (Development and Regulation) Act, 1951, specifically item 27 concerning Milk Foods, such activities are considered manufacturing and thus qualify for MSME registration.

User Avatar

Practicing in GST and MSME
1985 Points Posted on 29 May 2020

As a professional and specially working in field of MSME compliance, it is very nice question. Thanks for posting this question.

MSME registration is governed by MSMED Act, 2006. unfortunately, this act does not define the term Manufacturing.

As per MSMED Act, enterprise which is engaged in manufacture or production of goods pertaining to any industry specified in First Schedule to the Industries (Development and Regulation) Act, 1951 is eligible to register.

  As per above, it can be inferred that industries mentioned in first schedule of IDRA, 1951 are eligible industries. And Sr. No. 27 of First Schedule, talks about Milk Foods.

So, concluding, if you are engaged in Mild Food manufacturing, you are eligible to register under MSMED Act, 2006.

Regards

(Feel free to ask more queries related to MSME in personal also)

Reply
On 29 May 2020 at 19:52
User Avatar

CA in Practice
241 Points Posted on 29 May 2020
So am I eligible for name manufacturing as I make curd, panner khoa etc from milk and also do trading of milk?
Reply
On 29 May 2020 at 19:56
User Avatar

Practicing in GST and MSME
1985 Points Posted on 29 May 2020

Since you are engaged in manufacturing, you are eligible.

 

Reply
On 29 May 2020 at 20:16

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Loan & Joining bonus to new employees Chief Ma
  2. Income Tax NUDGE Notice – Gift of Shares fro
  3. Is DIR-3KYC Needed
  4. Looking for a study buddy intermediately Jan 2027
  5. How to correct a NIL GST return filed by mistake w
  6. Is it legally permissible not to report F&O lo
  7. Query on FCTRS
  8. APPLICABILITY AND BREAKDOWN OF GST COMPLIANCE ON S
  9. Advance for supply of goods
  10. Question for members: how do you manage client doc

More recent discussions | Post

Related Topics :

Loading