If an Assessee crosses the 50 crore sale threshold in March 2023 will the MSME status change from SMALL to MEDIUM automatically ?
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MSME SMALL TO MEDIUM automatic ?
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Yes, your MSME status changes automatically if you exceed the investment or turnover thresholds for your current category. The classification is dynamic and governed by a composite criterion (investment and turnover) that is periodically updated through your linked PAN, GST, and Income Tax records.
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