MSME under gst

305 views
User Avatar

105 Points Posted on 08 July 2020
what are the benefits for an MSME under gst. (If iam starting a micro manufacturing unit)
kindly help me about all gst implications related to MSME (micro)
0 Reply Share Follow
On 08 July 2020 at 22:12 Report
Replies (7)
Quick Summary
This discussion explores the implications of GST for micro, small, and medium-sized enterprises (MSMEs), particularly for new micro manufacturing units. It clarifies the mandatory GST registration requirements, including deadlines and potential exemptions based on turnover. Additionally, it highlights government benefits available to registered MSMEs, such as a 2% interest subvention on loans under specific schemes.

User Avatar

kolhapur
175 Points Posted on 08 July 2020
It is compulsory to update GST no in your msme reg upto 1 April 2021 otherwise your msme reg will get suspended
Reply
On 08 July 2020 at 22:20
User Avatar

105 Points Posted on 08 July 2020
Is there any benefits from the govtvfor my micro startup??
Reply
On 08 July 2020 at 22:31
User Avatar

1313 Points Posted on 08 July 2020
GST registered MSMEs can get 2% interest subvention from Govt. for incremental loans of Rs. 1 crore under MSME credit scheme.
Reply
On 08 July 2020 at 22:52
User Avatar

105 Points Posted on 08 July 2020
Is it necessary to take registration in gst for an MSME?
Reply
On 08 July 2020 at 22:56
User Avatar

kolhapur
175 Points Posted on 08 July 2020
You have to registered under GST upto 1april 2021
2 Reply
On 08 July 2020 at 23:10
User Avatar

Gst practitioner
34 Points Posted on 09 July 2020
Yes it is mandatory to get register under gst if you are start up business you have a time till 31march 2021 after that it is mandatory to take registration under gst and you have to file ITR return as per income tax act 1961
2 Reply
On 09 July 2020 at 01:29
User Avatar

105 Points Posted on 09 July 2020
1. Requirement of gst registration for my micro manufacturing unit is after crossing the limit( 20lakh) right?
2.After gst registration is there any gst excemptions for my msme(micro manufacturing unit, our production is coconut oil)
Reply
On 09 July 2020 at 08:49

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. GST Reconciliation Tool (2A vs Books) - looking fo
  2. TDS ON PF FORM 19 WITHDRAWAL
  3. Can a virtual office in Mumbai be used for company
  4. Eway and e invoicing in condition where 4 party ar
  5. Bank balance in ITR-3
  6. INCLUDING PROFITS FROM REIT / INVIT IN SHARE TRADI
  7. Tempsens Instruments IPO GMP Allotment Listing dat
  8. Upload Type - Correction. Not showing in TDS filli
  9. Partnership tax audit query
  10. ERROR SHOWING PARTNER REMUNERATION ITR 3 TIME OF V

More recent discussions | Post

Related Topics :

Loading