MSME Ready Reckoner – 4th Edition 2023

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MSME Ready Reckoner – 4th Edition 2023

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Micro Small & Medium Enterprises (‘MSME’) Ready Reckoner is a comprehensive book on laws governing MSMEs in India. It analyses all the provisions of the MSME Act, 2006 in an easy-to-read FAQ format, along with relevant Circulars & Notifications, illustrations, case studies, etc.

This book is a handy referencer for MSMEs and professionals associated with the MSME sector.

This book is divided into eight divisions, namely:

  • MSMEs – Definition, Classification and Registration
  • Benefits to Registered MSMEs
  • Benefits to small businesses, whether registered MSMEs or not
  • Legal forms of organisation MSME can adopt and pros & cons of choice of various legal forms
  • Micro Enterprises
  • Small Enterprises
  • Medium Enterprises
  • Start-Ups

The Present Publication is the 4th Edition and has been amended by the Finance Act 2023. This book is authored by Taxmann’s Editorial Board, with the following noteworthy features:

  • [New Definitions & Classification of MSMEs] into Micro, Small and Medium enterprises based on composite criteria of investment and turnover
  • [Investment] How to Compute Investment
  • [Turnover] How to Compute Turnover
  • [Udyam Registration] How to file Udyam Registration
  • [Udyam Assist Registration] for informal micro enterprises
  • [Promotion of Timely Payments by Buyers to Micro/Small Enterprises] u/s 43B(h) of the Income-tax Act, 1961 is included in this book
  • [Vivad Se Vishwas I] scheme for providing reliefs to MSMEs from performance/bid security for non-performance of government contracts during COVID-19
  • [Central Government Schemes] for MSMEs
  • [Pre-Pack Insolvency Resolution Process] for debt-stressed corporate MSMEs
  • [Time-Bound Recovery of Dues by Micro and Small Enterprises through Samadhan Portal] including the recent Supreme Court decision interpreting Chapter V of the MSMED Act
  • [Online Loan Approval in 59 Minutes] for MSMEs
  • [MUDRA Scheme] for funding the Non-corporate Small Business Sector (NCSBS)
  • [TreDS] Trade Receivables Discounting System
  • [Ready Reckoner(s)] (subject-wise practical guide) for the following:
    • Micro Enterprises
    • Small Enterprises
    • Medium Enterprises
  • [MSME Reckoner on Turnover-Limit Linked Compliances/Exemptions] for the following:
    • Private Company
    • Limited Liability Partnerships
    • Tradition/General Partnership Firms
    • HUFs/Individuals
    • Public Company

The detailed contents of this book are as follows:

  • MSMEs – Definition, Classification and Registration
    • What is the new definition of ‘Micro Enterprises’, ‘Small Enterprises’ and ‘Medium Enterprises’?
    • How to compute the investment?
    • How to compute turnover
    • Classification of MSMEs based on new composite criteria (with illustrations and case studies)
    • Udyam Registration – How to file Udyam Registration
    • MSME Formalisation – Udyam Assist Portal
    • How and when MSMEs will be reclassified
    • What is ‘manufacturing’ or ‘production’ MSME, and what is ‘service MSME’?
  • Benefits to Registered MSMEs
    • Benefits from MSME Fund
    • What are the benefits available to registered MSMEs under the MSMED Act in respect of protection/remedies against delayed payments by buyers
    • Factoring & TReDS – Trade Receivables Discounting System
    • What are other benefits available to registered MSMEs under Central Schemes?
    • Relief for MSMEs from forfeiture of bid/performance security for non-performance of contract during the COVID period
    • Vivad se Vishwas II – Settling Contractual Disputes
    • Entity Digital Locker
    • Skill India Digital Platform
    • Pre-packaged insolvency resolution process for MSMEs who are corporate (i.e., Companies/LLPs)
  • Benefits to Small Businesses, whether Registered MSMEs or not
    • Benefits available to Small Businesses under the Income-tax Act, 1961
    • Exemption from compulsory tax audit to micro-enterprises
    • Low tax rate without exemption regime applicable to companies irrespective of size
    • Concessional rate of tax for SME companies without foregoing any exemptions
    • Relaxations in compliance to small companies under the Companies Act, 2013
    • MUDRA Scheme – Funding the Non-Corporate Small Business Sector (NCSBS)
    • PM Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi): A Special Micro-Credit facility for Street Vendors
    • 59 Minutes online loan approval for MSMEs
  • Legal Forms of Organisation MSMEs Can Adopt and Pros and Cons of Choice of Various Legal Forms
    • What legal forms of organisations can MSMEs adopt
    • Sole proprietorship
    • Traditional/General Partnership/Partnership Firm
    • Limited Liability Partnership (LLP)
    • Companies
    • Hindu Undivided Family
  • Micro Enterprises
    • Definition of micro-enterprises
    • Legal forms of organisation that are suitable for micro-enterprises
    • Registration as a micro-enterprise
  • Small Enterprises
    • Definition of small enterprises
    • Legal forms of organisation that are suitable for small enterprises
    • Registration as a small enterprise
  • Medium Enterprises
    • Definition of medium enterprises
    • Legal forms of organisation that are suitable for medium enterprises
    • Registration as a medium enterprise
  • Start-Ups
    • Definition of Start-up
    • Benefits to DPIIT-recognised start-ups under Start-up India Scheme

Additional information




Taxmann's Editorial Board








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