Micro, Small and Medium Enterprises

MSME Gupta Chandan & Associates (Accounting, GST, Income Tax, ITR, Company Formation, New Business Setup, PF-ESI, DSC)

An enterprise shall be classified as a micro, small or medium enterprise on the basis of the following criteria, namely: —

  • (i) a micro enterprise, where the investment in plant and machinery or equipment does not exceed one crore rupees and turnover does not exceed five crore rupees;
  • (ii) a small enterprise, where the investment in plant and machinery or equipment does not exceed ten crore rupees and turnover does not exceed fifty crore rupees; and
  • (iii) a medium enterprise, where the investment in plant and machinery or equipment does not exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees.