Centre Extends MSMEs Non-tax Benefits For 3 Years
The Union Ministry of Micro, Small and Medium Enterprises (MSME) on Wednesday said that registered MSMEs can leverage non-tax benefits for an extended period of three years, as opposed to the previous one year, if there is an upward change in their category and resulting reclassification.
The ministry said that this decision has been taken after due deliberations with MSME stakeholders and is in line with the Aatma Nirbhar Bharat Abhiyan.
Non-tax benefits include benefits of various schemes of the government, including public procurement policy, delayed payments, etc.
