MSME

Definition of Micro Small and Medium Enterprises – Retail & Wholesale Trade added

Definition of Micro Small and Medium Enterprises – Retail & Wholesale Trade added

The Ministry of Micro , Small and Medium Enterprises (MSMEs) has decided to include Retail and wholesale trades as MSMEs and they are allowed to be registered on Udyam Registration Portal.
 
However, benefits to Retail and Wholesale trade MSMEs are to be restricted to Priority Sector Lending only.
 
Accordingly, the list of eligible additional activities under NIC Code 45, 46 and 47 are as under:
 
NIC Code Activities 
45 Wholesale and retail trade and repair of motor vehicles and motorcycles
46 Wholesale trade except of motor vehicles and motorcycles
47 Retail trade except of motor vehicles and motorcycles
 
The Udyam Registration is allowed for above three NIC Codes and activities mentioned against them.
 
The Enterprises having Udyog Aadhaar Memorandum (UAM) under above three NIC Codes are now allowed to migrate to Udyam Registration Portal or they can file Udyam Registration afresh.
 

Download Ministry’s order Click Here >>

 

Share
Leave a Comment

Recent Posts

  • Income Tax

CBDT specifies work allocations and zonal charges of its members

CBDT specifies work allocations and zonal charges of its members CBDT has issued an office memorandum dated 03/12/2025 giving details…

4 hours ago
  • Income Tax

AO can’t make addition on his speculation and assumption of manipulation in share prices

Addition quashed as alleged manipulation in share prices was merely a speculation and assumption of Assessing Office In a recent…

5 hours ago
  • Income Tax

Assesee not deducting TDS due to stay by High Court can’t be treated as assessee in default

When assesee did not deduct TDS on account of interim stay of High Court, it can’t be regarded as assessee…

7 hours ago
  • Income Tax

Penalty u/s 271B is not attracted where books of account not maintained – ITAT Allahabad

Penalty u/s 271B is not attracted in a case where books of account have not been maintained In a recent…

1 day ago
  • Empanelment

NALCO invites RFP for empanelment of CA Firms for verification of Stores/Spares & movable assets

NALCO invites RFP for empanelment of Chartered Accountant Firms for verification of Stores/Spares and movable assets.  NALCO has invited Request…

1 day ago
  • RBI

Sending or bringing currency of Nepal and Bhutan – RBI revises regulations

Sending or bringing currency of Nepal and Bhutan - RBI revises exiting regulations  RBI has notified the Foreign Exchange Management…

1 day ago