Everything you should know about MSME Compliance
MSME (Micro Small and Medium Enterprise) Compliance is the pillar for the overall economic growth in both developed and developing countries across the globe. For all developed and emerging nations, micro, small, and medium-sized enterprises are the driving force behind progress. The MSME sector in India accounts for 45% of all industrial employment, 50% of all exports, and 95% of all industrial facilities in our nation. The government of our nation has taken numerous actions and provided perks to assist the owners of these MSMEs in both managing and running their businesses successfully. These tracks aid in the methodical record-keeping necessary to speed up our nation's GDP growth in the long run. We shall examine the MSME Compliances in detail in this blog. DIFFERENCE BETWEEN SMALL AND MICRO ENTERPRISES Small enterprises are those where the manufacturing units made a minimum of Rs. 50 lakhs or say below. Micro Ent...