Job Work under GST

🔊 Play Job work has been defined under Section 2(62) of the Model GST Law as “undertaking any treatment or process by a person on goods belonging to another registered taxable person and the expression “job worker” shall be construed accordingly”. The expression “job work” refers to a “treatment” or “process”, which is undertaken by […]

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msme Registration

Who needs Registration under MSME? Benefits of Registering Under MSME

🔊 Play MSME is for manufacturing as well as service sector. MSME Registration is not mandatory, However Registering under MSME/SSI will directly benefit enterprises due to various subsidies/Exemptions/Incentives/Schemes by the Government. Why MSME/SSI registration 1. PRIORITY LENDING/LOW RATE OF INTEREST BY BANK 2. VARIOUS TAX EXEMPTION FOR ENTERPRISES 3. SUBSIDIES BY CENTRAL AND STATE GOVERNMENT […]

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