TaxTMI 
TaxTMI 
TaxTMI 
WHEN DID THE CABINET APPROVE THE MSME CLASSIFICATION / LIMIT TO TURNOVER BASE INSTEAD OF INVESTMENT. WHEN DID THE SAME BECAME THE LAW
MSME CLASIFICATION TURNOVER BASED
khushwant singh
MSME turnover-based classification replaces investment thresholds following a legislative amendment altering eligibility criteria. The MSME classification was changed from an investment-based framework to a turnover-based framework by a legislative amendment: an amendment bill was introduced in 2015 and adopted in February 2018, replacing investment thresholds with turnover as the operative eligibility measure. (AI Summary)
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