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    <title>MSME Classifications and Registration Requirements w.e.f. 01.07.2020</title>
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    <description>Replaces earlier MSME thresholds with combined investment and turnover criteria, aggregating all units under the same PAN for classification. Investment excludes land, buildings, furniture and fittings and follows income tax definitions, with prior year ITR as primary evidence and self declaration or invoice value (excluding GST) as alternatives. Turnover excludes exports and must be linked with income tax and GST; PAN requirement is imposed for consistent reporting. Introduces Aadhaar based Udyam Registration requiring specified identity authentication, mandates URN allocation, and requires prior year ITR/GST uploads with potential suspension for non compliance.</description>
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    <pubDate>Tue, 14 Jul 2020 09:35:19 +0530</pubDate>
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      <title>MSME Classifications and Registration Requirements w.e.f. 01.07.2020</title>
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      <description>Replaces earlier MSME thresholds with combined investment and turnover criteria, aggregating all units under the same PAN for classification. Investment excludes land, buildings, furniture and fittings and follows income tax definitions, with prior year ITR as primary evidence and self declaration or invoice value (excluding GST) as alternatives. Turnover excludes exports and must be linked with income tax and GST; PAN requirement is imposed for consistent reporting. Introduces Aadhaar based Udyam Registration requiring specified identity authentication, mandates URN allocation, and requires prior year ITR/GST uploads with potential suspension for non compliance.</description>
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