Union Budget 2022- Key Highlights – All You Need to Know

The Union Budget 2022 was announced on 1st February 2022, in the wake of upcoming elections in 5 states- Uttar Pradesh, Goa, Punjab, Uttarakhand and Manipur. It was expected to be a populist budget, along with a boost to education, EV industry and renewable energy. However, not all of these expectations were met in the …

Union Budget 2021- Key Takeaways – Everything You Need to Know

The Union Budget of 2021 had everyone’s attention as the country was recovering from the economic impact of pandemic and lockdown imposed consequently. Though the recent IMF forecast for India’s GDP growth was a positive, it was to be seen whether the budget would prove to be a catalyst or hindrance to such growth. The …

Udyam Registration and New Classification for MSMEs – All You Need to Know.

I. New Classification for MSMEs As announced as a part of economic stimulus and reforms in response to Covid 19, the Ministry of Micro, Small and Medium Enterprises has modified the classification criteria for MSMEs as follows- Existing Criteria- New Criteria (Applicable from 1st July 2020)- Note: All units with GSTIN listed against same PAN …