Notification on MSME

MSME Ministry has come out with a consolidated notification in the form of guidelines for
classification and registration of MSME’s vide notification dated 26th June 2020.

VKCA MSME Relief Packages

  • Credit guarantee for loans upto INR 2 crore, without collateral and third party guarantee;
  • The extent of guarantee cover is 50% of the sanctioned amount of the credit facility;
  • Rs. 10 lakh to Rs. 100 lakhs per MSE borrower for retail trade activity;
  • In case of default, CGTMSE settles the claim with the lending institutions.

  • VKCA GST Newsletter – June 2020

    Interest and penalties form the first tool to bring discipline in compliance amongst taxpayers. It forms an important component of any revenue law as a stick to the erring taxpayers. They also encourage proper compliance amongst taxpayers as it can be very expensive to them if tax payments are not made with the prescribed time limit.