The Entities which are having a prescribed capital investment either in manufacturing or service sector are eligible to register themselves as Micro, Small, Medium Enterprises (MSME / SSI)
The form of Memorandum is of two parts for registering as SSI unit. Any person who intends to establish a micro, small or medium (MSME / SSI ) enterprise engaged in providing or rendering of services may file or those who want to establish medium enterprise (MSME / SSI ) engaged in the production or manufacture of products shall file EM Part-I of the Entrepreneurs( To be filed before commencement of business)
If the enterprises start production or start providing or rendering services, they shall file EM Part II. In case of non-filing of Part II of the Entrepreneurs Memorandum within two years of the filing of Part I, the EM Part I filed by the entrepreneur will become invalid.
Classification of MSME / SSI units
Manufacturing Enterprises ceiling limit of Micro, Small, Medium ( MSME / SSI)
Manufacturing Enterprises having the investment in Plant and Machinery upto Rs.25 Lakhs shall come under Micro Enterprise.
Manufacturing Enterprises having the investment in Plant and Machinery upto Rs.5 Crores shall come under Small Enterprise.
Manufacturing Enterprises having the investment in Plant and Machinery upto Rs.10 Crores shall come under Medium Enterprise.
Service Enterprises ceiling limit of Micro, Small, Medium ( MSME / SSI)
Service Enterprises having the investment in Equipment upto Rs.10 Lakhs shall come under Micro Enterprise.
Service Enterprises having the investment in Equipment upto Rs.2 Crores shall come under Small Enterprise.
Service Enterprises having the investment in Equipment upto Rs.5 Crores shall come under Medium Enterprise
Changes in EM Part II of MSME / SSI
Change of investment in plant and machinery or in equipment, the enterprises who have already filed EM Part II should inform the District Industries Centre of the same in writing within three month of the change in investment.
Change of products and that of works or extension in products or services, the enterprises which have already filed Entrepreneurs Memorandum shall tell the District Industries Centre of the same in writing within three months of the change.
Prior Clearance from Pollution Control Board is Mandatory for the Entities falling under the following category in order to register as MSME / SSI.
Distillery, Animal and Vegetable Plantations and Processing (Tannery, Sago, Starch), Fertilizers, Paper and Paper Pulp, Chemical Industries, Petroleum Refineries, Textile Processing, Dying and Bleaching, Iron Melting, Electro Plating, Heat Treatment, Refractories, Thermal Power Stations, Cement, Drug and Pharmaceuticals, Paints and Varnishes, Solvent Factories, Pesticides and Insecticides, Asbestos Industries, Foundry, Aromatic Chemicals, Petro Chemical Industries, Man Made Fibre units, Photo Film Manufacturing
SUBSIDY FOR SSI / MSME.
Manufacturing sectors which are registered with MSME can avail capital subsidy based on the amount invested and sector in which the investment is made and location of the enterprises. There are certain manufacturing sectors which are cannot avail subsidy irrespective of investment & Location.
SECTIORS OF ACTIVITIES INELIGIBLE FOR SUBSIDY
Aluminium smelting, audio cassette recording, azoic/reactive dyes, beedies/cigarettes/cigars/gutka and tobacco based products cadmium cynide, calcium carbide, caustic soda, cement, clock and watch repair shops, coffee roasting and grinding, colour processing units, country bricks, cyanide, distilleries, brewery and malt extraction, fertiliser,fertiliser mixing, fire crackers, fluro carbon gas. Hotels, ice candy making, industries manufacturing and/or utilizing ozone depleting substances, iron and steels smelting, kandasari unit, knitting, mining and quarrying, nylon fibre, photo copying and xerox machines, photo studios, polyester fibre, popcorn, potasium cynide, potassium chloride, potassium gold cyanide, poultry, power laundries, rayon fibre, repacking,of drugs/medicine/chemical,without any processing or value addition, saw mills, slaughter house,sodium cyanide, spinning,sugar, textiles,units utilizing molasses/rectified spirit/denatured spirit as raw material for manufacture of potable alcohol, video cassette recording, weaving, zinc cyanide.
7.TDS(Tax Deduced at Source)
TDS is Tax deducted at source. It is the indirect way of collecting tax. It is the tax deducted from the Income at the time of its generation and paid into the government account
Due date for Payment of TDS:
Tax deducted from the deductee should be deposited in the Government account within 7th of the following month
Tax deducted in the month other than March 7th of the following month
Tax deducted in the month of March 30th April of the next financial year
Interest on late deduction of TDS at 1% for every month or part of a month and Interest on late payment of TDS after deduction at 1.5% for every month or part of a month.
PAN ( Permanent Account Number)
Application for allotment of PAN: -
This application form should be used when the applicant has never applied for a PAN or does not have PAN allotted to him.
FORM 49A: - To be filled by Indian citizens including those who are located outside India.
FORM 49AA: - To be filled by foreign citizens.
Note : Name mentioned in Application form and Name in the Proof of Identity /Proof of Address should match exactly.
Application for new PAN Card or/and Changes or Corrections in PAN Data: -
Those who have already obtained the PAN and wish to obtain the new PAN card or want to incorporate some changes / corrections in their PAN data, are required to submit their applications
for PAN correction.
TAN or Tax Deduction and Collection Account Number is a 10 digit alpha numeric number required to be obtained by all persons who are responsible for deducting or collecting tax. Since last few year ITD has revised the structure of TAN. It is a unique 10 digit alphanumeric code. Accordingly, they have issued TAN in this new format to all existing TAN holders.
Application for issuance of new TAN (Form 49B)
This application form should be used when the deductor has never applied for a TAN or does not have a TAN.
Form for Change or Correction in TAN data for TAN Allotted
This application form should be used by the deductors in case they want a Change or Correction in data associated with their TAN.