The Delhi High Court has ruled that the Income Tax Act takes precedence over the MSMED Act in a dispute regarding special audit fees between a Chartered Accountant (CA) firm and the Income Tax Department. The Revenue filed a writ petition challenging the directions for arbitration issued by the Micro and Small Enterprise Facilitation Council …
India is a land of opportunities and offers an attractive market for entrepreneurs looking to start a business. With a growing middle class and a large population, India offers a vast market for businesses across various sectors. Setting up a business in India can be a complex process, but with the right guidance and support, …
1. Can the Council accept claims from suppliers in the service/trading sector? Answer: The Council can only accept claims from suppliers in the manufacturing and service sectors for which UAM has been obtained. These categories cannot be challenged by the respondent/buyer. 2. Can an appellate court allow an appeal against the Council’s award without depositing …
Q.1 What is the purpose of the MSME Samadhaan Portal? A: The MSME Samadhaan Portal is an online platform developed by the Office of DC(MSME), Ministry of Micro, Small and Medium Enterprises (MSME) to enable Micro and Small Enterprises (MSEs) to file their applications online for delayed payments. Q.2 Does the Ministry of MSME take …
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