Compliance and Ethics
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Small and Medium Enterprises in India — Certificate Course on MSME.
One-liners from this chapter
Free sample — 8 of 66 rapid-fire Q&A cards.
What is the GST registration threshold for manufacturing MSMEs in most states?
GST registration is mandatory if annual turnover exceeds Rs.40 lakh for manufacturing units in most states.
Which RBI Master Direction consolidates all MSME lending instructions and what is its date?
Master Direction FIDD.MSME & NFS.12/06.02.31/2017-18 dated July 24, 2017 (updated June 11, 2024)
What is the GST registration threshold for service MSMEs in most states?
GST registration is mandatory for service MSMEs if annual turnover exceeds Rs.20 lakh in most states.
Where must all MSME enterprises register to obtain a Udyam Registration Certificate (URC)?
Udyam Registration Portal (online)
What are the GST registration thresholds applicable to special category states for manufacturing and services?
For special category states, the thresholds are Rs.20 lakh for manufacturing and Rs.10 lakh for services.
What are the updated investment and turnover limits for Micro enterprises effective April 1, 2025?
Investment up to ₹2.5 crore; Turnover up to ₹10 crore
Which four Labour Codes became effective from 1 April 2026?
The four Labour Codes are: Code on Wages 2019, Industrial Relations Code 2020, Occupational Safety Health and Working Conditions Code 2020, and Social Security Code 2020.
What are the updated investment and turnover limits for Small enterprises effective April 1, 2025?
Investment up to ₹25 crore; Turnover up to ₹100 crore
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