MSME stands for Micro, Small and Medium Enterprises and any enterprise that falls under any of these three categories (Micro, Small and Medium) are further categorized into two types of industries- manufacturing industry and service industry. The status of an enterprise under the MSMED Act is determined according to the investment slab under which an enterprise falls.
MSME registration is not statutory but, required to avail the benefits under the MSMED Act. LetsComply can help to register your business under the MSMED Act and avail a host of benefits.
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