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Articles, guides, tips and updates to accelerate business growth in 2023 and beyond

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Small-scale Industries (SSIs) are locally operated businesses with relatively modest investment and strong employment potential. As per the MSME classification effective from 1 April 2025, they generally refer to small enterprises with investment in plant and machinery or equipment up to ₹25 crore and annual turnover up to ₹100 crore. SSIs are vital to India’s economy, supporting manufacturing, regional development, employment, and entrepreneurship across sectors such as food processing, textiles, engineering, and electronics. Read to learn more.

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Explore the new tax proposals and compliance simplifications in the budget. Understand how MSMEs can benefit from GST revisions and compliance easing, focusing on tax relief measures that could impact their operational costs. We also look at the provisions for direct and indirect taxes and corporate tax for business.

Last updated on: May 3, 2024
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