Friday, July 3, 2020

RBI directs Banks to initiate necessary Action for Reclassification of MSMEs

The Reserve Bank of India (RBI) has directed the Banks to initiate necessary Action for the Reclassification of MSMEs. The Government had notified on new criteria for classifying the enterprises as Micro, Small, and Medium enterprises. (MSMEs).The new criteria have come into effect from July 1, 2020. According to the new notification, an enterprise would […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3ivwuj2

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