India’s micro-enterprises can continue to avail of non-tax benefits for three more years after they have been reclassified in a higher category as small business enterprises, according to an announcement by the MSME Ministry on October 18. It means that even after graduating to become a small business enterprise in terms of achieving a larger turnover or increased investment in plant and machinery, the concerned micro-enterprise is eligible to avail of non-tax benefits for up to three more years after the change in its enterprise status. Non-tax benefits include various schemes of the government, including public procurement policy and delayed payments, among others.
