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02 / Advisory Practice
Structured advisory support for Micro, Small and Medium Enterprises in relation to registration, tax compliance, government scheme eligibility, finance documentation, MIS reporting, working capital review and regulatory compliance.
The approach is based on applicable facts, records, statutory requirements and professional standards, with focus on documentation, compliance discipline and informed financial decision-making.
MSMEs operate across multiple tax, regulatory and compliance frameworks, including the MSMED Act, GST, income-tax, labour laws, Udyam registration and government scheme-related requirements.
At Sandeep Singla & Associates, the MSME advisory practice supports Micro, Small and Medium Enterprises in addressing practical business and compliance matters such as cash-flow review, bank finance documentation, government tender compliance, scheme eligibility review, GST classification and periodic regulatory compliance.
Each engagement is handled under a documented scope of work and reviewed by qualified Chartered Accountants and relevant professionals, based on the nature and complexity of the assignment.
Appropriate MSME classification helps determine the category under which an enterprise may be recognised and the benefits that may be available, subject to eligibility, documentation and applicable government or lender requirements. The classification is based on investment in plant and machinery or equipment and annual turnover, as notified from time to time.
Micro enterprises may be eligible for various MSME-related schemes, credit support and procurement-related benefits, subject to applicable eligibility conditions.
Small enterprises may be eligible for MSME schemes, credit support, technology upgradation support and other benefits, subject to applicable scheme conditions.
Medium enterprises may be eligible for selected MSME-related schemes, credit-linked support, export promotion programmes and state-level incentives, subject to applicable conditions.
Classification thresholds are based on the revised MSME limits effective from 1 April 2025 and may be subject to further amendment by government notification.
Each module is handled by qualified Chartered Accountants and relevant professionals with documented scope, structured deliverables and defined professional responsibility in accordance with applicable professional and ethical requirements.
Modules 01 & 02
Udyam registration and classification require review of enterprise details, investment in plant and machinery or equipment, turnover, NIC codes, PAN-linked Aadhaar details and applicable MSME thresholds.
Assistance with fresh Udyam registration, migration from Udyog Aadhaar, NIC code classification, PAN-linked Aadhaar integration and review of investment and turnover disclosures for appropriate MSME classification.
Periodic review of plant and machinery / equipment investment and turnover parameters against applicable MSME classification thresholds. Where classification changes, the implications for scheme eligibility, credit support and statutory reporting may require review.
Advisory support on payment timelines under Section 15 of the MSMED Act, including agreed payment terms and the statutory outer limit of 45 days, along with review of buyer disclosure obligations under Section 22, where applicable.
Support in relation to delayed payment claims, MSME Samadhaan application preparation, documentation review and MSEFC proceedings, including conciliation and arbitration-related support, where applicable.
Modules 03 & 04
Government schemes, credit guarantee frameworks and bank finance processes for MSMEs require review of eligibility conditions, documentation requirements, financial records and applicable scheme guidelines.
The firm assists MSMEs in reviewing scheme eligibility, preparing documentation, financial projections, CMA data, project reports and supporting records for submission to banks / financial institutions, wherever applicable.
Eligibility review and documentation support for MSME-related schemes such as CGTMSE, PMEGP, SFURTI, state-level MSME incentive schemes and applicable technology upgradation schemes, subject to current scheme availability and prescribed conditions.
Preparation support for CMA data, project reports, financial projections and supporting documents required for term loan, working capital and other bank finance applications. Coordination support with banks / financial institutions may be provided, where required.
Advisory support on CGTMSE eligibility and documentation for collateral-free credit facilities to eligible Micro and Small Enterprises, subject to lender evaluation and scheme conditions. The credit guarantee framework may cover eligible credit support up to ₹10 crore, subject to applicable guidelines.
Advisory and documentation support for technology upgradation, cluster development, employment generation and state-level incentive schemes, including CLCSS / CLCS-TUS, SFURTI, PMEGP and other notified schemes, where applicable and available.
Modules 05 & 06
Tax compliance for MSMEs involves more than return filing. It requires review of applicable tax treatment, timely statutory compliance, proper books of account, reconciliations and financial reporting suitable for management, bank, buyer and scheme-related review.
GST registration support for regular and composition taxpayers, periodic return filing support including GSTR-1 and GSTR-3B, annual return and self-certified GSTR-9C reconciliation statement support where applicable, ITC reconciliation with GSTR-2B, e-invoicing compliance review and advisory on classification and place of supply for sector-specific GST matters.
Income-tax computation and return filing support, including presumptive taxation review under Sections 44AD / 44ADA, advance tax computation, TDS / TCS compliance, quarterly return filing support and ITR preparation for proprietorships, partnerships, LLPs and private limited companies, as applicable.
Chart of accounts design, accounting system set-up support using appropriate accounting software, day-to-day bookkeeping support for small teams, bank reconciliation, accounts payable / receivable tracking and transition from manual to digital accounting records.
Monthly MIS reports covering profit and loss, cash flow, debtor and creditor ageing, inventory, key business indicators and management reporting to support owner review, bank documentation and working capital facility requirements.
Modules 07 & 08
As MSMEs formalise and grow, corporate, payroll and labour compliance requirements may expand under the Companies Act, Shops & Establishments laws, PF, ESI, Professional Tax, Labour Welfare Fund and applicable Labour Codes.
The firm assists MSMEs with corporate compliance, payroll-related statutory filings, labour compliance documentation and coordination support with relevant professionals, based on the nature, size, employee strength and state-wise operations of the enterprise.
Annual ROC filing support for private limited companies, including AOC-4, MGT-7 / MGT-7A, DIR-3 KYC, board resolutions, statutory registers and compliance calendar monitoring. Small company and OPC-related exemptions may be reviewed, where applicable.
PF, ESI, Professional Tax and Labour Welfare Fund registration and filing support, Shops & Establishments registration support, and compliance review under applicable Labour Codes and state-specific requirements.
Payroll processing support, salary structure review, statutory deductions, TDS on salaries, Form 16 support, monthly payroll records and full and final settlement computation support.
Review and documentation support for vendor agreements, customer contracts, distributor arrangements, employment-related documents, NDAs and partnership documents from tax, payroll, accounting and compliance perspectives, in coordination with legal counsel where required.
Formal, structured, and transparent — every MSME engagement is professionally documented from day one, in compliance with ICAI engagement standards.
A confidential discussion covering your business type, current compliance status, government registrations, and immediate needs. No commitment required.
A formal Engagement Letter is issued defining scope, deliverables, fees, timelines, and ICAI-mandated professional terms before any work commences.
Structured execution of advisory, compliance filings, documentation, and regulatory representations — with written outputs at every stage.
Periodic compliance health checks, classification monitoring, regulatory alerts, and proactive scheme eligibility updates as your enterprise grows.
We combine deep MSME regulatory knowledge with the governance standards of a full-service Chartered Accountant firm.
Every MSME advisory mandate is supervised and signed off by a qualified, practising Chartered Accountant. Advice is always accompanied by written documentation — never informal or verbal only.
We understand the full MSME ecosystem — the MSMED Act, Udyam framework, government scheme architecture, CGTMSE, CLCSS, and state-level incentive programmes — in granular detail that generalist advisors typically lack.
We prepare CMA data, project reports, and financial projections that meet the documentation standards of PSU banks, SIDBI, and NBFCs — improving the quality and speed of credit appraisal for our clients.
MSME advisory at our firm is seamlessly connected with our GST, Income Tax, Audit, Payroll, and Labour Law practices — ensuring your enterprise receives co-ordinated compliance support across all statutory obligations.
We monitor MSME Ministry notifications, GST Council changes, CBDT circulars, and state government MSME policies on an ongoing basis — ensuring advice is always aligned with the current regulatory environment.
All MSME client information — financial records, bank communications, scheme applications, and dispute details — is handled under ICAI's strict confidentiality obligations and our firm's internal data governance protocols.
Regulation-grounded articles for MSME owners and promoters — drafted by our advisory team with reference to the latest Ministry of MSME, CBDT, and GST Council notifications.
The revised classification thresholds have created compliance risks for businesses hovering near category boundaries. We explain reclassification triggers, benefit cessation timelines, and strategies to maintain category continuity without compromising growth.
Read more →A legal, tax, and enforcement framework for MSMEs and buyers — the 45-day payment rule, Section 43B(h) disallowance, compound interest, Samadhaan portal filing, and GST ITC reversal consequences.
Read more →An updated guide to the Credit Guarantee Fund Trust for Micro and Small Enterprises — covering revised guarantee coverage limits, annual guarantee fee structure, eligible borrowers, and practical steps to access collateral-free credit through your bank.
Read more →