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MSMEs turnover threshold for audit increased five times to Rs 5 crore
Updated : 6 years, 3 months ago IST
New Delhi [India], Feb 1 (ANI): To reduce compliance burden on small retailers, traders, shop keepers who comprise the medium, small and micro enterprises (MSME) sector, the Union Budget has proposed to raise by five times the turnover threshold for audit from the existing Rs 1 crore to 5
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