Page 82 - Quick Insights Book 2022
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Chap. 22 – Micro Small and Medium Enterprises (MSME)Sector
Professional opportunities under the MSMEsector: on MSME and Startup has taken an initiative to bring the expert
services of the Chartered Accountants within the reach of any
Help large scale enterprises form systems to ensure MSME with a click of the mouse.
that they comply with the deadlines for payment of any
goods or services supplied by MSMEs. CA Service Exchange is a platform through which any Indian
MSME can register with the ICAI MSME ECOSYTEM and
Counselling of MSMEs for the rights and benefits search from an array of expert services offered by Chartered
available to them.
Accountants.
Advisory role information, Registration, taxation and Member may visit at https://msme.icai.org/ca-services-exchange/
foreign direct Investment. for registering themselves as MSME Business Consultants.
Assistance in compliance with the technicalities laid In view of the importance of the sector in the economy, the
down by the MSMED Act 2006 itself like Classification Institute of Chartered Accountants of India (ICAI) launched
of industries, Registration under the Act, Procedure of MSME Mentorship Programme & 100 Facilitation Centre for
Filing of Entrepreneurs Memorandum or disclosures. MSME/GST during the National Conclave on “Empowering
MSMEs even though small in size, area enterprise, and MSMEs towards Aatmaniarbhar Bharat” to make them globally
a huge list of laws of the country become applicable competitive.
to them. The entrepreneurs may not necessarily have As Partner in Nation Building, ICAI during the Conclave
such technical knowledge and expertise to comply with launched following initiatives to support and assist MSME
the innumerable requirements expected of the MSMEs. in reaching out to the benefit and schemes provided by the
The Chartered Accountants being aptly equipped with government.
their varied knowledge are the ideal person to assist
the MSMEs in this respect. MSME Mentorship Programme – CAs practicing as SMPs shall
provide financial and strategic consultancy to MSMEs and
Assistance in obtaining several clearances or permissions help MSMEs to overcome the financial challenges, augment
depending upon the nature of unit and products resources and be judicious in expenditure by becoming their
manufactured. mentors.
Apart from above there are other general opportunities related GST and MSME Sahayata Kendra (Facilitation Centres) across
to accounting, auditing, consulting, taxation, management India at 100+ locations to guide MSME in developing their
services etc. That has been elaborated in separate specific business strategy, tax compliances, how various government
chapters. schemes can help them and also towards resource mobilization,
In order to address the specialized needs of the MSMEs, the etc.
Institute of Chartered Accountants of India through its committee
Important Links
• With the objective of Capacity Building of MSMEs & Startup, the Institute is responsive to the emerging challenges of
MSMEs & Startups and constitutes the Committee on MSME & Start-ups for effectively meeting newer challenges. Members
may visit at https://msme.icai.org/about/ for various course, events, conferences oraganised by Committee on MSME &
Start-ups.
• Website related to Micro, Small and Medium Enterprises (MSME) of India at https://msme.gov.in/
• Website of Federation of Indian Micro & Small and Medium Enterprises (FISME) can be viewed at Error! Hyperlink reference
not valid.
• Website of Development Commissioner, MSME and Ministry of MSME can be viewed at http://laghu-udyog.gov.in
• Website of MSME Rating Agency can be viewed at https://www.smeraonline.com
• Handbook on practitioners https://kb.icai.org/pdfs/PDFFile5b277e8c0f2b14.87830026.pdf
Quick Insights on Professional Opportunities for Chartered Accountants 69
