RELAXATION ON ASSET CLASSIFICATION NORMS FOR MSMEs TERMINATES IN CASE OF NOT OBTAINING GST REGISTRATION

The Micro, Small and Medium Enterprises [MSMEs] which were/are able to repay loans within 180 days of falling due on or from 1st September, 2017 to 31st December, 2018, were permitted by Reserve Bank of India [RBI][1] to be classified as a ‘’Standard Asset’’ by the lending Banks/ NBFCs

[1] DBR.No.BP.BC.108/21.04.048/2017-18 dated 6th June, 2018                            ………..Read More