Question

Which of the following best describes the composite

Q: Which of the following best describes the composite criteria of movement of an enterprise from one c

CompositecriteriaofinvestmentandturnoverforclassificationofMSMEAcompositecriterionofinvestmentandturnovershallapplyforclassificationofanenterpriseasmicrosmallormediumulliIfanenterprisecrossestheceilinglimitsspecifiedforitspresentcategoryineitherofthetwocriteriaofinvestmentorturnoveritwillceasetoexistinthatcategoryandbeplacedinthenexthighercategorybutnoenterpriseshallbeplacedinthelowercategoryunlessitgoesbelowtheceilinglimitsspecifiedforitspresentcategoryinboththecriteriaofinvestmentaswellasturnoverliliAllunitswithGoodsandServicesTaxIdentificationNumberGSTINlistedagainstthesamePermanentAccountNumberPANshallbecollectivelytreatedasoneenterpriseandtheturnoverandinvestmentfiguresforallsuchentitiesshallbeseentogetherandonlytheaggregatevalueswillbeconsideredfordecidingthecategoryasmicrosmallormediumenterpriseliul

criteria of movement of an enterprise from one category to another under MSMEs ? A. The enterprise will move to a higher category if it crosses the ceiling limit in either of the two criteria of investment or turnover B. The enterprise will move to a higher category if it crosses the ceiling limit in both criteria of investment or turnover C. The enterprise will move to a lower category if it goes below the ceiling limit in either of the two criteria of investment or turnover D. The enterprise will move to a lower category if it goes below the ceiling limit in both criteria of investment or turnover

A Only A

B Only A and C

C Only A and D

D Only B and C

E Only B and D

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