Insolvency and Bankruptcy Board of India
Press Release
No. IBBI/PR/2020/03
th February 2020
Phase 3 of Valuation Examinations w.e.f. 1st June 2020
In pursuance of the rule 5 (3) of the Companies (Registered Valuers and Valuation) Rules,
2017, the IBBI, being the Authority, hereby publishes the syllabus and format of the ‘Valuation
Examinations’ to be conducted from 1st June 2020 for the asset classes as under:
a. Land and Building: Annexure I
b. Plant and Machinery: Annexure II
c. Securities or Financial Assets: Annexure III
2. The details of examination are available on IBBI website

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What are Micro, Small & Medium Enterprises ?


Definitions of Micro, Small & Medium Enterprises In accordance with the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are classified in two Classes:

1. Manufacturing Enterprises-he enterprises engaged in the manufacture or production of goods pertaining to any industry specified in the first schedule to the industries (Development and regulation) Act, 1951) or employing plant and machinery in the process of value addition to the final product having a distinct name or character or use. The Manufacturing Enterprise are defined in terms of investment in Plant & Machinery.

2. Service Enterprises:-The enterprises engaged in providing or rendering of services and are defined in terms of investment in equipment..

The limit for investment in plant and machinery / equipment for manufacturing / service enterprises, as notified,vide S.O. 1642(E) dtd.29-09-2006 are as under

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Due dates of filing Form GSTR 3B, for the month of February, 2020


a. Government of India vide Notification No. 07/2020 – Central Tax, dated 03rd February, 2020, has staggered filing of Form GSTR-3B, for the month of February 2020, in the manner as given below:

Sl. No. Taxpayers with aggregate turn over (PAN based) in the previous financial year And Taxpayers having principal place of business in the State/ UT of Due date of filing of Form GSTR 3B, for the month of February, 2020 is
1. More than Rs 5 Crore All States and UTs 20th March, 2020
2. Upto Rs 5 Crore State of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep 22nd March, 2020
3. Upto Rs 5 Crore State of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the Union territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi 24th March, 2020

b.For details of the notification click the link

c.Note: Taxpayers with aggregate turn over more than Rs 5 Crore, in the previous financial year may please ignore the last date of filing of Form GSTR 3B return being shown as 22nd and 24th of the month on the Return Dashboard and must file their return by 20th of the month to avoid late fees.

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