MSME (UDHYAM) REGISTRATION

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WHY CHOOSE US FOR  MSME (UDHYAM) REGISTRATION?

Expertise: We take pride in being pioneers of swift and efficient udhyam Registration processing. Our dedicated team has a proven track record of delivering results within 6 hours, saving you time and eliminating unnecessary delays.

Professional Prowess: We’re not just experts Our team’s comprehensive knowledge of udhyam Registration regulations and meticulous attention to detail guarantee accurate and precise submissions every time.

Seamless Process: With us, the journey towards udhyam Registration compliance is hassle-free. Our simplified steps ensure that you can focus on your culinary creativity while we handle the paperwork intricacies on your behalf.

Document Delivery: No more waiting! Once your registration is complete, we promptly deliver your udhyam Certificate documents directly to your inbox. 

INTRODUCTION MSME REGISTRATION

MSME registration is also called Udyam registration. The entities that fulfil the MSME classification can apply for MSME registration from the government portal, the Udyam portal. The MSME registration is entirely online and can be obtained from the Udyam registration portal. It is not mandatory for MSMEs to obtain this registration, but it is beneficial to get one’s business registered under this because it provides a lot of benefits in terms of taxation, setting up the business, credit facilities, loans etc.

MSME REGISTRATION BENEFITS

BELOW LISTED ARE THE MSME REGISTRATION BENEFITS:

•         Due to MSME Registration India, bank loans become cheaper as the interest rate is very low, around 1-1.5%, much lower than interest on regular loans

•         It also allowed credit for minimum alternate tax (MAT) to be carried forward for up to 15 years instead of 10 years

•         Once registered the cost of getting a patent done, or the cost of setting up the industry reduces as many rebates and concessions are available

•         MSME registration helps to acquire government tenders easily as Udyam Registration Portal is integrated with Government e-Marketplace and various other State Government portals which give easy access to their marketplace and e-tenders

•         There is a One Time Settlement Fee for non-paid amounts of MSME

•         The MSME registration will help the MSMEs in availing the benefits of government schemes such as the Credit Guarantee Scheme, Credit Linked Capital Subsidy Scheme, Public Procurement Policy, and Protection against delayed payments, etc.

•         MSMEs are eligible for priority sector lending from banks

•         MSMEs get the benefit of a government security deposit waiver that is helpful while participating in e-tenders

•         Any number of activities, including service or manufacturing or both, may be added or specified in one MSME registration

•         Barcode registration subsidy

•         Exemption scheme from direct taxes

•         ISO certification fees reimbursement

•         Electricity bills concession

•         Special consideration in International trade fairs

PROCESS OF MSME REGISTRATION

•         The MSME registration process is entirely online. MSME online registration is to be done on the government portal of udyamregistration.gov.in. There is no MSME registration fee charged for registration. MSME registration online can be done under the following two categories in the portal –

•         For New Entrepreneurs who are not Registered yet as MSME or those with EM-II and

•         For those having registration as UAM and For those already having registration as UAM through Assisted filing

STEP1: New entrepreneurs and entrepreneurs having EM-II registration need to click the button “For New Entrepreneurs who are not registered yet as MSME or those with EM-II” shown on the home page of Udyam Registration Portal.

STEP 2: On the next page, enter the Aadhaar number and the name of the entrepreneur and click on the “Validate and Generate OTP Button”. Once this button is clicked and OTP is received and entered, the PAN Verification page opens.

STEP 3: The entrepreneur must enter the “Type of Organization” and the PAN Number and click on the “Validate PAN” button. The portal gets the PAN details from the government databases and validates the PAN number of the entrepreneur.

      STEP 4: After verification of PAN, the Udyam Registration form will appear, and the entrepreneurs need to fill in their personal details and details of their enterprise.

      STEP 5:  Enter the investment and turnover details, select the declaration, and click on the “Submit  and  Get Final OTP” button. The OTP is sent, and after entering the OTP and submitting the form, the Udyam Registration Certificate will be sent through email. Entrepreneurs can also find out the MSME registration status from the Udyam Registration Portal.

Conclusion

In general, you don’t need to arrange a large pile of documents to register a udhyam certificate. The amount of documentation required in a udhyam registration is relatively lower than other forms of registration. Also, the process of udhyam registration is not stringent, either. The parties interested in setting up a udhyam should clearly define the role and responsibilities to avert future conflicts. Priyagroup. shall be happy to serve you in case you need any assistance in the process of udhyam Registration. Our professionals would ensure your seamless process at a minimum cost.