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UDYAM REGISTRATION CERTIFICATE

MSMEs are very important – every nation’s economic hopes are pinned on its young, small businesses. MSME enterprises are the backbone of any economy and are an engine of economic growth, promoting equitable development for all. The Indian government, with this in mind, offers numerous benefits to such organisations (cheaper credit, easy loan approval, tax exemptions, etc.), so that they can achieve growth at a much faster pace and without enduring hardships. To avail the benefits under the MSMED Act from Central or State Government and the Banking Sector, MSME Registration is required.
MSME stands for micro, small and medium enterprises and any enterprise that falls under any of these three categories. Though the MSME registration is not statutory but this registration is among one of the easiest of government registrations to be granted. As a small enterprise, you can have access to priority sector lending, tax exemptions & capital investment and power tariff subsidies. If, at any time, you cross this investment limit, you need to cancel your registration under the MSMED Act.

REGISTRATION CRITERIA

(i) a micro enterprise, where the investment in plant and machinery or equipment does not exceed one crore rupees and turnover does not exceed five crore rupees;(ii) a small enterprise, where the investment in plant and machinery or equipment does not exceed ten crore rupees and turnover does not exceed fifty crore rupees; and

(iii) a medium enterprise, where the investment in plant and machinery or equipment does not exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees

 

UDYAM REGISTRATION / TRANSITION /UPDATION CHARGES

ONLY MSME REGISTRATION – ₹ 750

CURRENT OFFER

MSME REGISTRATION WITH GST – ₹ 1500
** first month GST returns filing FREE

DOCUMENTS & INFORMATION REQUIRED

WHO CAN APPLY

Any person who intends to establish a micro, small or medium enterprise may file for Udyam Registration. On registration, an enterprise (referred to as “Udyam” in the Udyam Registration portal) will be assigned a permanent identity number to be known as “‘Udyam Registration Number” and an e-certificate, namely, “Udyam Registration Certificate” shall be issued on completion of the registration process

AADHAAR / PAN /GSTN NUMBER

Aadhaar number shall be required for Udyam Registration with GSTN and PAN number. It shall be

  1. of the proprietor in the case of a proprietorship firm
  2. of the managing partner in the case of a partnership firm
  3. Karta in the case of a Hindu Undivided Family (HUF).
  4. Authorised signatory in case of a Company or a Limited Liability Partnership or a Cooperative Society or a Society or a Trust

OTHER INFORMATION AND DATA REQUIRED

  1. Mobile Number
  2. Email Id
  3. Social Category
  4. Physically Handicap . ,if any
  5. Type of Organization
  6. Pan Card Number
  7. Existing MSME Registration, if any
  8. Office Address & Factory Address
  9. Date of Commencement of Business
  10. Bank Account Number & IFSC Code
  11. Main Business Activity of Enterprise
  12. Nature of Business or Additional Details About Business
  13. Number of Male & Female Employees
  14. Investment in Plant & Machinery / Equipment
    Turnover

ADVANTAGES OF UDYAM REGISTRATION

Collateral Free Loans from Bank : The Credit Guarantee Fund Scheme (CGS) for Micro and Small Enterprises was launched by the Government of India to make available collateral-free credit to the micro and small enterprise sectors. This initiative guarantees funds to micro and small sector enterprises. Under this scheme, both the old as well as the new enterprises can claim the benefits.
Easy Clearance of Pending Payments: Under the MSME registration benefits, a buyer is expected to make a payment for the goods/services within 15 days of the purchase. If the buyer delays, the payment for more than 45 days, the enterprise is eligible to charge compound interest which is 3 times the rate notified by RBI. At times, the buyers of services or products from the MSME’s or SSIs tend to delay the payment. The settlement of such disputes must be done in minimum time through conciliation and arbitration.
Overdraft Facility with Interest Exemption : Businesses or enterprises registered as MSME/SSI under the MSME Act are eligible to avail a benefit of 1% on the overdraft as part of the Credit Guarantee Trust Fund Scheme. Although this can vary from bank to bank.
Patent Fees:Business enterprises registered under the MSME Act are given a hefty subsidy of 50 per cent for patent registration. This can be availed by sending an application to the respective ministry. In addition to this, one of the great MSME registration benefits is to get subsidy for industrial promotion suggested by the Government.
Some Concession on Electricity bills: They can avail concession on electricity bills.  Registered MSME have to submit the bill along with the application and copy of registered Certificate. 
Reimbursement of ISO Certification charges: Registered MSME‘s can claim the  expenses for reimbursement that were spent on ISO certification.
Government Tenders: Registered MSME‘s can get Government tenders easily. Tax Exemptions:  Registered MSME‘s get exemptions under direct tax laws

SERVICES OFFERED UNDER UDYAM

CHAMPIONS

Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength (CHAMPIONS) started with the following objectives.

  1. To help the MSMEs in this difficult situation in terms of finance, raw materials, labour, permissions, etc.
  2. To help the MSMEs capture new opportunities including manufacturing of medical items & accessories.
  3. To identify the sparks, i.e., the bright MSMEs who can withstand at present and become national and international champions

MSME SAMADHAN

Delayed Payments to Micro and Small Enterprises under Micro, Small and Medium Enterprise Development (MSMED) Act, 2006

  1. Ministry of MSME has taken an initiative for filing online application by the supplier MSE unit against the buyer of goods/services before the concerned MSEFC of his/her State/UT.
  2. The buyer is liable to pay compound interest with the monthly rests to the supplier on the amount at the three times of the bank rate notified by RBI in case he does not make payment to the supplier for his supplies of goods or services within 45 days of the acceptance of the goods/service rendered.
  3. All States/UTs have notified Authority for Filing Entrepreneur’s Memorandum, 33 States/UTs (i.e. except Arunachal Pradesh, Assam and Manipur) have Notified rules of MSEFC and all the 36 States/UTs have constituted MSEFCs, as per provisions laid down under MSMED Act 2006.
  4. Every reference made to MSEFC shall be decided within a period of ninety days from the date of making such a reference as per provisions laid in the Act.
  5. If the Appellant (not being the supplier) wants to file an appeal, no application for setting aside any decree or award by the MSEFC shall be entertained by any court unless the appellant (not being supplier) has deposited with it, the 75% of the award amount

MSME SAMMANDH

Public Procurement Policy Monitoring Portal

  1. The Public Procurement Policy for Micro and Small Enterprises (MSME) order 2012 has mandated Every Central Ministry/Department/PSU shall set an annual goal for procurement from the MSE sector at the beginning of the year, with the objective of achieving an overall procurement goal of minimum 25 per cent of the total annual purchases from the products or services produced or rendered by MSEs. Out of 25% target of annual procurement from MSEs.
  2. In order to make the Public Procurement Policy more effective, a Public Procurement Portal “MSME SAMBANDH” was launched on 8th December, 2017. The Portal tracks the procurement made by CPSEs from MSEs including SC-ST MSEs on a quarterly basis and contains the necessary information relating to the requirement of CPSEs in terms of items required, quantity, specifications, last purchase price etc. Therefore, the portal helps in effective monitoring while also enabling MSEs to build their capacities and participate in Public Procurement market.

MSME SAMPARKH

Placement Portal for MSME Technology Centre Trainee

  1. The MSME Sampark portal is a digital platform, wherein, jobseekers (passed out trainees / students of 18 MSME Technology Centres) and recruiters (various reputed national & multinational companies) register themselves for getting employment and getting right kind of manpower respectively.
  2. While major corporates have well-defined recruitment processes with a national reach, the challenge remains for small businesses and entrepreneurs to find the right person for the job with relevant experience and  skill-set. On the other hand, the job seekers struggle to match their skill sets with the role, position, required experience, monetary expectation, location & industry verticals leaves with too many parameters to be matched in a limited opportunity map. To bridge this gap between the Recruiters and Job Seekers, The Ministry of MSME has launched –   MSME SAMPARK

ENTERPRENUERSHIP AND SKILL DEVELOPMENT PROGRAMME (ESDP)

A. Investment In Plant & Machinery or Equipment

1. The calculation of investment in plant and machinery or equipment will be linked to the Income Tax Return (ITR) of the previous years filed under the Income Tax Act, 1961.

2. In case of a new enterprise, where no prior ITR is available, the investment will be based on self-declaration of the promoter of the enterprise and such relaxation shall end after the 31st March of the financial year in which it files its first ITR.

3. The expression “plant and machinery or equipment” of the enterprise, shall have the same meaning as assigned to the plant and machinery in the Income Tax Rules, 1962 framed under the Income Tax Act, 1961 and shall include all tangible assets (other than land and building, furniture and fittings).

4. The purchase (invoice) value of a plant and machinery or equipment, whether purchased first hand or second hand, shall be taken into account excluding Goods and Services Tax (GST), on self-disclosure basis, if the enterprise is a new one without any ITR.

5. The cost of certain items specified in the Explanation I to sub-section (1) of section 7 of the Act shall be excluded from the calculation of the amount of investment in plant and machinery.

B. Turnover

1. Exports of goods or services or both, shall be excluded while calculating the turnover of any enterprise whether micro, small or medium, for the purposes of classification.

2. Information as regards turnover and exports turnover for an enterprise shall be linked to the Income Tax Act or the Central Goods and Services Act (CGST Act) and the GSTIN.

3. The turnover related figures of such enterprise which do not have PAN will be considered on self-declaration basis for a period up to 31st March, 2021 and thereafter, PAN and GSTIN shall be mandatory.

C. Composite criteria of investment & Turnover for classification

1. A composite criterion of investment and turnover shall apply for classification of an enterprise as micro, small or medium.

2. If an enterprise crosses the ceiling limits specified for its present category in either of the two criteria of investment or turnover, it will cease to exist in that category and be placed in the next higher category but no enterprise shall be placed in the lower category unless it goes below the ceiling limits specified for its present category in both the criteria of investment as well as turnover.

3. All units with Goods and Services Tax Identification Number (GSTIN) listed against the same Permanent Account Number (PAN) shall be collectively treated as one enterprise and the turnover and investment figures for all of such entities shall be seen together and only the aggregate values will be considered for deciding the category as micro, small or medium enterprise.

4 SIMPLE STEPS TO REGISTER FOR GST

WHAT ARE THE DOCUMENTS YOU NEED TO SCAN

The documents that you need to scan depend on the structure of the organisation and have been spelt out above

1) Proof of business
2) Proof of authorisation given to director/partners etc.
3) Proof of identity of authorised signatories
4)
Proof of address of authorised signatories
5) P
roof of address of place of business

HOW DO YOU SEND US YOUR INFORMATION & PAYMENT

1) You mail all the scanned documents to us
2) You remit our full charges by bank transfer or through UPI like PayTM or Google Pay or Phone Pe etc.

WHAT IS VALIDATED

1) All documents that are submitted are validated for clarity of reading and completeness
2) Information not present in the supporting documents are validated are and updated in application
3) AADHAAR NUMBER IS VALIDATED
4) Uploaded application is validated by system and ARN (Acknowledgement Receipt Number) is generated

REGISTRATION DONE

1) If there are no further queries from the GST department your registration is done
2) In case the GST department has any queries or asks for further documents we will assist and close the process for getting your certificate

SOME POPULAR CERTIFICATE COMBOS

SOME OTHER IMPORTANT ASPECTS

A. Investment In Plant & Machinery or Equipment

  1. The calculation of investment in plant and machinery or equipment will be linked to the Income Tax Return (ITR) of the previous years filed under the Income Tax Act, 1961.
  2. In case of a new enterprise, where no prior ITR is available, the investment will be based on self-declaration of the promoter of the enterprise and such relaxation shall end after the 31st March of the financial year in which it files its first ITR.
  3. The expression “plant and machinery or equipment” of the enterprise, shall have the same meaning as assigned to the plant and machinery in the Income Tax Rules, 1962 framed under the Income Tax Act, 1961 and shall include all tangible assets (other than land and building, furniture and fittings).
  4. The purchase (invoice) value of a plant and machinery or equipment, whether purchased first hand or second hand, shall be taken into account excluding Goods and Services Tax (GST), on self-disclosure basis, if the enterprise is a new one without any ITR.
  5. The cost of certain items specified in the Explanation I to sub-section (1) of section 7 of the Act shall be excluded from the calculation of the amount of investment in plant and machinery

B. Turnover

  1.  Exports of goods or services or both, shall be excluded while calculating the turnover of any enterprise whether micro, small or medium, for the purposes of classification.
  2. Information as regards turnover and exports turnover for an enterprise shall be linked to the Income Tax Act or the Central Goods and Services Act (CGST Act) and the GSTIN.
  3. The turnover related figures of such enterprise which do not have PAN will be considered on self-declaration basis for a period up to 31st March, 2021 and thereafter, PAN and GSTIN shall be mandatory.

C. Composite criteria of investment & Turnover for classification

  1. A composite criterion of investment and turnover shall apply for classification of an enterprise as micro, small or medium.
  2. If an enterprise crosses the ceiling limits specified for its present category in either of the two criteria of investment or turnover, it will cease to exist in that category and be placed in the next higher category but no enterprise shall be placed in the lower category unless it goes below the ceiling limits specified for its present category in both the criteria of investment as well as turnover.
  3. All units with Goods and Services Tax Identification Number (GSTIN) listed against the same Permanent Account Number (PAN) shall be collectively treated as one enterprise and the turnover and investment figures for all of such entities shall be seen together and only the aggregate values will be considered for deciding the category as micro, small or medium enterprise.
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