Udyam registration is the first step in your journey as an Industrialist.
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In the last four decades there has been a phenomenal growth in the micro small and medium enterpises in India. Now MSME is the backbone of the Indian economy .Its because India has now more than 7.9 million msme as of 27th march 2022 as per the ministry of micro small and medium enterprises.
If you are enterpreneur and engaged in the manufacturing or service sector, and comes under the defination of MSME than ,its utmost important and prudent to register your business as a msme by doing the udyam registration.
To know to which specific category of MSME you fall please see the below criteria:-
Manufacturing enterprise and enterprise rendering services– you are micro enterprise if you have less than 1 crore investment in the plant and machinery and annual turnover not above rupees 5 crore.
Manufacturing enterprise and enterprise rendering services– you are micro enterprise if you have less than 10 crore investment in the plant and machinery and annual turnover not above rupees 50 crore.
Manufacturing enterprise and enterprise rendering services- you are micro enterprise if you have less than 50 crore investment in the plant and machinery and annual turnover not above rupees 250 crore.
Because the ministry of micro small and medium enterprises which governs the MSME sector India is continuously pushing for the growth of this sector by providing various incentives ,subsidy and grants to the registered MSME’s.
So if your business falls under any of the above category than do the udyam registration under MSME.
There are huge benefits of Udyam registration.
Registering and getting udyam registration is very simple.It is completely paperless as everything is online and it takes just few minutes to obtain the udyam registration.
To do the udyam registration you should visit the main government site https://udyamregistration.gov.in/ and follow as instructed on the website.
Beside the above mentioned government website there is another eight government sites on which you can do the udyam registration.You can check it on the government site https://udyamregistration.gov.in/
Things you must know about Udyam registration:-
- An enterprise for the purpose of this registration will be called as udyam and the process will be called udaym registration process.
- A permanent registration number will be given after registration.
- After registration process a udyam registration certificate will be also given.
- This certificate will have a dynamic QR Code from which the web page on the government portal https://udyamregistration.gov.in and details about the enterprise can be accessed.
- There will be no need for renewal of Registration.
- Our single window systems at Champions Control Rooms and at DICs will help you in the process.
- Registration Process is totally free. No Costs or Fees are to be paid to anyone.
8. MSME Registration is free, paperless and based on self- declaration
Things you must follow for udyam registration:-
MSME registration process is completely online, paperless and based primarily on self-declaration.
you will not be asked any documents or proof for registering an MSME.
Simply having a Adhaar Number is enough for registration.
PAN & GST linked details on investment and turnover of enterprises is taken automatically from Government data bases.
The government website is fully online system and is fully integrated with Income Tax and GSTIN systems.So they will fetch the necessary Tax and GSTIN details from the departments.
Having PAN and GSTIN (As per applicablity of CGST Act 2017 and as notified by the ministry of MSME vide S.O. 1055(E) dated 05th March 2021) is required for Udyam Registration with effect from 01.04.2021.
Those who have EM-II or UAM registration or any other registration issued by any authority under the Ministry of MSME, will have to re-register themselves.
No enterprise shall file more than one Udyam Registration. However, any number of activities including manufacturing or service or both may be specified or added in one Registration.
Benefits of Udyam registration