UDYAM REGISTRATION

UDYAM AADHAR REGISTRATION

UDYAM Registration is a government registration that is provided along with a recognition certificate and a unique number. This is to certify small/medium businesses or enterprises previously known as MSME Registration.

WHAT ARE THE BENEFITS OF UDYAM REGISTRATION?

1. Protection against delay in payment.
2. Fast resolution of disputes
3. Collateral Free loans from a bank
4. Exclusive consideration for participating in the international trade fair
5. Octroi benefits
6. Waiver of Stamp duty and Registration fees
7. Several Exemption under Direct Tax Laws
8. Barcode registration subsidy
9. Subsidy on NSIC Performance and Credit ratings
10. Counter Guarantee from GOI through CGSTI
11. Reduced rate of interest from banks
12. 15% subsidy under CLCSS scheme for technology up gradation
13. Exemptions while applying for Government tenders
14. Concession in Electricity Bills
15. Reimbursement of payment made for obtaining ISO certification
16. 1% exemption in interest on OD
17. Increasing eligible loan limit for optimal reasons, from the amount of Rs. 25 lakh to Rs. 50 lakh
18. Raising the extent of guarantee cover from 75 % to 80 %
19. Reservation of products for exclusive manufacturing by MSME/SSI
20. Easier registration and approvals to obtain Licenses
21. Eligible for IPS subsidy
22. Preference in the allocation of Government tenders
23. Excise Exemption Scheme
24. Reduced rate of interest from banks
25. 50% subsidy for patent registration

WHO CAN GET UDHYAM REGISTRATION (MSME REGISTRATION)

Any business entity like Proprietorship, Partnership Firm, LLP, and Company can get the UDYAM certificate with the Aadhar no of their proprietor or director based on their Investment and turnover of the business.

As per the Notification of MSME Ministry dated 01.06.2020 Classification criteria  for MSME is revised w.e.f 1st July 2020 as follows

NOTE: FOR THE CLASSIFICATION OF THE STATUS OF MSME BOTH THE INVESTMENT AND TURNOVER WILL BE CONSIDERED

DOCUMENT REQUIREMENT FOR UDYAM REGISTRATION

1.  Aadhar, PAN, GST, and Aadhar link mobile no
2.  Udyam Certificate will be linked with PAN and GST, so Investment and turnover details will be auto-filled with the government database.
3. Having PAN and GSTIN is a compulsory requirement for registration w.e.f  01.04.2021
4. All exiting MSME holders are required to update their PAN and GST details on the portal till 31.03.2021.
5. For a new entity turnover and investment will be based on self-declaration only.

TIME PERIOD

7-10 working days for cross verification of details from the PAN and GST database.

FOR ANY QUERY LET US KNOW ON caprakash69sharma@gmail. com or 9116098996