Service Details

What is Udyam Registration?

Udyam Registration is a simple and easy process for all units which are eligible to get covered under the new concept of MSME’s provided by the Government of India. Now, Udyog Aadhar Registration will be considered as Udyam Registration.
Every start-up and MSME (Ministry of Micro, Small, and Medium Enterprise) company gets useful perks of the various schemes launched by the Government by getting themselves registered under New MSME Legislations.

EntrepreneurCell is providing specialists services for MSME Registration:-

  • Verification of data: Close check-up of all the submitted files
  • MSME Registration can be done by the corporation of the following sizes:-
  • Medium
  • Micro
  • Under the MSME Act, these small businesses get various incentives such as:
  • Priority sector lending
  • Capital investment
  • Tax exemptions
  • To get these benefits to register with MSME is now easy with EntrepreneurCell which will assist you with complete guidance and get the approval from the department in an easy way.

Benefits of Udyam Registration:-

  • Collateral free loans from banks upto 1 Cr without mortgage/collateral
  • Protection against delayed payments, against services/material, supplied
  • Special beneficial reservation policies in the production or manufacturing field
  • Ease of obtaining registrations, licenses, and approvals
  • Interest rate subsidy on bank loans
  • MSME Registered unit become permitted for CLCSS (credit linked capital subsidy scheme)
  • International trade fair special consideration
  • Government security deposit (EMD) waiver (Useful while participating tenders)
  • Concession on electricity bills
  • Stamp duty and registration fees waiver
  • ISO certification fees reimbursement
  • Direct tax laws rules exemption
  • Patent registration subsidy
  • NSIC performance and credit rating fees subsidy
  • Trademark registration subsidy

Eligibility of Udyam Registration:-

  • You are a sole proprietor which means you are an individual owner of your business
  • You have a partnership company with the other associate party
  • You own a One Person Company(OPC)
  • You are a part of a limited liability partnership
  • You own a private limited company
  • You own a co-operative society
  • You are working with an association with other people.

Documentation of Udyam Registration:-

  • The Aadhar number must be of the proprietor in the case of a proprietorship firm, and it should be of the managing partner in the case of a partnership firm.
  • In the case of a Limited Liability Partnership or a Company or a Cooperative Society or a Trust, the organization or its authorized signature would be provided its PAN along with its Aadhar number.

Necessary documents for Online GST Registration :

  • Sole Proprietorship

Address proof and PAN Card of sole proprietor

  • Partnership deed/LLP Agreement
  • PAN Card, Aadhar Card, and photographs of all partners
  • LLP Agreement
  • Partners’ name and address proof
  • Private Limited Company/One person company :
  • Company’s PAN Card
  • Certification of Registration
  • Articles of Association, AoA
  • Memorandum of Association, MoA
  • Identity and address proof of directors

What is MSME/SSI?

  • Micro Enterprise
When a business sets under 25lakhs rupees in a specific business in the manufacturing sector comes under Micro Enterprise.
  • Small Enterprise

Small Enterprise is the one which has set more than 25 lakhs and below 5 corers that comes under the manufacturing sector and when the industry invests more than 10 lakhs and less than 2 crores under the services sector which comes under the Small Enterprise.

  • Medium Enterprise
  •  Medium Enterprise are the ones which have set more than 5 crores and below 10 crores that comes under the manufacturing sector and when the industry invests more than 2 crores and less than 5 crores under the services sector which comes under the Small Enterprise.
  • Small Scale Industries(SSI)
  • It is a kind of company which manufactures goods and services with the assistance of proportionately smaller machines and a few workers and employees. The limit of investment for Small Scale Industries are mentioned as below:-
  • Investment in plant and machinery should be between 25 lakhs and 5 crores for the manufacturing industries.
  • Investment in plant and machinery should be between 10 lakhs and 2 crores for the manufacturing industries.
     

FAQs

What is GST?

A. The Goods and Services Tax is a unified, multi-stage, and consumption-based tax collect on the supply of goods and services, which unite all stages such as manufacture, sale, and consumption of goods and services. It functions at a national level in the matter to restore most of the national and state tax systems like VAT, services tax, excise duty, etc.

An offender who is not paying tax or making short payments has to pay a penalty of 10% of the tax amount due to be subject to a minimum of Rs.10,000. It will be 100% of the tax amount due when the offender has intentionally avoided paying taxes.

GST is required to obtain when your turnover exceeds the specified threshold limits.

If you are a business owner which operates businesses from more than one state, the taxpayer must obtain a separate GST registration for each state.

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