MSME Registration

MSME/UDYAM REGISTRATION

STARTING AT RS 1,000/-*

Takes 1 Day

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What Is MSME/Udyam Registration?

MSME- an abbreviation of Micro, Small & Medium enterprises- is the pillar of economic growth in many developed, and developing countries in the world. MSME or SSI enterprises are the foundation of any economy and are an engine of economic growth, advancing impartial improvement for all. Micro, Small & Medium enterprises has emerged as a highly vibrant and dynamic sector of Indian Economy in the last 5 decades. To encourage the growth of MSME, both state and central governments have conceptualized it in such as a way as to provide maximum benefits to the enterprises falling under the MSME sector.

Definitions of Micro, Small & Medium Enterprises

An enterprise shall be classified as a micro, small or medium enterprise on the basis of the following criteria, namely: —

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;
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
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.

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

Any person who intends to establish a micro, small or medium enterprise may file Udyam Registration online in the Udyam Registration portal, based on self-declaration with no requirement to upload documents, papers, certificates or proof. 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”. An e-certificate, namely, “Udyam Registration Certificate” shall be issued on completion of the registration process.

MSME/Udyam Registration Process

The form for registration shall be as provided in the Udyam Registration portal. There will be no fee for filing Udyam Registration/MSME Registration. Aadhaar number shall be required for Udyam Registration/MSME Registration. The Aadhaar number shall be of the proprietor in the case of a proprietorship firm, of the managing partner in the case of a partnership firm and of a karta in the case of a Hindu Undivided Family (HUF). In case of a Company or a Limited Liability Partnership or a Cooperative Society or a Society or a Trust, the organisation or its authorised signatory shall provide its GSTIN and PAN along with its Aadhaar number. In case an enterprise is duly registered as an Udyam with PAN, any deficiency of information for previous years when it did not have PAN shall be filled up on self-declaration basis. No enterprise shall file more than one Udyam Registration/MSME Registration, provided that any number of activities including manufacturing or service or both may be specified or added in one Udyam Registration. Whoever intentionally misrepresents or attempts to suppress the self-declared facts and figures appearing in the Udyam Registration or updation process shall be liable to such penalty as specified under section 27 of the Act.

Important Points To Consider While MSME/Udyam Registration Process?

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. 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 31^st March of the financial year in which it files its first ITR.

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).

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. 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.

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. 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. 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.

All existing enterprises registered under EM–Part-II or UAM shall register again on the Udyam Registration portal on or after the 1st day of July, 2020. All enterprises registered till 30th June, 2020, shall be re-classified in accordance with this notification. The existing enterprises registered prior to 30th June, 2020, shall continue to be valid only for a period up to the 31stday of March, 2021. An enterprise registered with any other organisation under the Ministry of Micro, Small and Medium Enterprises shall register itself under Udyam Registration.

BENEFITS OF MSME REGISTRATION?

Participate in the International Trade Fairs
Benefits from Central Government Schemes
Collateral Free Loan
Preference in the Government Tenders
Get Subsidy on the Patent Registration
Protection against delayed payment
Get Subsidy on Trademark Registration

(*) Important Note- The Consultant Guru is NOT an agency/representative/franchise of Government of India. We are a private organisation, our services and charges are private and advisory in nature. Government does not charge any fees for MSME registration.

How We Work

Consult Our Experts

Once you fill in the above details, our expert will call you to understand your requirements in a better way and to brief you about the entire registration process and suggest you the course of action. Upon confirmation of our engagement by you, we will dedicate you a relationship manager who will take care of all your needs.

Send Documents Via Email

We at The Consultant Guru, work towards minimizing the hassles of the client, keeping this moto in mind our executives will give you a single check list of documents needed so that we don’t bother you time and again for documents. In case you are short of a few documents, our consultants help you to provide us the maximum possible alternative documents.

Payments & Filings

We believe in the moto of “Pay as we work”. This requires you pay us step by step in 2 tranches instead of giving the whole sum in one shot. The Consultant Guru facilitate payments through secure online payment gateway. After successfully providing the set of documents and partial payment, our experts will start working and provide with regular updates. You will only be required to pay the final sum upon receiving the Certificate of Registration.

Frequently asked questions

Is Aadhaar Card Mandatory for MSME Registration?

At present Aadhaar Number is mandatory for issuance of MSME Certificate.

What is the defination of MSME?

The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is as under: Enterprises engaged in the manufacture or production, processing or preservation of goods as specified below:

A micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 25 lakh;
A small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore;
A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore.

When a MSME Registration Certificate will be issued?

After filing online msme application form, MSME Registration Certificate will be issued immediately and send at your email.

Will a physical copy of the Certificate will be issued?

In the interest of environment no physical copy of MSME Certificate will be issued. Government believes in paperless work.

What is the difference between MSME Registration and SSI Registration?

There is no difference between MSME Registration and SSI Registration. Earlier MSME Registration was know as SSI Registration.

What are the chances of rejection of MSME Application?

Every application will be approved. No application will be rejected. Application will be approved on the basis of information provided by applicant.

THE CONSULTANT GURU

The Consultant Guru is a web portal owned and managed by Amrit Pal Singh & Co.

Email: info@theconsultantguru.com

Phone: 8178985151, 8287569721