Get detailed information and help with URN MSME Registration. Small and medium-sized enterprises are welcome! The government has finally issued the entire guidelines and procedure for classification and registration of MSMEs, as we announced on June 1st. It will take effect on July 1, 2020. The MSME registration process will be entirely online, paperless, and self-declaratory. The registration of an MSME will not necessitate the submission of any documents or proof. The Aadhaar number alone will suffice. The URN (Udyam Registration Number) will be a permanent identification number. There’s no need to renew. The rest of the information will be pulled from government databases automatically. The online system of the Udyam Registration Portal is fully connected and synchronised with the Income Tax and GST systems. You must register or re-register your business on or after July 1st. Champions Control Rooms & DICs’ single window systems will assist you in this procedure. Radium Box Team will only assist you with registering on the government’s official website, which is called “Udyam Registration.” If you want assistance with registration, please click here.
Check out all of the information on Udyam Registration
Another facility for Micro, Small, and Medium Enterprises was recently opened (MSMEs), The Modi government has initiated a new MSME registration process. It is known as Udyam Registration, and it will begin on July 1, 2021. The MSME Ministry has established a new platform for Udyam Registration. The gateway walks entrepreneurs through everything they need to know and what they should do step by step. The Modi government has set up a robust system of registration facilitation using this portal.
The following are the most important things to know regarding the Udyam Registration Process:-
- MSME registration is entirely electronic, requiring no paper, and is based on self-declaration.
- When registering an MSME, there is no need to upload any paperwork or proof.
- Registration will necessitate the use of an Aadhaar number.
- Once you’ve completed the registration process, you’ll be given a registration number.
- An Udyam Registration Certificate will be issued once the registration process is completed.
- This certificate will include a dynamic QR code that will allow you to visit our Portal’s web page as well as information about our company.
- Your registration will not need to be renewed.
- Details on business investment and turnover connected to PAN and GST would be retrieved automatically from various government data systems.
- The online system for the MSME Ministry would be fully connected with the Income Tax and GST IN systems.
- Those possessing an EM-II or UAM registration, or any other Ministry of MSME registration, will need to re-register.
- No business should have more than one Udyam Registration. However, any number of activities, including manufacturing, service, or both, can be defined or added to a single Registration.
- The government’s facilitation tool, known as single window systems, will aid citizens in this procedure at Champions Control Rooms and DICs.
- The process of registering is absolutely free. There are no costs or fees to be paid in this case.
As the Union Ministry of Micro, Small and Medium Enterprises has already stated (MSME), The new process of enterprise classification and registration will begin on July 1, 2021, as per the Notification dated June 26, 2021. In a statement, the Ministry of Micro, Small and Medium Enterprises said, “An enterprise for this purpose would be known as Udyam, and its Registration Process will be known as ‘Udyam Registration.”
Who is in charge of Udyam Registration
In India, the MSMED Act 2006 governs it, which is administered by the Ministry of Micro, Small, and Medium Enterprises.
- Micro Enterprises: It is a company with an initial investment of INR 1 crore and a yearly turnover of INR 5 crores.
- Small Enterprises: It is a company with a capital investment of INR 10 crore and a yearly turnover of INR 50 crores.
- Medium Enterprises: It is a company with a capital of INR 20 crore and a yearly revenue of INR 200 crores.
WHAT ARE THE BENEFITS OF UDYAM REGISTRATION FOR BUSINESS?
After registering a business and getting Udyam Registration, one will be able to take advantage of a number of benefits. Here are some of the most important advantages:
- Registration with Udyam facilitates the acquisition of government tenders.
- Because the interest rate is so low, bank loans become more available as a result of the Udyam.
- Udyam qualifies for a number of tax benefits.
- Obtaining licences, approvals, and registrations becomes simple, regardless of the industry of business.
- For government license and certification, enterprises registered via Udyam are given a higher priority.
- They gain solid credit with cheaper interest rates.
- Registered Udyams provide tariff, tax, and capital subsidies.
- Registration aids in the reduction of the expense of obtaining a patent or the cost of establishing an industry. Many allowances and concessions are available to aid.
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