MSMEs alert! NO FEE - TOTALLY FREE! New process takes off - Check all details of Udyam Registration here
Registration Process is totally free. No Costs or Fees are to be paid in this regard.
In yet another facility for Micro, Small and Medium Enterprises (MSMEs), Modi government has started a new process of MSME Registration. It is called Udyam Registration and it starts from 1st July, 2020. www.udyamregistration.gov.in - a new portal for Udyam Registration has been launched by the MSME Ministry. The portal guides the entrepreneurs step by step as to what they should know, what they should do. By means of this portal, Modi government has organised a full system of facilitation for registration process.
Here are top things to know about Udyam Registration Process:-
-MSME registration process is fully online, paperless and based on self-declaration
-No documents or proof are required to be uploaded for registering an MSME
-Aadhaar Number will be required for registration
-A Registration number will be given after registration
-After completion of the process of registration, an Udyam Registration Certificate will be issued
-This certificate will have a dynamic QR Code from which the web page on our Portal and details about the enterprise can be accessed
-There will be no need for renewal of Registration
-PAN & GST linked details on investment and turnover of enterprises will be taken automatically from the respective Government data bases
-MSME Ministry's online system will be fully integrated with Income Tax and GSTIN systems
-Those who have EM-II or UAM registration or any other registration issued by any authority under the Ministry of MSME, will also have to re-register themselves
-No enterprise is supposed to 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
-Government 's Facilitation mechanism in the name of single window systems at Champions Control Rooms and at DICs will help people in this process
-Registration Process is totally free. No Costs or Fees are to be paid in this regard.
"As already declared by the Union Ministry of Micro, Small and Medium Enterprises (MSME), vide the Notification Dated 26th June, 2020, the new process of Classification and Registration of enterprises is starting from 1st July, 2020. An enterprise for this purpose will be known as Udyam and its Registration Process will be known as 'Udyam Registration', " Ministry of Micro,Small & Medium Enterprises said in a statement.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.