MSME stand for Micro, Small and Medium Enterprises. Until the Atma Nirbhar Package announced by our Finance Minister in May, 2020, there was no fixed definition of MSME. The classification of these enterprises was done on the basis of manufacturing and service sector. But afer the Atma Nirbhar Package, this difference between the manufacturing sector and service sector has been removed. The classification of these enterprises is now done on the basis of investment and turnover. The process of MSME registration is known as Udyam and the registration process is known as MSME Udyam Registration. Formerly, this process was known as Aadhaar Udhyog Registration.
What was the earlier classification of MSME before the Atma Nirbhar Package?
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How is classification of MSME done now post Atma Nirbhar Package?
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Where can I register for MSME?
MSME can be registered only through MSME Government Portal. Through this portal, the user can register for new MSME or re-register already registered Entrepreneurs Memorandum, Part-II (EM-II) or Udyog Aadhaar Memorandum. This portal is reliable and trustworthy, as it is managed and handled by Ministry of Micro, Small and Medium Enterprises.
What are the various options of registration on MSME Portal?
On visiting the MSME Portal, the user will be able to see 3 options namely:
– For new Entrepreneurs, who are not registered yet as MSME or those with EM-II
– For those who already having registration as UAM
– For those who already having registration as UAM through Assisted filing
Things user must know before applying for MSME Registration
– Government has organised a full system of Facilitation for Registration Process
– An enterprise for the purpose of this process will be known as Udyam and its Registration Process will be known as ‘Udyam Registration’
– A permanent registration number will be given after registration.
– After completion of the process of registration, a certificate will be issued online.
– 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.
– The single window systems at Champions Control Rooms and at DICs will helps the user in this process.
– Registration process is totally free. No costs or fees are to be paid to anyone.
Guidelines by Ministry of MSME, Government of India
– MSME Registration is free, paperless and based on self- declaration
– 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.
– Only Aadhaar Number will be enough for registration.
– PAN & GST linked details on investment and turnover of enterprises will be taken automatically from Government data bases.
– The online system will be fully integrated with Income Tax and GSTIN systems.
– Having PAN & GST number is mandatory from 01.04.2021.
– Those who have EM-II or UAM registration or any other registration issued by any authority under the Ministry of MSME, will have to re-register themselves.
– No enterprise shall 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.
MSME Registration Process
MSME registration is done thorough Aadhaar number. Therefore, it is a compulsory document to register for MSME. The registration can be done on the basis of user
– Having PAN
– Having no PAN
MSME Registration for users having PAN
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Registration Details is started with the following procedure
Step 11: After Verification of PAN, Udyam Registration box will appear to fill the details
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MSME Registration for users not having PAN
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Step 3: MSME Udyam Registration Details is started with the following procedure
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Please note that the user must provide its correct mobile number and e-mail Id to register for Udyog MSME registration.
After following the above steps and procedures, the MSME Udyam Registration can be obtained in 3 working days.
Follow these steps to obtain your MSME registration today or simply contact our experts at TaxHelpdesk.in to get your MSME registration in no time!
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