The Micro, Small and Medium Enterprise Development (MSMED) Act, 2006 contains provisions of Delayed Payment to Micro, Small and Medium Enterprises (MSEs). (Section 15- 24). State Governments to establish Micro and Small Enterprise Facilitation Council (MSEFC) for settlement of disputes on getting references/filing on Delayed payments. (Section 20 and 21).
MSME Registration is necessary for availing specific government schemes, benefits and subsidies for your business enterprise. Presently, there are no mandatory requirements to register an enterprise under MSME Act. However, there are certain benefits afforded by the government with taxes etc. which will be available if one registers his entity as MSME.
The Micro, Small, and Medium Enterprise Development (MSMED) Act, 2006, allows you to get your MSME registration now. The Micro, Small, and Medium Enterprise Registration process will be entirely online through the Udyam portal. GST is not compulsory for enterprises that do not require a GST registration under the GST law. MSME Registration will be done online on the Udyam portal. You can get your MSME registration quickly and easily and with minimal documentation required. We provide all types of MSME registrations such as Udyam registration, SSI Registration, Udyog Registration, PLI Registration, Cooperative Society registration, and PF and ESI registration services. Our benefits are Manual/Digital Signature. There is no need to submit hard copy documents online compatible with android mobile phone Free Email Service at your desired address until registration is done. MSME Registration Process registers micro, small, and medium enterprises in India under the Udyam registration scheme. The Indian government has taken many steps to ensure that all companies, including MSEs (Micro, Small and Medium), get registered on the Udyam Registration Portal integrated with the Income Tax and GST Systems.
The MSME Registration Process will be fully online through the Udyam portal, and enterprise details like GSTIN approval and Income Tax numbers linked to GSTIN are available in the portal instantly. The Indian government has taken steps to ensure that all companies, including MSEs (Micro, Small, and Medium) get registered on the Udyam Registration Portal integrated with the Income Tax and GST Systems. GST is not compulsory for enterprises that do not require a GST registration under the GST law. The enterprises that need to compulsorily obtain GST Registration under the GST regime need to have GST registration for obtaining Udyam Registration. The registration process for MSMEs can be done in the Udyam Registration Portal by clicking on “For New Entrepreneurs who are not Registered yet as MSME or those with EM-II.”
MSME in the manufacturing sector can be identified if:
- Micro enterprises – The investment doesn’t exceed Rs 25 lakh
- Small enterprises – The investment is more than Rs 25 lakh but doesn’t exceed Rs 5 crore
- Medium enterprises – The investment is more than Rs 5 crore and doesn’t exceed Rs 10 crore
- MSME in the service sector can be identified if:
- Micro enterprises – The investment doesn’t exceed Rs 10 lakh
- Small enterprises – The investment is more than Rs 10 lakh but does not exceed Rs 2 crore
- Medium enterprises – The investment is more than Rs 2 crore but doesn’t exceed Rs 5 crore
Documents required for MSME Registration:
- Aadhar number.
- PAN number.
- Address of the business.
- Bank account number.
- The basic business activity.
- NIC 2-digit code.
- Investment details (Plant/equipment details).
- Turnover details (as per new MSME definition).
- Partnership deed.
- Sales and purchase bill copies.
- Copies of licenses and bills of purchased machinery.
