Udyam Registration Enterprise Online Registration
Udyam Registration is new form of Registration under MSME Act 2006 Earlier this process was known as MSME Registration / Udyog Aadhar Registration
Udyam Registration
Hassle free expert advise
Migration Registration of Enterprise
Get Free Consultation
OUR PACKAGE
Registration of Enterprise under Udyam Registration
Assistance in Understanding the Classification of MSME/ Udyam Registration
Migration of EM–Part-II or UAM (udyog Aadhar) Registration to the new System
Dedicated Account Manager
DOCUMENTS REQUIRED FOR UDYAM REGISTRATION (EARLIER KNOWN ASUDYOG AADHAR REGISTRATION)
Below, you will find the details and documents that you will require for completing the registration process in order to obtain Udyog Aadhar for your enterprise.- Name and Aadhar number of the business owner (as mentioned in the Aadhar card)
- Document required as proof for SC, ST and OBC social category
- Name of your organization or enterprise
- Previous registration details of your enterprise
- Type of organization that you own
- Current address and account details
- NIC Code or National Industrial Classification Code
- The total number of workers employed at your organization
- Current activities of your firm
- Email ID and mobile number of the entrepreneur
- PAN number and the total investment made in the organization by the entrepreneur
What is Udyam Registration in enterprise registration?
Udyam Registration is new form of Registration under MSME Act 2006 Earlier this process was known as MSME Registration / Udyog Aadhar Registration Under the new registration all existing Udyog Aadhar holders along with At Virtual Auditor, we provide end to end support in transaction to new udyam registration scheme with the compliance
MICRO ENTERPRISE in UDYAM REGISTRATION | SMALL ENTERRISE in UDYAM REGISTRATION | MEDIUM in UDYAM REGISTRATION | ||||
Particulates | Turnover | Investment In Plant & Machinery | Turnover | Investment In Plant & Machinery | Turnover | Investment In Plant & Machinery |
Manufacturing Business Service Business | Not Exceeding Rs 5 Crores | Not Exceeding Rs 1 Crores | Not Exceeding Rs 50 Crores | Not Exceeding Rs 10 Crores | Not Exceeding Rs 250 Crores | Not Exceeding Rs 50 Crores |
Becoming a micro, small or medium enterprise under Udyam
- 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.
Udyam Registration Process
- The form for registration shall be as provided in the Udyam Registration portal.
- Aadhaar number shall be required for Udyam 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.
Migration of Existing Registration under MSME/ Udyog Aadhar to UDYAM Registration
All existing enterprises registered under EM–Part-II or UAM shall register again on the Udyam Registration portal on or after the 1 st day of July, 2020.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.
In a nutshell all existing MSME registed under EM Part – II or UAM Shall register under the new system
Updating of information and transition period in classification
An enterprise having Udyam Registration Number shall update its information online in the Udyam Registration portal, including the details of the ITR and the GST Return for the previous financial year and such other additional information as may be required, on self declaration basis. Failure to update the relevant information within the period specified in the online Udyam Registration portal will render the enterprise liable for suspension of its status. MSME Ministry vide Notification No. S.O.2119 (E), dated the 26th June, 2020 has updated the definition and the process under Micro, Small and Medium Enterprises Development Act, 2006 falling under the MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISESWHY SHOULD I APPLY FOR UDYAM REGISTRATION & WHAT BENEFITS I CAN GET?
- Aatma Nirbhar Bharat Abhiyaan (Benefits under the 3 Lakh Crore Schme announced by Credit Facilities without Collateral (Schemes discussed below)
- Decision: Emergency Credit Line to Businesses/MSMEs from Banks and NBFCs up to 20% of entire outstanding credit as on 29.2.2020
- Borrowers with up to Rs. 25 crore outstanding and Rs. 100 crore turnover eligible
- Loans to have 4 year tenor with a moratorium of 12 months on Principal repayment
- Interest to be capped
- 100% credit guarantee cover to Banks and NBFCs on principal and interest
- Scheme can be availed till 31stOct 2020
- No guarantee fee, no fresh collateral
- Capital Subsidies for various manufacturing and service sector units
- Incentives for various manufacturing and service sector units
- 1 % Interest Reduction on Overdraft Loans and other loans
- Startup India Scheme for Innovative Companies - 3 out of 10 Years - No Income Tax to be paid - Allowed as Deduction - Companies up to 10 Years in Existence are still considered Startup - This is Free
- Generator Subsidy
- Concessions on Electricity Bills
- Subsidy on Patent Registration and few Trademarks
- ISO Certification Charges Reimbursement
- MDA Scheme for Registration for Bar Coding
- Special Incentives for Companies Manufacturing COVID-19 Products like - COVID Testing Kits, Sanitizers (Alcohol Based), Ventilators, PPE Kits, 3Ply Surgical Masks, KN95 Masks/ N95 Masks, Hospital Mattresses & Pillows, Multipara Monitors, Medical Oxygen
- Allows credit for minimum alternate tax (MAT) to be carried forward for up to 15 years instead of 10 years
- There are many government tenders which are only open to the MSME Industries
- Business registered under MSME is given higher preference for government license and certification.
- Support if you are starting an Incubation Center.
- Incentives for Employment Generation.
What are the activities specifically excluded from coverage under Udyam Registration?
Ministry of Micro, Small and Medium Enterprises (MSME) has clarified as per notification S.O 2576 (E) dated 18.09.2015 and subsequent notification no S.O 85(E) dated 10.1.2017, activities that would be specifically not included in the manufacturing or production of commodities or rendering of services as per Section 7 of the said Act.- 1. Forest and Logging
- 2. Fishing and aquaculture
- 3. Wholesale, retail trade and repair of motor vehicle and motorcycles
- 4. Wholesale trade except for motor vehicles and motorcycles.
- 5. Retail Trade Except of Motor Vehicles and motor cycles
- 6. Activities of households as employees for domestic personnel
- 7. Undifferentiated goods and services producing activities of private households for own
- 8. Activities of extraterritorial organisations and bodies Exchanges.
FAQ ON UDYAM REGISTRATION
UDYAM Registration is new process of registration for MSME under the revised guidelines
Yes , as per the notification all existing MSME Registered and Udyog Aadhar registered members need to re-register
The Validity of the current registration is upto 31st March 2021, post which it would expire Is UDYAM Registration interlined with Income Tax & GST As per the Government Notification all the data are interlinked with GST and Income ,the investment declared in ITR and GST shall be matched Extract from the notification
“(1) An enterprise having Udyam Registration Number shall update its information online in the Udyam Registration portal, including the details of the ITR and the GST Return for the previous financial year and such other additional information as may be required, on self-declaration basis.
(2) Based on the information furnished or gathered from Government’s sources including ITR or GST return, the classification of the enterprise will be updated. (4) In case of graduation (from a lower to a higher category) or reverse-graduation (sliding down to lower category) of an enterprise, a communication will be sent to the enterprise about the change in the status.”
“(1) An enterprise having Udyam Registration Number shall update its information online in the Udyam Registration portal, including the details of the ITR and the GST Return for the previous financial year and such other additional information as may be required, on self-declaration basis.
(2) Based on the information furnished or gathered from Government’s sources including ITR or GST return, the classification of the enterprise will be updated. (4) In case of graduation (from a lower to a higher category) or reverse-graduation (sliding down to lower category) of an enterprise, a communication will be sent to the enterprise about the change in the status.”
As the UDYAM Registration notification the failure to submit will result in suspension of the registration Extract of the Notification “Failure to update the relevant information within the period specified in the online Udyam Registration portal will render the enterprise liable for suspension of its status
The Upgrade or downgrade will done on yearly basis ,that if the registration has been done as small it will continue to be small till the end of the financial and vice versa for down grade Extract of the Notification,
In case of an upward change in terms of investment in plant and machinery or equipment or turnover or both, and consequent reclassification, an enterprise will maintain its prevailing status till expiry of one year from the close of the year of registration. In case of reverse-graduation of an enterprise, whether as a result of re-classification or due to actual changes in investment in plant and machinery or equipment or turnover or both, and whether the enterprise is registered under the Act or not, the enterprise will continue in its present category till the closure of the financial year and it will be given the benefit of the changed status only with effect from 1st April of the financial year following the year in which such change took place.”
In case of an upward change in terms of investment in plant and machinery or equipment or turnover or both, and consequent reclassification, an enterprise will maintain its prevailing status till expiry of one year from the close of the year of registration. In case of reverse-graduation of an enterprise, whether as a result of re-classification or due to actual changes in investment in plant and machinery or equipment or turnover or both, and whether the enterprise is registered under the Act or not, the enterprise will continue in its present category till the closure of the financial year and it will be given the benefit of the changed status only with effect from 1st April of the financial year following the year in which such change took place.”