Step-by-Step Tutorial: MSME Registration on Udhyam Registration Portal in India

Posted on August 6, 2023 by Fastlegal Team

In India, MSME (Micro, Small, and Medium Enterprises) registration is crucial for businesses to avail of various benefits provided by the government. The Udhyam Registration Portal is an online platform that simplifies MSME registration. This step-by-step tutorial will guide you through the process of MSME registration on the Udhyam portal.

Step 1: Access the Udhyam Registration Portal

Visit the official website of the Udhyam Registration Portal by typing the URL https://www.udhyamregistration.gov.in into your browser’s address bar. Once the website loads, proceed to the next step.

Step 2: Create a New Account

On the Udhyam Registration Portal’s homepage, click on the “New User? Register here” button. Enter the necessary details such as your name, email address, mobile number, and password. After filling in the required information, click on the “Register” button to create your account.

Step 3: Verify Your Mobile Number and Email Address

After registering, you will receive a verification link on your email address and an OTP (One-Time Password) on your registered mobile number. Verify both your email address and mobile number by clicking the verification link and entering the OTP respectively.

Step 4: Provide Business Information

Once your account is verified, log in to the Udhyam Registration Portal using your registered email address and password. On the dashboard, click on the “MSME Registration” tab. Fill in the necessary details about your business, such as the name, type, PAN (Permanent Account Number), location, and contact information.

Step 5: Enter Bank Details and Business Activity

After providing your business information, proceed to enter your bank details, including account number and IFSC code. Additionally, specify the main economic activity of your enterprise by selecting the appropriate NIC (National Industrial Classification) Code.

Step 6: Upload Documents

To complete the MSME registration process, you need to upload certain documents. This includes your Aadhaar Card (for Indian citizens)/ Passport (for foreign citizens) as proof of identity, and PAN Card of the business owner. Make sure to have these documents ready in the required format (PDF/JPEG).

Step 7: Submit Your Application

Double-check all the information you have provided, ensuring its accuracy. Once you are confident that everything is correct, click on the “Submit” button to send your MSME registration application.

Step 8: Download the Certificate

After the submission, you will receive an acknowledgement number. Keep this number safe for future reference. The concerned authorities will review your application, and upon approval, you will be able to download your MSME registration certificate from the Udhyam Registration Portal.

Benefits of MSME Registration in India

Now that you have completed the MSME registration process, it’s important to understand the benefits it brings. Here are some advantages of MSME registration in India:

Access to Government Schemes: MSME registration allows businesses to participate in various government schemes, such as loans at lower interest rates, subsidies, and grants.
Credit Facilities: Banks and financial institutions provide easier access to credit for MSMEs, thanks to government initiatives like the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
Tax Benefits: MSMEs can avail of multiple tax benefits and rebates offered by the government, including exemptions under the Goods and Services Tax (GST) regime.
Business Promotion and Support: Registered MSMEs receive support in the form of assistance for training, market access, technology upgrades, and more. Government initiatives help promote and market MSME products and services.
Protection against Delayed Payments: The MSME Development Act safeguards businesses by ensuring faster resolution of disputes regarding delayed payments from buyers, thereby improving cash flow.
Enhanced Credibility: MSME registration enhances the credibility of a business, especially when dealing with various stakeholders, including suppliers, customers, and financial institutions.

Remember, maintaining accurate and up-to-date information is crucial for availing these benefits. Regularly update your MSME registration details on the Udhyam Registration Portal as your business evolves.

Congratulations on completing the tutorial and understanding the benefits of MSME registration in India.

0

Step by Step Udyam Registration Process

Posted on January 23, 2022 by Rohitash Gora

In this article we will discuss about Udyam Registration process, MSME has now made Udyog Aadhar registration as Udyam registration. After registering the Udhyam, you will be able to take advantage of MSME schemes of government of India or your respective state governments.

Visit Udhyam Registration Portal

In the first step you are requried to visit the Offical Website of MSME Udhyam Registration , the offical website for Udhyam Registration is

https://udyamregistration.gov.in

Start Udyam Registration Process

Aadhar Details and OTP Verification

Once you visit the portal , you are required to enter Aadhar Number of Applicant , and Mobile Number , Please note that OTP will be send to Aadhar Linked Mobile Number of Applicant. Once you enter the OTP , the Application will proceed further for more details.

Type of Organisation and Pan Verification

Once you visit the Portal, you are required to type of Organisation and pan verification is Applicant. Fill the Details.

GSTIN and ITR Details

Do you have GSTIN and ITR so fill the details Otherwise click no.

Udyam Applicant Details

Detalis the udyam Applicant as name, Email. Mobile no, and Category Gender specially abied business and unit name Etc.

Plant Location details

Give the your plant location detalis as unit name, flat budding and town, block, road, city and pin etc.

Official Address Details

Give the your official address detalis as flat, buddling, town, block, road, city and pin etc.

Previous EM-2/UAM Details

already you have em-2/uam Click the EM-2/UAM option and fill the all details otherwise click nil option.

Enterpris Detalis

Give the enterpris detalis as incorportion, whether production and commencement.

Bank and Activity unit details

Give the bank detalis as bank name, ifs code and applicant account number.and fill the activity unit detalis.

NIC Code detalis

Give the detalis NIC code According your name of Enterprise. NIC code 3 colam and differnt type NIC code.

Number of Employed details

give the detalis employed as male, female, and other, fill the correct number of employed.

Investment and Turnover Details

Fill the correct investment and turnover details and give the district industries center. and the last step click submit and get final OTP. and wait some time.

After some time you see the next window open. enter the OTP and verification code and click the final submit. and wait some time.

after you see new window open and your Udyam Registration Process completed.

you recive your msme registration number.

Chat on WhatsApp

Small LLP Incorporation

Enrich your business.

Name Approval
DIN
DSC
LLP Agreement *
PAN /TAN of LLP
Capital Contribution Up to Rs. 1 Lakh *

*Stamp duty up to Rs. 2000 included in this package

Rs. 9999 /-

LLP Annual Filing

Small LLP without Audit Applicability

LLP Form 11
LLP Form 8
DIN KYC
Income Tax Return
Book-keeping & Final Accounts up to 100 Entries

Rs. 8000/- Per year

LLP Annual Filings

Other than Small LLP

LLP Form 11
LLP Form 8
DIN KYC
Income Tax Return
Book-keeping
Audit

Request

0

Recovery of dues by MSME’s through MSME Samadhan Scheme

Posted on October 17, 2020 by Fastlegal Team

Any MSME unit which has supplied goods or render any services to any Company or any other person (buyer of goods or recipient of Services ) and the buyer or recipent is delaying in payment or not making due payment as agreed , can make an application for recovery of dues by MSME under MSME Samadhan Scheme.

Where any Micro or small enterprises supplies any goods or render any services to any buyer, the buyer shall make payment therefor on or before the date agreed upon between him and the supplier. Period of payment between the supplier and the buyer in writing shall not exceed forty five days upon from the day of acceptance

Where the buyer fails to make payment to supplier within forty five days the buyer shall be liable to pay the amount with interest thereon.

Who can apply under for Recovery of dues by MSME:

Any Micro or small enterprises having valid Udyog Aadhar/Udhyam Registration (UAM) can make Application for recorvery of dues from Debtors.

How much Amount MSME unit can claim Recovery of dues by MSME under MSME Samadhan Scheme :

The buyer is liable to pay bill amount and compound interest with the monthly rests to the supplier. Interest is calculated on the amount at the three times of the bank rate notified by RBI.

Filing of Application under MSME Samadhan Scheme

MSME units are required to file Application under Msme Samadhan Portal online with all the supporting documents including Invoices, purchase orders etc.

Examination of Application by MSME department

MSME department will examine application filed by MSME unit and if application is complete in all respact than department will issue directions to the buyer unit for payment of due amount along with interest as per the provisions under the MSMED Act 2006.

Appeal by Appellant :

If the Appellant (not being the supplier) wants to file an appeal, no application for setting aside any decree or award by the state council shall be entertained by any court unless the appellant (not being supplier) has deposited with it, the 75% of the award amount.

0

New criteria for classification of micro, small and medium enterprises (MSME)

Posted on June 2, 2020 by Fastlegal Team

Indian government has announced the relief of measures for economic revival due to COVID19 crisis happening. The government has is the definition of m s m e Enterprises to increase the limits of an investment in the business.

Earlier there was a different criteria for manufacturing as well as service units, now all these entities are treated as equally and criteria for both the manufacturing and service units are same.

this will cover more new service enterprises as well as manufacturing units with the higher turnover and investment into the micro small and medium enterprises definition and these Enterprises can now avail the various schemes provided to MSME by government of India

this criteria is applicable for all the entities suggest proprietorship firms,LLP, private limited companies and partnership firms

New criteria for classification of micro, small and medium enterprises (MSME):

(i) a micro enterprise, where the investment in Plant and Machinery or Equipment does not
exceed one crore rupees and turnover does not exceed five crore rupees;
(ii) a small enterprise, where the investment in Plant and Machinery or Equipment does not exceed
ten crore rupees and turnover does not exceed fifty crore rupees;
(iii) a medium enterprise, where the investment in Plant and Machinery or Equipment does not
exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees.

The new criteria for MSME is effective from 1st June 2020.

0

MSME Return to MCA/ROC

Posted on January 28, 2019 by Fastlegal Team

In the recent amendment the Ministry of Micro small and Medium enterprises prescribed Half Yearly Reporting to MCA by Companies
which receives services or goods from micro or small enterprises and whose payments to micro and small enterprises suppliers exceed 45 days

Every company shall file in MSME Form I details of all outstanding dues to Micro or small enterprises suppliers existing on the date of notification of this order within thirty days from the date of publication of this notification – Means the Due date for First Return is 21st Feb, 2019

Everycompany shall file a return as per MSME Form I annexed to this Order, by 31st October for the period from April to September and by 30th April for the period from October to March.

Form Required to be Filed to MCA/ROC:-

MSME Form I

Information required to be Filed in MSME Form I:-

Initial return of outstanding dues to Micro or Small Enterprises Suppliers

Total outstanding amount due as on date of notification of this order

Particulars of the name of suppliers and amount of payments due :-

Financial Years/Particulars
Name of Suppliers
PAN of Suppliers
Amount Due
Specify the date from which amount is due

REGULAR RETURN OF OUTSTANDING DUES TO MICRO AND SMALL ENTERPIRSES

Total outstanding amount during April to September