2023-02-01T08:41:19+00:00

MSME/Udyam Registration Online

More than 6,000 entrepreneurs in India trust LegalWiz.in for starting and managing their businesses. Choose legalwiz.in as your online legal solution partner to handle business registrations like Udyam registration/MSME registration at affordable pricing and a quick turnaround time coupled with dedicated support. Our team of experienced CA, CS, and lawyers will help you through every step of your registration process and answer any questions you may have.

INTRODUCTION

What is MSME/Udyam Registration?

MSME/Udyam registration is an initiative by the Government of India to give legal and operational identity to micro, small, and medium businesses in India. Udyam registration was previously known as MSME registration or Udyog Aadhar registration and is governed by the MSME (Micro, Small, and Medium Enterprise) Development Act, 2006. In 2020, the registration process was changed from Udyog Aadhar registration to Udyam registration in order to simplify the registration process and help businesses accelerate growth. The entire process is online and based on self-declaration. All registered businesses can take the benefits granted under the MSME scheme. This includes many financial benefits such as easy loan facilities, hassle-free registrations, additional edge in Government Tenders, protection against delayed payments, etc.

Eligibility Criteria for MSME/Udyam Registration

The business entities that fall under the following three categories can apply for MSME Registration /Udyam registration online.

Micro Enterprises: Businesses whose investment in plant and machinery is not more than ₹1 crore and the annual turnover is not more than ₹5 crores.

Small Enterprises: Entities whose investment in plant and machinery is not more than ₹10 crores and the annual turnover is not more than ₹50 crores.

Medium Enterprises: Businesses whose investment in plant and machinery is not more than ₹50 crores and the annual turnover is not more than ₹250 crores.

BENEFITS

Why should you obtain Udyam/MSME Registration for your business?

Documents Checklist

Documents required for Udyam Registration online

Process

Obtain registration in 3 Easy Steps

*Subject to Government processing time

Timeline

Timeline for Udyam Registration online

Compare other Related Registration

Choose the right registration based on different parameters

Parameters GST Registration Importer Exporter Code Professional Tax Registration Start-Up India Registration MSME Registration
Applicable To Businesses exceeding a prescribed threshold for turnover All importers and exporters Applicability defers based on State Act To all Private Companies, LLPs and Registered Partnership Firm All Micro, Small and Medium Enterprises
Registration Criteria Mandatory Mandatory Mandatory Voluntary Voluntary
If turnover exceeds ₹ 20 Lakh or entity fall under specified category, registration is mandatory Any business entity undertaking import/export for business purpose from India A person earning income from salary or by practicing any profession has to pay the professional tax All the companies/startups can apply for Startup India Registration after setting up business to avail the benefits under the DPIIT Scheme of central government. It is not mandatory to register under MSME. Any business entity if wishes, can get registered under MSME
Regulatory body State and Central Government Central Government State Government Central Government Central Government
The tax is segregated into two parts – CGST (central) and SGST (state) The code is granted by Directorate General of foreign Trade, Central Government The tax is based on income slab-rates decided by state Government Department of Industrial Policy and Promotion of central government grants registration under startup India scheme MSMEs comes under centrally based Ministry of Micro, Small and Medium Enterprises
Return Filings Yes No Yes No No
Annually, monthly or quarterly based on GSTR type No return are prescribed to file after registration Monthly or yearly -based on professional tax liability No returns are to be filed after this registration No returns are to be filed after this registration
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FAQs

Have Questions about Udyam Registration? Find Answers Here

2023-01-30T12:03:20+00:00

Any sole-proprietor, partnership firm, HUF, company, limited liability partnership firm, trust or society whose plant and machinery investment is below INR 50 crores and has a turnover of less than INR 250 crores are eligible for Udyam registration.

2023-01-30T12:03:31+00:00

Udyam registration certificate is a certificate provided to all Udyam registered entities. It is provided as a downloadable pdf/soft copy by the Government on the registered email id of the applicant or entity. The certificate is available on Udyog Aadhar portal. And can be downloaded using the applicant’s Aadhar number.

2023-01-30T12:03:41+00:00

No, you do not have to renew your Udyam registration. It’s a permanent registration, it stays valid for as long as the registered business exists.

2023-01-30T12:03:49+00:00

With a notification issued dated 27.06.2017, the ministry has excluded activities of wholesale or retail trading; Fishing and aquaculture; Forestry and logging; and more. Business entities engaged solely in activities falling under such categories cannot make an application for registration. Pursuant to an update in 2021, retail and wholesale traders other than those dealing with motor vehicles and motorcycles are now eligible for Udyam registration.

2023-01-30T12:03:58+00:00

There are zero government fees charged for Udyam Aadhar Registration online. However, you can go for assisted filing services for MSME registration and professional fees will be applicable.

2023-01-30T12:00:55+00:00

Yes, the Aadhar card of the applicant is mandatory for Udyam/Udyog Aadhar registration. In case, the applicant is a proprietorship firm, the proprietor’s Aadhaar is required. If it’s a HUF Karta’s Aadhaar is needed. In the case of a partnership firm the Aadhaar of the managing partner has to be provided and in the case of an LLP or Company, the Aadhar of an authorized signatory must be provided.

2023-01-30T12:01:08+00:00

No, GST Number is not mandatory for MSME Registration. However, it is mandatory to mention the GST number if obtained earlier.

2023-01-30T12:01:16+00:00

This is a voluntary registration and not mandatory. Nevertheless, udyam registration is highly recommended due to the benefits available to registered businesses.

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