Udyam Registration is a replacement of Udhyog Aadhaar Registration. Any Enterprise looking forward for MSME Certificate/Registrations is required to submit application for Udyam Registration. For MSME registration there will be another portal where application can be submitted, previously MSME certificate can be obtained by filing application at udhyog aadhaar portal. Udyam Registration process will commence from 1 July 2020.
Who can apply for Udyam Registration:
Any business fulfilling Turnover and Investment criteria can apply for Udyam Registration. Here are criteria for turnover and investment:
|Up to 1 Crore
|Up to 5 Crore
|Up to 10 Crore
|Up to 50 Crore
|Up to 50 Crore
|Up to 250 Crore
It means a business will be classified as Micro or Small or Medium depending upon its investment and Turnover.
What is applicable fee for Udyam Registration:
Government does not prescribe any fee for obtaining Udyam Registration certificate. However consultant filing application on behalf of you can apply for charge his professional fee.
How much time it takes to obtain Udyam Registration:
Registration certification can be obtained on real time basis. An online application needs to file and such application can be filed on self declaration basis and certificate will be provided after submission of application.
What are documents required for Udyam Registration:
Udyam Registration process is paper less. An application can be filed with Aadhaar Based OTP. However certain details have to be provided while filing application.
What is compliance to be done after getting Udyam Registration Certificate:
MSME will be required to submit requisite details on reasonable interval which will be verify with Income Tax Returns and GST Returns. Such details may include turnover of previous year, investment in plant and machinery etc.
Some other aspect about Udyam Registration:
- Once registration granted will be valid for life time. However if registration is obtained in Micro category and post that turnover or investment increased then category will be changed to Small or Medium depending upon turnover.
- One MSME Enterprise can avail one registration. Separate registration will not be required for different unit of an Enterprise