MSME Udyam Registration
Eligibility | Benefits | Process
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MSME Udyam Registration is necessary for eligible businesses to take advantage of several benefits, concessions in trademark filing, and incentives. Register your company, LLP, as an MSME now under the MSMED Act 2006.
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Overview of MSME Udyam Registration in India
| Prof Fee |
from state to state and on the proposed capita
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| Professional Fee | Varies from state to state and on the proposed capital |
| Government Fee | Varies from state to state and on the proposed capitalm, accusamus! Eius? |
| Timeline | Varies from state to state and on the proposed capital |
| Stepwise Process | ₹ 3499/- (Best Fee Guaranteed by Taxcurv) |
| Documents Required | ₹ 3499/- (Best Fee Guaranteed by Taxcurv) |
Eligibility to Apply for Startup India Seed Fund
GST Registration does not have a pan-India eligibility. It is only applicable to eligible businesses as per turnover limits prescribed under Section 22 of the Central GST Act, 2017. However, section 24 of the Act makes it mandatory for certain businesses to obtain GST registration irrespective of their turnover limits. Each of these businesses are listed below as per their eligibility criterias.
- Those dealing in merchandise with aggregate annual turnover exceeding Rs.40 Lakhs
- Those dealing in merchandise with aggregate annual turnover exceeding Rs.40 Lakhs
- Those dealing in merchandise with aggregate annual turnover exceeding Rs.40 Lakhs
- Those dealing in merchandise with aggregate annual turnover exceeding Rs.40 Lakhs
- Those dealing in merchandise with aggregate annual turnover exceeding Rs.40 Lakhs
Checklist for MSME Registration in India
The registration process for MSME Udyam Registration is fully digitalised and paperless. However, before you proceed to fill out the application form for the MSME Registration, you should prepare the following information so that it remains handy. The MSME is an Aadhar-based registration. Therefore, the aadhar number, which is linked with the mobile number of the owner or director of the business, is one of the key requirements
| Information of Unit/Enterprise | Information of Entrepreneur (Owner/Director) |
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MSME Registration Process in India
GST Registration procedure in India is entirely online and can be completed quickly in a series of simple steps. Our team at Taxcurv has been trained in assisting clients throughout the GST Registration process. Our services begin with preparing and drafting all the documents required for GST registration and extend to filing the complete application. The steps below explain how we secure GST registration for our clients in a convenient and hassle-free manner.
Step-1: Determine the Turnover & Investment in Plant & Machinery
The documents required for GST Registration are based on the type of entity and the nature of its business activity. It is extremely important that all the documents required for online GST registration are prepared beforehand. This helps avoid any hindrance in the application process later. A complete list of such documents is mentioned in the section above.
Step-2: Register on the GST Portal
GST registration for new business is an application-based process. The first part of the application seeks basic registration details. This includes type of entity, name of entity, PAN number, and the state / UT where the business operates. Providing these details enables successful registration on the GST Portal.
Step-3: OTP-based Verification
GST Registration in India is a PAN-based process. The applicant must provide his PAN details in the first part of the application. As mentioned earlier, the PAN must be linked to the applicant’s Aadhar, mobile number and email address for OTP verification.
Step-4: TRN Generation
As soon as the PAN is entered, an OTP is sent to the linked mobile number and email address. After furnishing the two OTPs successfully, a Temporary Reference Number or TRN is generated. You can use the TRN for completing the application form further. Note that the TRN will be valid for 15 days only, so the process must be completed within this time period.
Step-5: Complete the GST Application Form
Sign in to the GST portal using the TRN and access the GST REG-01 application form. Complete the form by filling in the requisite details and uploading the requisite documents. This includes information about the business, promoters/partners, location of the business, products/services, and authorised individuals. Upon completing the form, verify it using the authorised signatory’s DSC or EVC.
Step-6: Issuance of GSTIN
Upon submission of all the details and documents, the application is processed in approximately 10 to 15 days. After successful verification of the form, the department allots a unique GSTIN to the applicant business. This GSTIN can further be used to check GST registration status and fulfil all GST-related compliances.
Benefits of MSME Registration.
The registration process for MSME Udyam Registration is fully digitalised and paperless. However, before you proceed to fill out the application form for the MSME Registration, you should prepare the following information so that it remains handy. The MSME is an Aadhar-based registration. Therefore, the aadhar number, which is linked with the mobile number of the owner or director of the business, is one of the key requirements
| Financial Benefits | Business Support |
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MSME Registration Renewal / Update
The time required to incorporate a company depends on several factors such as documentation, availability of desired company name, and the number of promoters. With over two decades of experience, the Incorporation team at Taxcurv is well-equipped to streamline the process, ensuring a swift and efficient company registration in India.
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- Business Tax Consulting
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- Tax Payroll Services
- Bookkeeping and Virtual CFO
- Accounting Virtual Controller