MSME - UDYAM Registration
Get Extended Support for Your Business
Udyam registration brings various benefits along with a credit guarantee, public procurement policy, additional edge in Government Tenders, and protection against delayed payments.
MSME - UDYAM Registration
Get Extended Support for Your Business
Udyam registration brings various benefits along with a credit guarantee, public procurement policy, additional edge in Government Tenders, and protection against delayed payments.
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SwiftTax Assistance for UDYAM Certification
The Udyog Aadhaar registration has been transformed to the Udyam registration since July 2020. It is the new process for registering MSMEs to avail the various benefits of schemes or programs of the Ministry of MSME and Govt. of India. Udyam registration has made the process more accessible than it was earlier, at the time of Udyog Aadhaar registration a permanent registration number and a recognition certificate will be issued after Registration.
UDYAM Registration Benefits
Tax Rebates.- Fast Resolution of Disputes.
- Special Preference in Procuring Government Tender.
- There are various tax rebates available for Udyam registered enterprises.
- Udyam registration will help you to get bank loans without Collateral/ Mortgage. 1% exemption on the interest rate on Bank Overdraft (OD).
- Concession in Electricity Bills.
- It gives protection against the delay in payment from Buyers.
- Special 50% discount on Government fees for Trademark and Patent filing.
- Registered Udyam gets tariff subsidies and tax and capital subsidies.
- Higher preference is provided to businesses registered under Udyam for government license and certification.
- Tax Rebates.
- Fast Resolution of Disputes.
- Special Preference in Procuring Governmen Tender.
- There are various tax rebates available for Udyam registered enterprises.
- Udyam registration will help you to get bank loans without Collateral/ Mortgage. 1 % percent Exemption on the interest rate on Bank Overdraft (OD)
- Concession in Electricity Bills
- It gives protection against the delay in payment from Buyers.
- Special 50% discount on Government fees for Trademark and Patent filing.
- Registered Udyam gets tariff subsidies and tax and capital subsidies.
- Higher preference is provided to businesses registered under Udyam for government license and certification.
Documents Required :
Pan- Pan
- Voter
- Aadhar
- Aadhar
- Lease Agreement
- Pan
- Pan
- Voter
- Aadhar
- Aadhar
- Lease Agreement
UDYAM Registration for New enterprise
Our experts help you get started if you’re a micro, small, or medium enterprise and willing get registered as a UDYAM. As every business gets only one UDYAM identification number, SwiftTax ensures you apply it for every opportunity. Our assistance extends from the online registration documentation to getting verified as GSTIN compliant.
GST Return Filing
Become GST compliant. We file monthly and quarterly GST returns as per the scheme under your business registration.
Income Tax Filing
We assist with personal income and business income tax returns filing by submitting forms applicable to you and your business to avail of maximum tax benefits.
Frequently Asked Questions
How to Apply for Online Udyam Registration?
The process for Udyam registration is straightforward. For step-by-step instructions on how to register for MSME using the Udyam Registration Portal, check out the website - msmeregistration.org. If you have any questions about the online registration process, don't hesitate to contact our customer executive for assistance.
Is the physical copy of the Certificate will be issued?
No physical copy of the MSME Certificate will be issued. The government promotes paperless work.
Is an Aadhaar Number mandatory for online MSME Registration?
An Aadhaar Number is mandatory for the issuance of an MSME Certificate.
What are the documents required for Udyam Registration?
Some basics details required for registration under the Act are as follows:
- PAN of Entity and its Authorised Signatory.
- Aadhaar number.
- Proprietors – Proprietorship firm.
- Partnership – Managing partner.
- Hindu Undivided Family (HUF)– Karta.
- Company or a Limited Liability Partnership or a Cooperative Society or a Society or a Trust – Authorised signatory.
- E-mail ID and Mobile No. of Enterprise and person mentioned above.
- Plant Address and Office Address.
- Bank Details viz. Account Number, IFSC code.
- Miscellaneous Information viz. Social Category, Business Activity code, No. of employees etc.
What is the Difference between Udyog Aadhaar and Udyam registration?
The Indian government has recently introduced several business schemes and revised the definition of MSME (Micro Small Medium Enterprise). To streamline the registration process and reduce time consumption, the government launched the Udyam Registration Portal, which is a new way for businesses to register for MSME or Udyog Aadhaar.
The main goal of introducing Udyam registration is to make it easier for small-scale businesses to register under MSME. This new process replaces the old Udyog Aadhaar registration process, which was confusing and time-consuming due to the multiple categories and pages to go through. The old process also required a lot of paperwork and the uploading of documents on the portal. In contrast, Udyam registration is a single-window, paperless process that does not require any additional documents or certificates for registration under MSME.
Is there any provision for the grant of composite loans by banks?
According to the Reserve Bank of India's Master Circular on lending to the MSME sector, dated July 1, 2010, banks can provide a composite loan limit of Rs. 1 crore to enable MSME entrepreneurs to access both working capital and term loan requirements through a Single Window. Scheduled commercial banks were instructed in the circular RPCD.SME&NFS. BC.No.102/06.04.01/2008-09, dated May 4, 2009, to also provide working capital (WC) limits along with term loans in order to avoid delays in the commencement of commercial production and ensure that there are no cases where term loans have been approved but working capital facilities are still pending. These instructions were reiterated to scheduled commercial banks on March 11, 2010.
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