Income Tax : In order to protect and promptly make payments to the MSEs, Clause (h) in Section 43B, inserted vide the Finance Act 2023, provide...
Income Tax : Explore significance of verifying Udyam Registration Number in compliance with Section 43B(h) of Income Tax Act. Learn how it ensu...
Income Tax : Understand the impact of Section 43B(h) on payments to Micro and Small Enterprises under the MSMED Act. Learn eligibility, time li...
Corporate Law : Explore vital role of MSMEs in India's growth, benefits, eligibility, registration process, and more. A complete guide for entrepr...
Corporate Law : Explore the Udyam registration process, the rebranding of Udyog Aadhar by MSME, and the benefits it offers to Indian small and med...
Corporate Law : Discover how the Udyam Assist Platform, launched by the Ministry of MSME, facilitates registration for Informal Micro Enterprises,...
Corporate Law : New online system of MSME/Udyam Registration launched by Union MSME Ministry, w.e.f. 1st July, 2020, has stood the test of Time an...
Corporate Law : However, a number of representations were received from various MSME Associations stating that the measure of making GSTIN mandato...
Corporate Law : The Ministry of MSME had replaced the erstwhile Udyog Aadhaar Registration for MSME with Udyam Registration vide its Notification ...
Fema / RBI : It has decided to include Retail and Wholesale trade as MSMEs for the limited purpose of Priority Sector Lending and they would be...
Corporate Law : GOvt has earlier provided that PAN and GSTIN is Mandatory wef 31St March, 2021 for MSME Udyam Registration has now relaxed the c...
Corporate Law : MSME Clarification on existing Entrepreneurs Memorandum (EM) Part-II/Udyog Aadhaar Memorandum (UAM)/New Udyam Registration dated 6...
Fema / RBI : Government of India has notified new criteria for classifying the enterprises as Micro, Small and Medium enterprises. The new crit...
It has decided to include Retail and Wholesale trade as MSMEs for the limited purpose of Priority Sector Lending and they would be allowed to be registered on Udyam Registration Portal for the following NIC Codes and activities mentioned against them:
However, a number of representations were received from various MSME Associations stating that the measure of making GSTIN mandatory is impacting the registration process as many enterprises are exempt from the mandatory requirement of filing GST Returns as per the GST Act/notifications. Asignificant proportion of MSME may have annual turnover less than the threshold limit for exemption from registration under GST Act.
GOvt has earlier provided that PAN and GSTIN is Mandatory wef 31St March, 2021 for MSME Udyam Registration has now relaxed the condition and provided that The exemption from the requirement of having GSTIN shall be as per the provisions of the Central Goods and Services Tax Act, 2017. It further provided that In case […]
MSMEs are playing a significant role in emergence of Indian Economy. And for benefitting the MSMEs and their smooth functioning government is taking several steps, one of the major steps amongst them is the introduction of the new definition and a new portal for the same. Our previous articles on UDYAM Registration: — 1. Elucidation […]
What is the validity of Udyam Registration Certificate? Ans. In the new registration portal, it is not specifically mentioned anywhere in the Act as well in the notifications issued by the Ministry that the Udyam Registration Certificate will be valid for certain period of time like 5 years, 10 years etc.
I] An understanding on MSME: MSMEs are an important sector for the Indian economy and have contributed immensely to the country’s socio-economic development by generating employment opportunities and development of entrepreneurship. Categorization of MSMEs to be based on composite criterion of Investment and turnover, same is as under (w.e.f. July 01 2020): Classification Criterias Micro […]
This article will enlighten the procedure & requirements for Udyam Registration applicable for (new & re-registration for existing) MSME’s along with the revised definition of Classification of an enterprise as MSME.
Union Ministry of Micro, Small and Medium Entities (MSME), vide its Notification Dated 26.06.2020 notifies the new definition of MSME along with its new name i.e., “UDYAM Registration”, and introduced a new portal named “UDYAM Registration Portal”. Ministry also issued a clarification regarding new criteria for the classification of MSMEs. Our previous articles on UDYAM […]
As per notification of MSME dated 26.06.2020, Udyam Registration is the new process of MSME/UDYOG AADHAAR Registration launched by the Ministry of Micro, Small and Medium Enterprises effective from July 1, 2020.
MSME UPDATES: The Ministry of MSME through its Office Memorandum (O.M) dated 06th August 2020 has issued a clarification on Existing EM i.e. Enterpreneurs Memorandum Part —III-UAM. The Ministry has drawn the attention of public on its previous notification dated 26th June 2020 and in its link has clarified certain points: THE NEW UPDATES ARE […]
