MSME Registration

The Micro Small & Medium Enterprises (MSMEs) are defined in India under the MSMED Act 2006 on the basis of capital investment made in plant and machinery, excluding investments in land and building.

Why is MSME needed ?

MSME registration helps to acquire government tenders easily as Udyam Registration Portal is integrated with Government e-Marketplace and various other State Government portals which give easy access to their marketplace and e-tenders.

Benefits of MSME Registration.

1. Due to the MSME Registration, the bank loans become cheaper as the interest rate is very low around ~1 to 1.5%. Much lower than interest on regular loans.
2. It also allowed credit for minimum alternate tax (MAT) to be carried forward for up to 15 years instead of 10 years
3. Once registered the cost getting a patent done, or the cost of setting up the industry reduces as many rebates and concessions are available.
4. MSME registration helps to acquire government tenders easily as Udyam Registration Portal is integrated with Government e-Marketplace and various other State Government portals which give easy access to their marketplace and e-tenders.
5. There is a One Time Settlement Fee for non-paid amounts of MSME

Documents Required for MSME Registration.

We need the following documents for MSME registration.

1. PAN CARD by all Director

2. ADDRESS PROOF Aadhar Card and anyone from • Voter id, / • Passport / • DL

3. ADDRESS PROOF OF REGISTERED OFFICE
Electricity bill / • Mobile bill/Telephone Bill / • Gas Bill / • Water tax/Municipal Tax/House Tax +(NOC)