KEY POINTS TO REMEMBER
- MSME registration provides businesses with easy access to government schemes and incentives, such as subsidies, tax rebates, and grants. .
-MSMEs provide a platform for entrepreneurs to turn their ideas into successful businesses.
-MSME registration allows businesses to apply for collateral-free loans at lower interest rates from banks and other financial institutions.
-MSME registration makes it easier for businesses to obtain licenses and permits required for their operations.
-MSME registered businesses get preference in government tenders over other businesses.
- MSME registration provides businesses with a unique identity that can help them build their brand.
- Much needed for Small Businessman.
-MSMEs provide a platform for entrepreneurs to turn their ideas into successful businesses.
-MSME registration allows businesses to apply for collateral-free loans at lower interest rates from banks and other financial institutions.
-MSME registration makes it easier for businesses to obtain licenses and permits required for their operations.
-MSME registered businesses get preference in government tenders over other businesses.
- MSME registration provides businesses with a unique identity that can help them build their brand.
- Much needed for Small Businessman.
MSME Registration
Know About what is MSME? and how registration took Place?
What is MSME?
MSME stands for micro, small and medium enterprises and any enterprise that falls under any of these three categories. MSME enterprises are the backbone of any economy and are an engine of economic growth, promoting equitable development for all. Micro, Small and Medium sized enterprises in both the manufacturing and service sector can obtain MSME Registration under the MSMED Act.
What MSME Enterprises Means?
# Micro Enterprises: Micro enterprises are the smallest entities, of course. Micro manufacturing enterprises have investment of less than Rs. 25 lakh in plant and machinery, while micro service enterprises have less than Rs. 10 lakh invested
#Small Enterprises: Small manufacturing enterprises may have between Rs. 25 lakh and Rs. 5 crore invested in plant and machinery, while small service enterprises may have between Rs. 10 lakh and Rs. 2 crore invested.
Medium Enterprises:Medium manufacturing enterprises may have between Rs. 5 crore and Rs. 10 crore invested in plant and machinery, while small service enterprises may have between Rs. 2 crore and Rs. 5 crore invested.
Know the basics
Learn the basics about MSME & its compliance
Documents required for MSME Registration?
- Proof of Establishment(Sale Deed or Rent Agreement)
- Bank Statement or Cancelled Cheque
- Aadhar Card and Pan Card of Authorized Person
- Mobile No.& Email id of Authorized Person
MSME Registration Process
MSME registration process is very simple with tax2know.in. The whole procedure is completely online and one need not visit our office physically to get the MSME registration.
# Step 1 - Arrange all required documents: The first step is to arrange all the documents and send the same over the email to us. We will check it and if everything is fine we will Proceed further for Registration.
# Step 2 - Application Filling: Once we collect the information, we file the application for Udyog Aadhar
# Step 3 - Finally Registered: Once Application Submitted, Acknowledgment and Memorandum for Udyog Aadhar under MSME Act gets generated.
