How to Get MSME Certificate? or Udyam Registration - Get your MSME registered with these - 6 seamless steps and the latest Union Budget update (2022-23).
MSME has two categories of enterprises manufacturing and service enterprises, let’s have a look at these in detail.
1. Manufacturing Enterprises
As per the name of the category, it includes the enterprises which are engaged in the manufacturing of products mentioned in Schedule I of the Industrial Act, 1951.
2. Service Enterprises
These are the enterprises that are engaged in providing services.
These two categories of enterprises fall under MSME, though, with the differentiation in the category of the MSME, it is also necessary to understand the documentation required to complete the MSME registration process. Documentation plays an important role in meeting the requirements of corporate compliance since it does not include factory inspection, product testing, etc like BIS certification.
Since we have a brief knowledge about categories of MSMEs, let’s move on to, what is Udyam registration, in the next section of the blog.
What is Udyam Registration? | Udyam Registration Process
Udyam registration is typically a means of MSME registration, as it government only provides a “Single Window System,” for MSME registration or other registration-related concerns. The Udyam registration portal is a completely online process and MSME registration can be attained based on a self-declaration without any need for documentation.
For you better understanding of the Udyam registration, in the next section, we will have a quick look at its process.
Udyam Registration For New Users
- Visit the official Udyam registration portal.
- Provide the required information such as aadhar number, GSTIN number, PAN, and other required information.
- Affix necessary documents for cross-verification, if required.
- Once the application filing will be completed, verification needs to be done.
- An MSME certificate will be issued if your documents meet the established standards.
Udyam Registration For Existing Users
- If you are an existing user, Udyam registration will be done under EM–Part-II or UAM.
- Provide the required information such as aadhar number, GSTIN number, PAN, and other required information.
- Affix necessary documents for cross-verification, if required.
- Once the application filing will be completed, verification needs to be done.
- An MSME certificate will be issued if your documents meet the established standards.
These six simple steps make MSME registration seamless, isn’t it?
However, it can not be ignored that for the registration of an MSME, it is important to have a CA/ CS and other professionals to guide you through the registration process.
Considering the problems one might face during MSME registration, JR Compliance has come up with an integrated approach for a hassle-free registration.
Now we have discussed - how to get an MSME certificate or how to register in MSME, let’s see how JR Compliance - a leading compliance service provider makes MSME registration seamless.
How We Make MSME Certification Seamless?
- We will educate our clients regarding each and every aspect of the MSME registration.
- To ensure appropriate accuracy, we will complete the documentation in a timely manner.
- Our MSME consultants will provide you with complete assistance from the first to the last step of registration.
- We guarantee to invest our time and resources in taking appropriate initiatives and steps to meet the established requirements.
- In case of any discrepancies, we have an expert team who will directly coordinate with officials.
- To keep you updated in regard to your application status.
- Our consultants will provide 24*7 support to resolve any query you may have.
Conclusion
JR Compliance is the finest choice to meet your corporate compliance needs because we possess the experience of completing over 10,000+ company registrations. Along with that, we have a strong background in providing hassle-free services globally. Thus, if a foreigner is looking to establish a company in India - they are welcome to reach us.
We are the top-notch choice to comply with your compliance with the experience of completing the registration of over 10,000+ companies, including Pvt ltd, limited company, and more.
Get in touch with our experts to know how to get MSME certificate. Moreover, you can also reach us if you want to obtain a BIS certification, EPR approval, etc.
In recent years, the government has introduced numerous policy programmes to stimulate industrial growth, including ‘Atmanirbhar Bharat' and ‘Make in India.'
The goal has been to make the industrial sector the driving force behind India's economic growth.To advance modern development, the public authority, supporting 'Atmanirbhar Bharat' and 'Make in India', has concocted a few approach drives lately.
The target has been to make the assembling area the impetus of India's monetary development story.Read more about udyam certificate.The Finance Minister in the Union Budget 2021 reported a cost of ₹1.97 lakh crore for the Production-Linked Incentive (PLI) Schemes for 13 push areas.
PLI Schemes work on a worth expansion idea and boost qualified makers for the gradual deals they accomplish, over a base year.
As per the Indian Economic Survey 2021, the homegrown market of drug industry is relied upon to develop 3x in the following decade.The public authority reported first PLI Scheme for drug area on July 21, 2020.
It covered distinguished Active Pharmaceutical Ingredients/Key Starting Materials/Drug Intermediates and had a monetary expense of ₹6,940 crore.To additionally urge the business to develop and scale utilizing state of the art innovation, expand the item blend to complex generics, licensed medications, and along these lines enter the worldwide worth chains in drug merchandise, one more PLI plot was informed by the public authority on March 3, 2021 and its functional rules were reported on June 1, 2021.The Scheme is more broad in its inclusion and awards an all out impetus of ₹15,000 crore to choose candidates fabricating indicated drugs/in-vitro demonstrative gadgets and focusing on new speculations.Motivator under the Scheme going from 3-10 percent is presented on the steady deals of qualified items over a time of a long time (from FY 2022-23 to FY 2027-28), with FY 2019-20 set apart as the base year for calculation of gradual deals.To guarantee more extensive appropriateness of the Scheme across the drug business, the candidates are assembled dependent on their Global Manufacturing Revenue (GMR) of drug merchandise.A candidate is needed to resolve to contribute a sum over the endorsed limit (over a time of years, from FY 2021-22 to FY 2025-26) and ought to have an edge turnover in FY 2022-23.
