MSME Registration

MSME Registration

MSME Registration

MSME - MICRO SMALL AND MEDIUM ENTERPRISES. The Government of India has enacted the Micro, small, medium Enterprise Development Act (MSME Act) on 16 June 2006. It is very vital for the growth of a business. It also plays a very vital role in the economic development of our country. This act has been initiated in order to strengthen the small business. The government also want to promote the small business sector. Because this sector provides Employment potential at low capital cost. Also, labor intensity is minimum in the MSME sector.


Detail Required for MSME Registration


FOR PARTNERSHIP/LLP FIRM

  • Aadhaar Number (proprietor,partner,director)
  • Name of Entrepreneur /Applicant as printed on Aadhaar and PAN card
  • Social Category(GEN,OBC,SC,ST)
  • Gender
  • Physically handicapped
  • Name of Enterprise / Business
  • Type of Organisation
  • PAN(ACCORDING TO TYPE OF FIRM)
  • Location of Plant (Address)
  • Office Address
  • Mobile No
  • Email ID
  • Date of Commencement of Business
  • Bank Account Number
  • IFSC Code
  • Main Business Activity of Enterprise
  • Number of employees
  • Investment in Plant and Machinery (Amount in Lacs PRICING: 999/- )

Advantage of MSME


GST Migration you have to require the following things


  • Ease of doing business will encourage.
  • Turnover can be easily decided with the help of GST (goods and service tax) system or network data.
  • Chance of partiality will reduce and helpful in transparency in business
  • Banking Benefit.
  • Direct tax laws exemption.
  • Applicable for governmental subsidies.
  • Low-interest rate
  • Concession in electricity

Pricing


Basic
Rs. 999/- only

CATEGORY AND CLASSIFICATION OF MSME


  • MICRO Manufacturing Enterprises- Up to Rs. 25 lakh Service Enterprises- Up to Rs. 10 Lakh Note: New classification for Micro-annual turnover does not exceed Rs. 5 crore.
  • Small Manufacturing Enterprises- above Rs. 25 lakh and up to Rs. 5 crore Service Enterprises- above Rs.10 Lakh and up to Rs. 3 crore Note: New classification for annual turnover is more than Rs. 5 crore but does not exceed Rs.75 crore.
  • MEDIUM Manufacturing Enterprises- above Rs. 5 crore and up to Rs. 10 crore Service Enterprises- above Rs. 2 crores and up to Rs. 5 crore Note: for new classification Medium-annual turnover is more than Rs.75 crore but does not exceed Rs.250 crore.

 

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