New online system of MSME/Udyam Registration launched by Union MSME Ministry, w.e.f. 1st July, 2020, has stood the test of Time and Technology as more than 50 lakh MSMEs have successfully registered themselves by now. These include over 47 lakh Micro organisations and 2.7 lakh Small Units.

It may be stated that Ministry of MSME had revised the definition of MSMEs and process of registration w.e.f. 1st July, 2020. It also launched a new portal for MSME/Udyam registration (https://udyamregistration.gov.in). Since then, the portal is working smoothly. In a major first, this portal is seamlessly integrated with CBDT and GST networks as also with the GeM. It may be noted that through this integration, now MSME registration is a totally paperless exercise.

Enterprises which are not yet registered, should register themselves to avail the benefits of Ministry of MSME and other Government agencies. The registration is free of cost and should be done only on the Government portal. For any assistance, entrepreneurs can contact nearby DICs or CHAMPIONS’ Control Rooms of the Ministry or can write to: https://champions.gov.in.

In order to conform new definition of MSMEs and ease of doing Business this would facilitate MSMEs for a permanent Registration i.e 'Udyam Registration'.

Salient features:

  • Anyone may obtain the Udyam Registration for the enterprise. It can be registered through the portal i.e. https://udyamregistration.gov.in.
  • The process for Udyam Registration is fully digitalized and Paperless. There is no need to upload any document.
  • Registration Process is totally free. No Costs or Fees are to be paid to anyone.
  • An e-certificate, namely, “Udyam Registration Certificate” shall be issued online on completion of the registration process.
  • This certificate has a dynamic QR Code from which the web page on our Portal and details about the enterprise can be accessed.
  • Whoever intentionally misrepresents or attempts to suppress the self-declared facts and figures appearing in the Udyam Registration or updation process shall be liable to such penalty as specified under section 27 of the Act.
  • The online system is fully integrated with Income Tax and Goods and Services Tax Identification Number (GSTIN) systems, details on investment and turnover of enterprises are taken automatically from Government data bases. Exports are not taken as part of turnover calculation.
  • Those who have EM-II or UAM registration or any other registration issued by any authority under the Ministry of MSME, will have to re 31.03.2021.
  • No enterprise shall file more than one Udyam Registration. However, any number of activities including manufacturing or service or both may be specified or added in one Registration.

Requirement for Registration:

  • Only Aadhar Number is enough for registration.
  • Having PAN & GST number is mandatory from 01.04.2021.

Benefits of taking Udyam Registration:

  • It will be a permanent registration and basic identification number for an enterprise.
  • MSME Registration is paperless and based on self - declaration
  • There will be no need for renewal of Registration.
  • Any number of activities including manufacturing or service or both may be specified or added in one Registration. Along with the Udyam Registration, Enterprises may register themselves on GeM (Government e-Market place, a portal for G to B) & SAMADHAAN Portal (a portal to address issues relating to delay in payments) and simultaneously MSMEs themselves can also onboard on TReDS Platform, (the invoices of receivables are traded on this platform) through three available platforms i.e. 1. www.invoicemart.com 2. www.m1xchange.com 3. www.rxil.in 
  • The Udyam Registration may also help MSMEs in availing the benefits of Schemes of Ministry of MSMEs such as Credit Guarantee Scheme, Public Procurement Policy, additional edge in Government Tenders & Protection against delayed payments etc.
  • Becomes eligible for priority sector lending from Banks.


(Also read: Extension of time for holding of AGM for the FY ended on 31 March 2021)

(Also read: CBDT extends due dates for filing of ITRs and Audit Reports for AY 2021-22)

(Also read: CBDT allows taxpayers an opportunity to file application for settlement)

(Also read: Time limit to generate UDIN is increased to 60 days)

(Also read: Gross Direct Tax collections for the FY 2021-22 crosses 5.7 lakh crores registered with a growth of 47 percent)



Disclaimer: The above post includes some content used from PIB India website and executed on this website for fair use only. As this website is of educational nature, hence the content is used for education and awareness to the public.