Online MSME Registration Procedure is a great example of technological advancement in the country and its effective use. The Indian government is in charge of developing and enforcing laws, guidelines, and legislation about small and medium-sized businesses. The Ministry of Micro, Small, and Medium-Sized Enterprises, or MSME, oversees it. The MSME became effective on October 2, 2006, and is now in effect throughout the country. Small and medium-sized enterprises (SMEs) across the country will be given incentives, assistance, and resources to help them become more competitive in the marketplace. When these businesses grow and prosper, the economy as a whole grows and prospers. 

The MSME Act allows for the establishment of both manufacturing and service firms, regardless of the company’s registered status. Although the government has not yet made MSME registration mandatory, having one’s company registered under this structure is advantageous. It provides numerous benefits in terms of taxes, starting a business, and much more. The Online MSME Registration Procedure is not at all tiresome and can be executed easily. 

Documents and Entries Needed for Online MSME Registration Procedure and Form 

The following list contains the documents that will be required to attach while filling out the form for Online MSME Registration Procedure–

• Aadhar card number
• Entrepreneur’s Aadhar card name Type of organization (Proprietorship, partnership firm, private or public limited company, limited liability partnership, co-operative society, Hindu undivided family, self-help group, society or trust)
• PAN number
• Social classification (General, OBC, SC/ST)
• Gender of the enterprise, 
• Name of the enterprise,
• Location of the plant/unit 
• Office address of the enterprise
• Date of business start-up, incorporation, or registration of enterprise Bank account number and IFSC code
• The primary activity of a business is designated by the NIC code.
• Employees’ number
• Amount invested in plant and machinery (if there is no investment in plant and machinery, entrepreneurs can write it as zero)
• Turnover (if there is no turnover, entrepreneurs can write it as zero) (if there is no turnover, entrepreneurs can write it as zero)

Steps for Online MSME Registration Procedure 

To start the Online MSME Registration Procedure, one must first apply for it. As a government-sponsored technology, Udyam registration integrates with the Internal Revenue Service and the GSTIN database. Firms that are exempt from applying the GST Act are not required to obtain a GSTIN to operate.

Application Process

1. Only businesses that are registered under the GST framework are eligible to apply for Udyam registration.
2. By enrolling on the Udyam website, you can obtain an MSME registration, and the portal will not charge you any fees in exchange for providing this service to you.
3. Following the submission of an application, a confirmation message will appear on the computer screen, containing the registration confirmation code number.
4. The MSME ministry will deliver the MSME certificate or Udyam registration certificate to the applicant’s e-mail address on file once the verification procedure is completed.
5. After receiving the application, the MSME registration documents will process, and issue the MSME registration certificate within a few days.
6. The MSME certification is valid for life and does not have to be renewed.
7. Visitors to the Udyam registration website can obtain their MSME certificate.

MSME Registration Procedure Steps are as Follows

1. The MSME enrollment form is available on the official website. You can register at https://Udyamregistration.gov.in/ or https://msmeregistrar.org/ and enter all your information.
2. Based on the information provided in the application form and accompanying documents, an applicant is assigned an MSME registration online number.
3. In step three, complete the registration process by paying with a credit card over the internet.
4. An MSME registration certificate may be issued within days after payment has been completed and approved by the appropriate authority.
5. An email with a copy of the candidate’s MSME application will be sent to the email address provided on the MSME portal. 

For new entrepreneurs who have not yet been registered as an MSME or those who have EM-II the Online MSME Registration Procedure is as follows: 

New entrepreneurs and entrepreneurs with EM-II registration must register MSME by clicking the button “For New Entrepreneurs who are not Registered as MSME yet or those with EM-II” on the home page. The Aadhaar card number and PAN number are required for new MSME registration.

When the “For New Entrepreneurs who are not yet Registered as MSME or those with EM-II” button on the homepage of the government portal is clicked, it opens the registration page and asks for the entrepreneur’s Aadhaar number and name. After entering these details, click the “Validate and Generate OTP Button.”

Conclusion 

MSME Registration is required for all small businesses. This program offers a variety of incentives to businesses, including lower interest rates and tax breaks. Many banks provide lower interest rates to registered small businesses than to larger enterprises. Grants from various government agencies can also help you expand your business. The Online MSME Registration Procedure allows you to take advantage of a wide range of government services and schemes. You cannot receive tax breaks, reimbursement for infrastructure development costs, or access to international trade shows unless you register. To register for MSME^[1], you must provide proof of ownership, such as a canceled check, as well as documents supporting that ownership. You’ll need a lease agreement, a landlord’s NOC, and your possession letter, for example. When you obtain an MSME certificate, you will be given a certificate that will last as long as you own and operate your business. For more details on the Online MSME, Registration Procedure seeks professional advice. You can also contact BizAdvisors.io.

Read our article:Benefits of MSME Registration in India