Important Registration
MSME / Udyam Renewal & Registration
Packages Inclusion
Fast Track registration process .
Expert guidance and continued advisory services.
Seamless and personalized consultation with full transparency .
2000+ Businesses incorporated since
Overview
Maintaining your MSME (Micro, Small, and Medium Enterprise) status through the Udyam platform is crucial for businesses in India. While the Udyam Registration itself carries lifetime validity and does not require traditional “renewal,” keeping your registered details updated is vital to continuously access numerous benefits, including various government schemes, subsidies, and easier loan approvals. This guide details the importance of maintaining accurate MSME/Udyam information on the Udyam platform, the simplified online portal introduced by the Ministry of MSME.
Taxwale Consultants stands by your side to ensure your Udyam registration accurately reflects your current business status, allowing you to continually harness the full potential of being a recognized MSME.
Eligibility for MSME / Udyam Registration:
Any entity engaged in manufacturing, trading, or service activities can register as an MSME through the Udyam platform if it meets the following updated criteria. Maintaining these thresholds is crucial for retaining your MSME status.
- Micro Enterprise:
- Investment in Plant & Machinery/Equipment: Up to ₹1 crore
- Turnover: Up to ₹5 crore
- Small Enterprise:
- Investment in Plant & Machinery/Equipment: Up to ₹10 crore
- Turnover: Up to ₹50 crore
- Medium Enterprise:
- Investment in Plant & Machinery/Equipment: Up to ₹50 crore
- Turnover: Up to ₹250 crore
Taxwale Consultants can help you assess your eligibility and ensure your Udyam profile accurately reflects your current enterprise status.
Detailed Step-by-Step Procedure for Udyam Registration (and Maintenance):
While Udyam Registration has lifetime validity, understanding the initial process helps in managing and updating your details. Taxwale Consultants guides you through:
- Accessing the Udyam Platform: We help you navigate the official online portal at [udyamregistration.gov.in].
- Initiating Your Registration/Update: Whether you're starting fresh or updating an existing profile, we guide you to the correct section.
- Choosing Enterprise Type: We ensure the correct selection of "Manufacturer," "Trader," or "Service Provider" based on your primary business activity.
- Entering Basic Details: We assist in accurately providing your business name, address, and the PAN card number of the proprietor/authorized signatory.
- Adding Industry Classification: We help you choose the relevant NIC (National Industrial Classification) code based on your business activities.
- Aadhaar Verification: We facilitate the declaration and verification of information through Aadhaar OTP authentication, ensuring data integrity.
- Generating/Updating Udyam Registration Certificate: Upon successful completion, your unique Udyam Registration Number and certificate will be available. We ensure you have access to your updated certificate.
Essential Documents for Udyam Registration & Updates:
The Udyam registration process is designed to be largely self-declaratory and paperless. The primary documents required are:
- Aadhaar card of the proprietor/authorized signatory.
- PAN card of the proprietor/authorized signatory.
For updates, having your original Udyam Registration Number and login details is also essential. Taxwale Consultants assists in managing these critical pieces of information.
Key Features of Udyam Registration and Taxwale Consultants' Support:
Udyam registration offers significant advantages due to its simplified nature, and Taxwale Consultants enhances this experience:
- Fully Online & Paperless: The registration process is entirely online and paperless, making it fast and convenient.
- Minimal Documentation: No extensive documents or proof are required upfront, eliminating cumbersome paperwork.
- Completely Free of Cost: The government charges no specific registration fees for Udyam registration.
- Lifetime Validity: Once registered, your Udyam Registration has lifetime validity, eliminating the need for periodic "renewals" in the traditional sense.
- Focus on Self-Declaration: The system relies on self-declaration, simplifying the initial process.
- Taxwale Consultants' Expertise: Taxwale Consultants provides expert guidance and support throughout the initial registration process, as well as for any subsequent updates or amendments required, ensuring efficient and error-free completion and continued compliance with MSME criteria.
How it works
Experience effortless financial management with our streamlined process. Simply onboard, submit documents securely, and ensure a seamless and efficient accounting partnership with Taxwale Consultants.
01
Tell Us What You Need
02
Provide Necessary Documents
03
Track Your Work
flexible pricing plans
Choose The Best Plan
In healthy companies, changing directions or launching new projects means combining underlying strengths and capacities with new.
Billed Monthly
Billed Yearly
basic plan
$ 69
year
Discover the emerging technologies most relevant to your strategy by working.
- Support Your Business
- Revoke Dokument Access
- Detailed Risk Profiling
- Enter Unlimited Bils
- Bank Transactions
- Financial Strategy
ultra plan
$ 79
month
Discover the emerging technologies most relevant to your strategy by working.
- Support Your Business
- Revoke Dokument Access
- Detailed Risk Profiling
- Enter Unlimited Bils
- Bank Transactions
- Financial Strategy
pro plan
$ 89
month
Discover the emerging technologies most relevant to your strategy by working.
- Support Your Business
- Revoke Dokument Access
- Detailed Risk Profiling
- Enter Unlimited Bils
- Bank Transactions
- Financial Strategy
basic plan
$ 699
year
Discover the emerging technologies most relevant to your strategy by working.
- Support Your Business
- Revoke Dokument Access
- Detailed Risk Profiling
- Enter Unlimited Bils
- Bank Transactions
- Financial Strategy
ultra plan
$ 799
year
Discover the emerging technologies most relevant to your strategy by working.
- Support Your Business
- Revoke Dokument Access
- Detailed Risk Profiling
- Enter Unlimited Bils
- Bank Transactions
- Financial Strategy
pro plan
$ 899
year
Discover the emerging technologies most relevant to your strategy by working.
- Support Your Business
- Revoke Dokument Access
- Detailed Risk Profiling
- Enter Unlimited Bils
- Bank Transactions
- Financial Strategy
COMMON QUESTION
Most Popular Questions
Here are answers to some of the most common questions regarding MSME / Udyam Registration. We aim to provide clear, concise information to help address your queries efficiently.
Billed Monthly
Billed Yearly
What is MSME / Udyam Registration?
Udyam Registration is the official process of obtaining a unique identification number for Micro, Small, and Medium Enterprises (MSMEs) in India. It's a digital, paperless, and self-declaratory process that enables businesses to avail of various benefits and incentives offered by the government.
Who is eligible for Udyam Registration?
- Enterprises engaged in manufacturing or service activities, as well as trading activities, are eligible for Udyam Registration if they meet the prescribed criteria related to investment in plant and machinery/equipment and annual turnover.
What are the documents required for GST Registration?
Benefits of Udyam Registration include access to various government schemes and subsidies, priority sector lending from banks and financial institutions, protection under the MSMED Act, easier access to credit, preferential treatment in government tenders, and exemption from certain taxes.
What are the criteria for classification as a Micro, Small, or Medium Enterprise under Udyam?
Enterprises are classified based on a combined criterion of investment in plant and machinery or equipment AND annual turnover:
- Micro: Investment up to ₹1 crore AND Turnover up to ₹5 crore.
- Small: Investment up to ₹10 crore AND Turnover up to ₹50 crore.
- Medium: Investment up to ₹50 crore AND Turnover up to ₹250 crore.
What are the primary documents required for Udyam Registration?
The Udyam Registration process is largely paperless. The main documents required are the Aadhaar card and PAN card of the proprietor/authorized signatory. Investment and turnover figures are linked to the PAN and GSTIN (if applicable).
How long does it take to obtain Udyam Registration?
Udyam Registration is a very quick and seamless online process. It can typically be obtained within a few minutes to 1-2 working days from the date of application submission, as it is primarily based on self-declaration and Aadhaar verification.
Is there any fee for Udyam Registration?
No, there is no registration fee for Udyam Registration. It is a free-of-cost registration process, designed to encourage micro, small, and medium enterprises to register and avail benefits.
Can existing businesses apply for Udyam Registration?
Yes, absolutely! Both new and existing businesses meeting the eligibility criteria for MSMEs can apply for Udyam Registration to avail of the benefits and incentives offered by the government.
Can Udyam Registration be canceled or surrendered?
No, Udyam Registration cannot be canceled or surrendered voluntarily by the registered enterprise in the traditional sense, as it has lifetime validity. It remains active as long as the enterprise exists and continues to meet the criteria, or until any changes are updated.
How can Taxwale Consultants assist me with MSME / Udyam Registration and Updates?
Taxwale Consultants provides expert guidance and support throughout the entire Udyam Registration process. This includes assisting with initial documentation, accurate online application filing, ensuring proper classification, and crucially, helping you update your Udyam registration details as needed to ensure continuous compliance and access to benefits.
Make your business stand out with our personalized accounting services.
Elevate your business with our tailored accounting solutions, uniquely designed to make your financial management stand out. Experience personalized services that go beyond numbers to drive your success.
Why choose us
4 Seamless Steps to Your Success
Get what you need with Taxwale Consultants’ hassle-free process. Follow these four simple steps and let us handle the rest:
STEP 1: Get Started (FREE!)
Share your needs and questions through our Quick Enquiry Form. Connect with a friendly advisor for a personalized call within 24 hours. Receive a clear quote without any obligation – it's all about understanding your goals!
STEP 2: Find Your Perfect Path
Our dedicated advisors listen to your needs and help you explore options. We make things clear and answer any questions you have along the way. Get expert guidance and feel confident about your next steps.
STEP 3: Get it Done Simply
Access our streamlined platform for easy document management. We provide a simple questionnaire and checklist to ensure everything's covered. Relax knowing we're here to guide you every step of the way.
STEP 4: Pay Actual Fee and Enjoy Peace of Mind
Receive a transparent and fixed fee before you proceed – no surprises! Focus on achieving your goals knowing everything is handled efficiently and ethically. Trust our expertise and enjoy the journey towards your success.
MSME registration in India under the Udyam scheme is a strategic and pivotal move for small businesses aiming to fully leverage government benefits and support. Micro, Small, and Medium Enterprises (MSMEs) form the backbone of India’s economy, contributing significantly to employment generation and overall economic development. Registering your business as an MSME can open doors to a multitude of vital subsidies, incentives, and financial assistance programs provided by the government. Taxwale Consultants stands as your trusted partner to ensure a seamless and efficient Udyam registration process.
The process of MSME registration in India is designed to be straightforward and can be completed online through the official Udyam Registration portal. To begin, business owners need to provide basic details about their enterprise, including the type of organization, PAN number, and Aadhaar number of the proprietor or partners. The portal uses this information to generate a unique Udyam Registration Number (URN), which serves as official proof of your MSME status. Taxwale Consultants streamlines this entire process, ensuring accurate submission and quick generation of your URN.
One of the key and most impactful advantages of MSME registration in India is significantly easier access to credit and often lower interest rates on business loans. Banks and financial institutions frequently offer preferential treatment and specialized lending schemes to registered MSMEs, making it simpler for them to secure crucial funding for expansion, operational needs, and technological upgrades. Additionally, registered MSMEs become eligible for various government subsidies and support, such as those on patent registration, industrial promotion, and quality certification.
Another significant benefit is the protection against delayed payments. The MSMED Act mandates that buyers must make payments to MSMEs within a specified period, usually 45 days. If payments are delayed beyond this period, buyers are liable to pay compound interest. This vital provision ensures better cash flow management for small businesses, significantly reducing the risk of financial strain due to overdue receivables.
Government tenders also offer preferential treatment to registered MSMEs. Many tenders are specifically reserved for MSMEs, providing them with more opportunities to secure valuable government contracts and procurements. This can be particularly beneficial for small businesses looking to expand their market reach, diversify their client base, and establish a steady stream of revenue from public sector opportunities.
Furthermore, MSME registration in India simplifies compliance with various regulatory requirements. The Udyam Registration portal is integrated to facilitate easy updates and amendments, ensuring that businesses remain compliant with the latest definitions and regulations. Regular updates and adherence to compliance norms are essential for maintaining and continuously unlocking the benefits of your MSME status.
In conclusion, MSME registration in India under the Udyam scheme, facilitated by Taxwale Consultants, is a valuable and strategic investment for small businesses seeking accelerated growth and long-term sustainability. The extensive benefits of easier access to finance, crucial protection against delayed payments, and preferential treatment in government tenders make it a worthwhile and essential step for any eligible enterprise aspiring for a stronger foothold in the Indian economy.
why choose us
Why Clients Trust Taxwale Consultants
Benefit from our directors’ deep 15-year expertise and a dedicated team of over 20. We provide customized, proactive tax strategies to simplify your compliance and boost your financial goals.
15+ Years Expertise
Our directors bring vast experience. You get accurate, strategic tax advice.
Tailored Solutions
We focus on your unique needs. Get customized plans for your goals.
Proactive Guidance
Stay updated on tax laws. Ensures compliance, optimizes taxes.
Proven Track Record
Over 500 satisfied clients. Our 20+ member team delivers results.
testimonials
Hear From Our Valued Clients
Their team made the entire tax filing process smooth and stress-free. Professional, prompt, and reliable — exactly what every business needs. I highly recommend their services!
Ravi Mehra
FinEdge Solutions
We’ve seen real growth since partnering with them. Their financial insights and compliance support helped us streamline operations. It’s been a game-changer for our company!
Priya Deshmukh
BrightPath Enterprises
Outstanding service and clear communication. Their team genuinely cares about our success and goes beyond just numbers — they provide real guidance for smart business decisions.
Amit Khanna
CoreNechnost Telogies
Lets Talk
Connect with Our Experts
Have questions or need assistance? Schedule a consultation with Taxwale Consultants. We’re here to provide clarity and support your financial goals.