MSME Registration
The Micro, Small, and Medium Enterprises (MSMEs) hold immense importance in India’s economic framework and serve as a vital component of the supply chain for goods and services. This sector not only generates employment opportunities but also plays a pivotal role in promoting industrialization and development in rural and underprivileged regions
. As per the National Sample Survey (NSS) 73rd round conducted in 2015-2016, there were approximately 633.8 lakh unincorporated non-agriculture enterprises operating in the country, engaging in diverse economic activities and employing around 11.10 crore workers.
Introduction
MSME Registration
While obtaining MSME online registration is not compulsory, it is highly recommended for small and medium enterprises to do so as it offers numerous advantages. These include lower interest rates, tax incentives, capital investment subsidies, and various forms of government support.
Account Guru offers online MSME registration services to assist businesses in obtaining various benefits. Whether you are located in Delhi NCR, Mumbai, Bengaluru, Chennai, or any other city in India, Account Guru can help you with MSME or SSI online registration.
Benefits
MSME Registration
Access to Credit
MSME registration makes it easier for businesses to get loans at lower interest rates. Financial institutions often offer preferential treatment to MSMEs due to government schemes aimed at promoting small businesses.
Subsidies on Patent Registration and Industrial Promotion
MSMEs are eligible for various subsidies and concessions under schemes like Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), which supports financing for MSMEs without the need for collateral.
Tax Benefits and Exemptions:
MSMEs may avail themselves of various tax rebates and incentives under the GST regime and other tax benefits such as exemption from certain direct taxes in their initial years of operation.
Promotion of Export
MSMEs can benefit from reduced fees for patent and trademark registration, as well as financial support for participation in international trade fairs and exhibitions through
Collateral Free Loans:
Many banks and financial institutions provide collateral-free loans to MSMEs, making it less burdensome for small businesses to secure funds for expansion or working capital.
Preference in Government Tenders
MSMEs enjoy priority in the government sector. They receive preference in the allocation of tenders over large corporations, boosting business opportunities for smaller enterprises.
Protection Against Delayed Payments
The Micro, Small, and Medium Enterprises Development (MSMED) Act provides for settlement of dues and payments within a specified time frame, ensuring liquidity and cash flow stability for MSMEs
Technology Upgradation
MSMEs can participate in various technology upgradation programs facilitated by the government, promoting innovation and modernization within their respective sectors.
Checklists
Required Documents For Income Tax
Aadhar Card
In other cases, an Aadhar card, the director(s), or partner(s) is required for Income Tax .
Pan Card
In other cases, a PAN card or the director(s) or partner(s).
GST registration
GST Certificate Issued by the GST Department.
Bank Account Details
Required Cancel Cheque and Bank Statement.
Business Type
Required Type Of Business like Partnership, Private Limited, OPC.
Proof of investment
The nature of the business, like the kind of service you offer.
Timeline
Income Tax
Fill Up Application Form
Fill up Application form Provided by Account Guru
Pay Online Payment
Online Payment is an easy and Convenient way to pay services or goods
Executive will Process Application
The executive will Process the application Promptly and efficiently Promptly efficiently.
Get Confirmation on Mail
Confirmation emails verify that an action taken by a customer has been successful.
Process
Get Tax Free tax help
Connect With Accounting Guru
Connect with Our Team.
Our team will help you solve your doubts.
Make Payment through Secure Payment Gateways.
Expert Here For Your Help
Application preparation and recheck.
Submitting an application to MSME.
Get Your Certificate Done.