The full form of MSME is Micro, Small, and Medium Enterprises, and this sector is the backbone of our country’s economy. The MSME industries boost the growth of the economy and even offer many job opportunities to the people. But as every business has to follow a set of rules, hence every manufacturing business or a business offering a service, or both, needs to get MSME registration. If you are thinking to start your business, then you can opt for professional help. If you are looking for MSME registration services in Delhi, then you can contact Inside Tax. In the upcoming section, we will be discussing the process and requirements for MSME registration.
When is the business eligible to get the title of MSME?
The earlier criteria for MSME registration depend on the investment done for machinery and the types of equipment that will be used for operations. It means:
But after the introduction of Aatmanirbhar Bharat Abhiyan, the MSME classification’s eligibility criteria depend on investment as well as turnover. So every business that has an investment of more than 1Cr. and turnover of more than 5Cr.
It can be performed through the portal of udyamregistration.gov.in. There are two cases for the same:
Case 1: New Entrepreneurs who haven’t registered and who hold an EM-II
Case 2: Business owners who are UAM registration
The process of MSME registration is easy and does not require any additional documents other than the PAN card and Aadhaar card. If you need more information or professional help for MSME registration services in Delhi NCR, then you can contact Inside Tax. They can provide assistance in the entire procedure with accuracy.
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