Udyam Registration - Changes In Udyog Aadhaar

As per the notification announced in initiation with Atmanirbhar scheme for facilitating ease of doing business the Ministry Of MSME has introduced the new definition of MSME and new registration process known as – ‘Udyam Registration’. The registration process has been started on 01-07-2020.

Before the notification it was known as Udyog Aadhaar Registration which is used to register under MSME. The new registration process of Udyam Comes up with many new updates and is very distinctive from the old process.

Udyog Adhaar Vs Udyam Registration

Basis Of Changes	Udyog Aadhar Memorandum	Udyam Registration
Aadhar Number	Prior to the notification, entrepreneurs can register for more than one business using Udyog Aadhaar Registration.	Now with one Aadhar you can only register for Udyam registration An enterprise can only have one Udyam Registration
PAN validation	No validation of PAN was required.	PAN and GSTIN are must for enterprises registering under Udyam and validation of PAN is mandatory.
Number of employees	Number of employees was to be entered.in Udyog Aadhaar Registration	Gender segregation must be included in Number of Employees
Linkage with Income tax, PAN and GST department	All figures was to be entered manually on self-declaration basis	Now all the details should be entered as per ITR (previous year filed) and GST.
Composite criteria for the classification of MSMEs	Earlier there were separate limits for both the sectors of manufacturing and service for classification.	Now, there is the same limit for investment and annual turnover for both the manufacturing and service sector for classifications.
Registration Certificate	At the time of registration Udyog Aadhar Memorandum (UAM) is issued.	Udyam Registration Number is issued after applying and Udyam Registration Certificate shall be issued only after verification.

Latest Changes In Udyog Aadhaar - Udyam Registration

Details of enterprise can be accessed with the help of Udyam Registration Certificate which will have a dynamic QR Code

For verification of all the information.Income tax, GST and PAN department are linked.

Classification requirements i.e. investment and company turnover are now combined for both the manufacturing and service industries.

Existing registered enterprises under Udyog Aadhaar will have to re-register before 31.03.2021 in Udyam.

PAN and GSTIN are mandatory for registration:.

GSTIN and PAN along with its Aadhaar number are mandatory in the case of a Company, LLP, Cooperative Society, Trust or Society..

Entrepreneur must apply for PAN & GST number before March, 2021 and in the case of the proprietor, you can continue with Aadhar only on a self-declaration basis

The Ministry Of MSME has made compulsory validation of PAN and GSTIN for registration on or after 01.04.2021.

.For the ease of doing business and facilitation of MSME, the registration of the following two portals are also integrated with Udyam Registration Portal

Government e-Market (GeM) portal, and
TReDS portal

New Definition Of Enterprises Re-classification Of The Existing Enterprise

In order to classify an enterprise as a micro , small or medium enterprise, an enterprise must meet all the requirements i.e. investment and turnover. If the business exceeds only one criterion's ceiling limit, it will cease to exist in that category, and be put in the next higher category.

But in both the criteria of investment as well as turnover, the enterprise cannot be placed in the lower category unless it goes below the ceiling limits specified in the present category of classification of MSME.

In the case of an upward shift (from a lower to a higher category i.e. medium to small ) a business must retain its dominant status until the expiry of one year from the end of the registration year.

In case of downfall (sliding down to lower category i.e. Small to Micro) of an enterprise, the benefit of the changed status will be given to the enterprise from 1st April,2021 till then the enterprise will continue in its present category till the closure of the financial year .

Apply With Us Today For Udyam Registration !

Government Of India has brought the new process of registration in order to provide ease of doing business to newbie entrepreneurs who want to register their business as MSME. We help startups in availing the benefits provided by the Ministry of MSME.

We are private consultant experts who are well experienced in the MSME/ Udyog Aadhaar/ Udyam of processes for small or medium enterprises business registration and certification according to the government of India rules.We 're constantly working to empower Indian companies and make the official work of their government simple and convenient.

An enquiry form is hosted on the msmeregistrar.org website where you can contact our executives for any assistance related to Udyam Registration. If you need some support you can give your contact information by email and our experts will call back.So don't wait any more and apply with us at Udyam Registration Portal.