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. |
Lokesh Rawat, From Madhya Pradesh
Recently applied Udyam Certificate