Why waste money on incorporating a company if you are eligible to register your business with MSME. MSME means micro small and medium enterprise it aims to help industrialization of rural and backward areas. It is also known by the name of Udyog Aadhaar since Aadhaar card plays an important role to get registered under MSME. MSME SSI online registration is available and all you need to do is submit the documents like id, bank proof, and place of business proof, not to forget Aadhaar is mandatory.
When u are going forMSME/SSI Online Registration you could be either service enterprise or manufacturing enterprise. For two categories that are manufacturing enterprise and service enterprise, it depends on the investment in plant and machinery. Based on the investment value in plant and machinery you could be small or medium or micro. Before you Apply for MSME/SSI Registration lets understand what are the various limits for enterprises
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- A micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 25 lakh, for microservices less than Rs. 10 lakh,
- A small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore, for small service between Rs. 10 lakh to Rs 2 Crore.
- A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore, for medium service between Rs 2 crore to Rs. 5 crores.
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MSME/SSI experts at caonweb.com will get your MSME/SSI certificate once you submit your details with us. Therefore it is best to apply for msme/ssi registration if you are small or medium scale manufacturers or a service provider. There are no difficulties at all. It is a simple process and most importantly you get the benefits of easy loan, tax subsidies etc.
Chartered Accountant by profession, CA Sanket Agarwal has an experience of above11 years in Cross Border compliance , Import Export , International Taxation & is a passionate content creator.