MSME Registration In Chennai
Businesses must register online as MSMEs in Chennai in order to get government contracts. There are several tax exemptions available under this registration, as well as protection against delayed payments and services/materials supplied.
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MSME Registration in Chennai
Online MSME registration in Chennai is essential for businesses to be able to access government tenders. There are various tax exemptions available under this registration, as well as protection against delayed payments and services/materials supplied. Registrants can also benefit from special reservation policies, multiple registrations, licenses, and approvals. Stamp duty and registration waivers are also available. Industrial Promotion Subsidy and Barcode registration Subsidy are also possible for registrants. If buyers do not make payments, then there is an easy way to clear pending payments.
Benefits MSME Registration in Chennai
- Businesses can obtain bank loans at lower interest rates (about 1 to 1.5%) than conventional loans.
- Availability of tax rebates
- Special government bids aimed mostly at MSMEs
- MAT credit, or minimal alternative tax, can now be carried forward for up to five years rather than the previous 10 years.
- Option for a one-time payment of the outstanding balance
- MSME registration holders can access the government’s e-marketplace and e-tenders through the Udyam Registration Portal.
- Holders of an MSME registration are eligible for discounts on patent registration.
Checklist for MSME Registration in Chennai
- Business Name
- PAN Card
- Address Proof
- Bank Account Information
- GST Registration (if applicable)
- Aadhar Card
- Memorandum of Association (MOA) and Articles of Association (AOA)
- Certificate of Incorporation
- Udyog Aadhaar Memorandum (UAM)
- Digital Signature Certificate (DSC)
Documents Required for MSME Registration in Chennai
- Aadhar card of Enterprise
- PAN Card of Enterprise
- GST Details
- Bank Details
- Latest Passport-size
Process for MSME Registration in Chennai
- By submitting an application on the government portal, you may do it online.
- The business owner’s PAN card and Aadhar card are the only documents required to complete this process.
- The button that reads “for new entrepreneurs who are not registered yet as MSME” must be clicked on the webpage in order to register new businesses.
- With a little legal knowledge and experience, anyone may complete the whole online application procedure without difficulty.
- A notice stating that the MSME Registration In Chennai has been successfully registered with a reference number shows on the screen when the application form has been completed and submitted.
Our Support
If you find the Udyam registration process too complicated, Intellecto Filings is here to help. Our experts will make the process easy and hassle-free, completing the registration and providing the MSME certificate in just a few clicks. The entire process is online and transparent. Don’t wait any longer – contact us now!
FAQ
What is MSME Registration in Chennai?
MSME Registration is free, paperless, and based on self-declaration. The MSME registration process is fully online, paperless, and based on self-declaration. No documents or proof are required to be uploaded for registering an MSME.
Why and how did I get MSME Certificate?
An enterprise can be registered under the MSME Act by applying online on the government portal. After successful registration, you will get an MSME certificate issued by the Ministry of MSME. Note that the MSME certificate, also known as Udyam or Udyog Aadhaar Certificate, has lifetime validity.
Is it mandatory to have an Aadhaar card for obtaining Udyam Registration?
Yes, the Aadhar card is one of the fundamental documents for availing of Udyam Registration in India.
What is the validity of the Udyam Registration certificate?
Udyam Registration Certificate remains valid for a lifetime; hence, there is no requirement of renewing the same.
Do PAN and GSTIN are mandatory for UDYAM Registration?
According to the Ministry’s relaxation, self-declaration registration is permitted up until March 31, 2021, after which PAN and GSTIN would be required for UDYAM registration.