MSME Registration

Yes, they are valid till 31/03/2021 and they have to migrate to Udyam Registration.

All the existing EM Part II and UAMs register till 30/06/2020 are only valid up to 31/03/2021. If an entity does not register itself with UDYAM Portal before 31/03/2021 then after that its status shall stand suspended.

As per notification dated 26/06/2020, the time limit for registration is 01/07/2020 to 31/03/2021. However, the UDYAM portal has not started this service yet. And all the existing EM Part II and UAMs are valid till 31/03/2021.

Yes, all entities registered till 30/06/2020 shall be re-classified following the new definition. Ministry will send a communication to entities in both scenarios whether it is upward change (from a lower to a higher category) or reverse-graduation (sliding down to lower category). Provided that re-classification is also applicable to new entities taking afresh UDYAM Registration.

An entity will maintain its prevailing status until the expiry of one year from the close of the year of registration. Ex. If registration is done on the last date i.e. 31/03/2021 then on the upward change in prevailing status (Micro, Small or Medium), the prevailing status will be valid till the expiry of one year from the close of the year of registration i.e., 31/03/2022.

An entity will maintain its prevailing status until the closure of the financial year and it will be given the benefit of the changed status only with effect from 1st April of the financial year following the year in which such change took place. Ex. If registration is done on the last date i.e. 31/03/2021 then on the reverse-graduation in prevailing status (Micro, Small or Medium), the benefit of the changed status will only be available with effect from 1st April of the financial year following the year in which such change took place i.e., 01/04/2022.

Ministry has given relaxation to entities that do not have a PAN or GSTIN until 31/03/2021. They can take registration on self-declaration basis up to 31/03/22021 and thereafter, PAN and GSTIN shall be mandatory.

The last date is 31/03/2021.
The UDYAM Registration of above-mentioned entities shall be liable for suspension if before 31/03/2021, they:
a) Does not take PAN and GSTIN registration, or
b) Failed to update the same on UDYAM Portal on a self-declaration basis.

Yes, as stated earlier GSTIN is mandatory irrespective of the fact that the entities are covered under eligible entities definitions for taking registration under GST or not.

As of now, traders are not allowed to take registration under MSME.

One cannot take more than one UDYAM registration with a single PAN.

No, under the new registration process only one UDYAM registration can be generated with single Aadhar.

An enterprise having UDYAM Registration Number can update its information online in the UDYAM Registration portal on a self-declaration basis.

A new plant or new branch of business can be added by updating the UDYAM registration. An enterprise having UDYAM Registration Number can update its information online on the portal on a self-declaration basis.

Information as regards to turnover for an enterprise is linked to the GSTIN No. and last year filed GST Return. The boxes for the same are not filled at the time of submission, the amount of turnover is to be checked by the portal at back end after submission of the application. Further, Applicant file application on a self-declaration basis who do not have filed even one return under GST can fill the details on self- declaration basis and shall file the application on or before 31.04.2021 with filed GST details.

As per notification dated 26/06/2020, the purchase (invoice) value of a plant and machinery or equipment is stated to be taken for registration purposes. But UDYAM Portal has been capturing the depreciated cost as on 31st March of the relevant year and based on the same entities are classified and the certificate is generated. Therefore, ministry issues a clarification for the same dated 06/08/2020. Now the value of Plant and Machinery or Equipment’s shall mean the Written Down Value (WDV) as at the end of the Financial Year as reflected in the last year filed ITR and not the acquisition cost or original price.

Maximum 10 NIC codes can be added in one UDYAM registration.

No, NIC codes which are prohibited earlier are still not available for registration. Ministry of MSMEs, in that, regards amended its Office Memorandum dated 27/06/2017 and substitute the word “Udyog Aadhaar Memorandum” with “UDYAM Certificate”, vide notification dated 17/07/2020. Link of the official notification: https://UDYAMregistration.gov.in/docs/OM_UAN_17_7_2020.pdf

No, the UDYAM portal has not started this service yet.

Yes, on the UDYAM registration portal itself a new tab is added named Udyog Aadhaar which redirects to the old portal.
The old portal is enabled for some specific purpose only and in that regards four new tabs are inserted for redirection namely
1. Update Udyog Aadhar,
2. Print Application,
3. Print Certificate,
4. Verify Udyog Aadhar
However, this service is available until 31/03/2021 only.

Yes, old Udyog Aadhaar Memorandum (UAM) can be updated using the new tab available on the UDYAM registration portal. But this service is available until 31/03/2021 only.

Yes, one can add or delete NIC codes and, or, add or delete Plants as per their need. The old UAM will be updated accordingly.
However, this service is available until 31/03/2021 only.

Yes, any entity which is registered in India and has a place of Business in India can take MSME registration. There is no restriction on taking MSME registration by a wholly-owned subsidiary of a foreign company or foreign subsidiary or multi-national companies (MNCs).

We can help you with end to end services in Udyam Registration. It is a legal process so it is prudent to assign the work to a professionally managed firm. Know that there are no fees to be paid to anyone as legal fees as it is completely online process.

Not to worry at all! Someone from our experienced team will resolve all your queries. Our Experts will help you to give you the best advice without any consultancy fees. Get in touch with us. Write to us at info@ccoffice.in or WhatsApp/Call us +91-9988424211.