This Video shares information on Udyam MSME Enterprise Classification. For those who wish to Register for Udyam / MSME Registration this will certainly help. Click on the Video to view..
What type of business comes under Udyam MSME?
- Micro Enterprises – where the investment in plant and machinery or equipment does not exceed one crore rupees and turnover does not exceed five crore rupees
- Small Enterprises – where the investment in plant and machinery or equipment does not exceed ten crore rupees and turnover does not exceed fifty crore rupees
- Medium Enterprises – where the investment in plant and machinery or equipment does not exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees.
Any Business having a turnover of or less than Rs. 1.5 Crores is considered a Small Business in the GST Regime and are required to GST Returns Filing & pay taxes but on a quarterly basis. Meaning MSMEs were open to the GST compliance procedures of registration, Return Filing, payments, refunds, returns, etc.
Have questions regarding Udyam MSME Registration?
Get your queries answered by seasoned experts. Hiring an experienced Udyam MSME Consultant can help you save time and efforts and get an Udyam MSME Registration without a hassle in stipulated time period. Here is the List of Top 5 Udyam MSME Consultants in India:
WeR Consultants – Call: 7715923881, 8767805809 – https://www.werconsultants.com
Osgan Consultants – Call: 9811226085 – http://osganconsultants.com
MS Legal Associates – Call: 9980677677 – http://www.mslegalassociates.in
ADCA – Call: 7303414760 – https://adca.in
Suvidha Consultants – Call: 9051029900 – https://www.suvidhagroup.in
Guidelines for Selecting the Right Consultant
- Most Important – don’t fall into free consultation trap. If you are sent a link and asked to add your 5 star review to their fake google listing, then refuse.
- Seek their credentials. Ask about their experience, previous clients, references, get names and phone numbers of people you can call and validate.
- There are a lot of frauds out there who will pretend to be good and honest professionals. Do your research. Check online reviews using their names.
- Ask questions relevant to your license and how much they charge for their services. If you feel that they lack knowledge or can’t justify the fee then let them go.
- Arrange a meeting at their office. If they ask you to meet else where or if they claim to work from home or have no office then walk away.
- Check if their business is registered. If it is legitimate, why should it not be registered, ask yourself.
- Connect with a number of consultants and compare information. Take your time.
- Get the final proposal with cost and timeline well defined in writing. This way you can hold them responsible if the license is not delivered on time.
- Do not pay in advance. No matter how convincing they sound. Tell them that you will pay once your work is done. Period.
- After you get your license, check with authority directly to validate its authenticity. If all is correct, only then pay.
Related Topics:
What is Udyam MSME Registration?
Udyam MSME Enterprise Classification
Documents Required for Udyam MSME Registration