msme registration in chennai

MSME Registration in India

Get your MSME Company Registration Online through Tax Robo in Chennai and across India. The simple, hassle-free process to get your firm MSME certified.


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Online MSME Registration  


Online Registration of a MSME is now easy with Tax Robo's simple registration process. Register today!


Start with the customer – find out what they want and give it to them.

What is MSME?


MSMEs or Micro, Small & Medium Enterprises, as the name suggests are small-scale companies looking forward to expanding their business while supporting the small unorganized work sector that feeds its supply of products and services.

The MSME companies bring about 45% of industrial jobs offered in India, about 50% of total exports, and nearly 95% of total industrial units in the country.

The Indian economy greatly depends on these small industries as they form the backbone of the economy, providing jobs and a means of survival to the underprivileged.


MSME Registration Process


It can be done online by applying on the Government portal.

The only documents one would need to fulfill this process are the PAN Card and Aadhar Card of the Business owner.

New Business owners must register by clicking on the button "for new entrepreneurs who are not registered yet as MSME" as shown on the homepage.

The entire online application process is easy and can be done online with a little knowledge of law and expertise in legal matters.

Once the application form is filled and submitted, the MSME gets registered, and a message of successful registration with reference no. appears on the screen.

After verification of registration, which usually takes a few days, the Udyam Registration certificate is issued.

If that sounds too much of trouble, Tax Robo is always there to assist you.

Let us help you register your small company as an MSME recognized by the Government of India.

MSME Classification

MICRO

Investment < Rs.1 Cr and Turnover Rs.5 Cr.

SMALL

Investment Rs.10 Cr and Turnover < Rs.50 Cr.

MEDIUM

Investment < Rs.50 Cr and Turnover < Rs.100 Cr.

MSME Registration Packages


Basic Package

₹999 .00

* All Exclusive

  • MSME Registration
  • Udyog Aadhaar

Family Auditor

₹2999 .00

* All Exclusive

  • MSME Registration
  • GST Registration
  • Free GST Return filing for 1 Month
  • Free Bank Account Opening
  • Free Experts Consulting

Key Benefits of MSME Registration for Businesses in India 


  • Businesses can avail of cheaper Bank loans with lower interest rates (around 1 to 1.5 percent) in comparison to regular loans
  • Tax rebate availability
  • Unlike the regular Minimum Alternate Tax (MAT) duration of 10 years for credit, MSMEs are allowed to carry forward this limit to 15 years for credit against MAT
  • Special Government tenders catering to MSMEs mainly
  • Easy credit accessibility Low-cost for industry set-up, patents, and so no due to special Tax rebates and other concessions
  • High preference from the Government in terms of licensing and certification
  • One-time settlement option for the unpaid amount

 

Documents Required Registration of MSME Registration



ID Proof

Scanned copy of PAN Card, Voter ID, Passport , Driving License

Registered Office Proof

No Objection Certificate (NOC) from the owner, Utility bill (should not be older than two months) and Notarized Rent agreement (in case of rented property) / Registry Proof or House Tax Receipt (in case of owned property)

Address Proof

Latest Bank statement/ Utility bill in the name of director which should not be older than two months

Photo

Latest passport size photograph

Compliance After Registration of MSME Registration 


Statutory Obligations

✓ File GST return every month without delay

✓ PF & ESI return filing

✓ TDS Payments & Return filings

✓ Advance Tax payments

✓ File Income Tax return by every year before due date

Compliances

✓ GST registration

✓ PF & ESI Registration if applicable

✓ Profession Tax registration

✓ Import & Export Code registration

✓ STPI Registration / SEZ registration

✓ Secretarial compliance required for passing resolutions, Change in Management, entering contracts, loan obligations etc

Accounts & Operations

✓ Open a Bank account with one Private Bank and one scheduled Bank

✓ Get one accounting software with GST facility

Performance

✓ Review Financial Products performance by every 3 months

✓ Compare the budget amount with actual Financial Products results