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SSI/MSME license

SSI/MSME Registration in Bihar Patna Muzaffarpur Jharkhand India Ranchi Jamshedpur Gaya Jahanabad Bettiah Begusarai Aurangabad Rohtas

 

 

MSME stands for micro, small and medium enterprises and any enterprise that falls under any of these three categories. MSME enterprises are the backbone of any economy and are an engine of economic growth, promoting equitable development for all. Therefore, to support and promote MSMEs, the Government of India through various subsidies, schemes and incentives promote MSMEs through the MSMED Act. To avail the benefits under the MSMED Act from Central or State Government and the Banking Sector, MSME Registration is required.

Micro, Small and Medium sized enterprises in both the manufacturing and service sector can obtain MSME Registration under the MSMED Act. Though the MSME registration is not statutory, it is beneficial for business at it provides a range of benefits such as eligibility for lower rates of interest, excise exemption scheme, tax subsidies, power tariff subsidies, capital investment subsidies and other support. IndiaFilings can help your business obtain MSME Registration to avail a host of benefits.

 

 

Details about SSI/MSME registration:

What is MSME Registration?
MSME Registration is an optional Registration under the MSMED Act that provides Micro, Small and Medium sized enterprises with a host of benefits such as interest rate concessions, tax benefits and access to a range of subsidies and schemes, aimed at developing MSMEs.
Who can obtain MSME Registration?
MSME Registration can be obtained by business in the manufacturing or service sector. To be classified as a MSME, Enterprises in the Manufacturing sector need to have less than Rs.10 crores of investment in plant & machinery; service Enterprises must have an investment of less than Rs.5 crores of investment in plant & machinery.
What is a Micro Enterprise under the MSMED Act?
A Micro Enterprise in the manufacturing sector is an enterprise with less than Rs. 25 lakhs of investment in plant & machinery. A Micro Enterprise in the service sector is an enterprise with less than Rs. 10 lakhs of investment in plant & machinery.
What is a Small Enterprise under the MSMED Act?
A Small Enterprise in the manufacturing sector is an enterprise with more than Rs. 25 lakhs but not exceeding Rs. 5 crores of investment in plant & machinery. A Small Enterprise in the service sector is an enterprise with more than Rs. 10 lakhs but not exceeding Rs. 2 crores of investment in plant & machinery.
What is a Medium Enterprise under the MSMED Act?
A Medium Enterprise in the manufacturing sector is an enterprise with more than Rs. 5 crores but not exceeding Rs. 10 crores of investment in plant & machinery. A Medium Enterprise in the service sector is an enterprise with more than Rs. 2 crores but not exceeding Rs. 5 crores of investment in plant & machinery.
What are some of the benefits of MSME Registration?
MSME Registration has a range of benefits implemented as subsidies, schemes and incentives. Enterprises registered with the MSMED Act enjoy interest rate concession and their borrowing is classified under Priority Sector Lending. Enterprises registered with the MSME act are also allowed to avail a number of subsidies and schemes floated by the State and Central Government. Some of them include, subsidy for ISO registration, subsidy for obtaining International patents, subsidy for participating in tradeshow, subsidy for implementing barcode on Products, etc.,
What are the documents required for MSME registration?
To obtain MSME registration, proof of address of business, proof of identity of the promoters and constitution of the business [Partnership deed, Incorporation Certificate, etc.,] is required. Additional documents may be required based on the State in which the MSME Registration is sought.
How long does it take to obtain MSME registration?
MSME Registration process is state specific. Therefore based on the state, the MSME Registration processing time differs. MSME Registration can typically be obtained in 10 – 15 working days.
What is the validity of a MSME Registration?
MSME Registration is first provided as a Provisional Registration Certificate with a validity of 5 years. Once, the unit has commenced production, a Permanent Registration Certificate is issued which is valid for lifetime of the entity.
What if my Enterprises crosses the investment threshold of the MSME Act,?
If the business grows and investments more than Rs.10 crores in plant and machinery in case of manufacturing entity and more than Rs.5 crores in plant and machinery in case of service entity, the enterprise should apply for de-registration.

 

 

 

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Call us at +91-85400-85000, +91-85400-99000

Topic of this page:

SSI/MSME Registration in Bihar Patna Muzaffarpur Jharkhand India Ranchi Jamshedpur Gaya Jahanabad Bettiah Begusarai Aurangabad Rohtas

 

This article is written by: ACS Prince Kunal
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B-6, Patrakar Nagar, Kankarbagh, Patna, Bihar-800020

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Ranchi Office: House No. 56, First Floor, Opposite Thakkar Sweets, Near Chutia Police station, Station Road, Ranchi, Jharkhand-834001

Our Services

  • Home
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  • Our Services
    • Company Registration Services
      • Sole-proprietorship registration
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      • LLP registration
      • OPC company registration
      • Private company registration
      • Public Limited Company registration
      • Section 25 company registration
      • Company Registration
    • NGO registration
      • Trust Registration
      • Society Registration
      • Section 8 company registration
    • Intellectual Property Registration
      • Copyright Registration
      • Patent Registration
      • Trademark Registration
    • Business & Trade License
      • Contractor License
      • DOT OSP license
      • Drug License
      • Food license
      • Labour License
      • SSI/MSME license
      • Trade license
    • Chartered Accountants Services
      • Accounting Services
      • Internal Audit
      • Market Research
      • Project Report Preparation
      • Statutory Financial Audit
      • Tax Audit
      • GST Audit
    • Company Secretarial Services
      • Annual Return Filing Services
      • Agreements & Deeds Drafting
      • CIBIL CHECK SERVICES
      • Corporate Governance Report
      • Credit Rating
      • Internal Audit
      • Mca Filing Services
      • Operational Audit of Credit rating agencies
      • Share Transfer Audit
      • Secretarial Audit
    • Quality Certification
      • CIBIL CHECK SERVICES
      • CE certification
      • ISI Certification
      • ISO certification
      • FSSAI Registration
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    • Tax Registration services
      • Advertisement tax registration
      • Central sales tax registration
      • Entertainment tax registration
      • Entry tax registration
      • EPF registration
      • ESI Registration
      • Luxury tax registration
      • Pan Application
      • Professional tax registration
      • Service tax registration
      • Tan application
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    • Tax Return Filing Services
      • CST Return Filing Services
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      • Excise Return filing services
      • Tds Return Filing Services
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