How to Register Your MSME with Udyam in Hyderabad Telangana
MSME, or Micro, Small and Medium Enterprises, are the backbone of the Indian economy, contributing to the growth, employment, and innovation of the country. MSMEs are classified into two categories: manufacturing and service enterprises, based on their investment in plant and machinery or equipment.
If you are running an MSME in Hyderabad, the capital city of Telangana, you need to register your MSME with Udyam, the online portal for MSME registration launched by the Ministry of MSME. Udyam registration is a simple and hassle-free process that can be done online through the FoSCoS portal.
The process of registering your MSME with Udyam in Hyderabad Telangana is as follows:
- Step 1: Visit the FoSCoS portal and create an account using your Aadhaar number, mobile number, and email address. You will receive an OTP for verification and a username and password for login.
- Step 2: Login to the portal and click on the ‘Udyam Registration’ option. Fill the online application form with the details of your MSME, such as the name, address, PAN, GSTIN, bank account, sector, category, etc. You also need to provide the details of your investment and turnover, which will be auto-calculated based on your PAN and GSTIN data.
- Step 3: Upload the required documents, such as the Aadhaar card, PAN card, GST certificate, bank statement, etc. The list of documents may vary depending on the type and category of your MSME. You can check the document checklist on the portal before uploading.
- Step 4: Submit the application and pay the applicable fee, which is Rs. 1000 for online registration and Rs. 1500 for offline registration. You will receive an acknowledgment number and a reference number for tracking the status of your application.
- Step 5: Wait for the approval and issuance of your Udyam registration certificate by the Udyam Registration Authority. You will receive your Udyam registration certificate through email or post within 2 to 3 working days. You can also download it from the portal. You need to display your Udyam registration number and the Udyam logo at a prominent place in your premises.
The Udyam registration in Hyderabad Telangana is valid for a lifetime, unless cancelled or surrendered. You do not need to renew or file any returns for your Udyam registration. However, you need to update your Udyam registration in case of any change in your MSME details, such as investment, turnover, category, etc.
Udyam registration in Hyderabad Telangana is not only a legal requirement but also a business advantage. By registering your MSME with Udyam, you can avail various benefits and schemes offered by the government and other agencies, such as tax exemptions, subsidies, loans, grants, insurance, etc. You can also enhance your credibility and visibility in the market and access various opportunities for growth and expansion.
If you need any assistance or guidance in registering your MSME with Udyam in Hyderabad Telangana, you can contact Invention Tax Solutions, one of the leading MSME Udyam registration and consultation services in Hyderabad. Invention Tax Solutions has a team of experts who can help you with the entire process of MSME Udyam registration, modification, or cancellation. Invention Tax Solutions also offers other services such as company registration, trademark registration, GST registration, MSME registration, etc.
To know more about MSME Udyam registration and consultation in Hyderabad Telangana, visit Invention Tax Solutions website or call +91-7993132530. You can also fill the enquiry form on the website and get a free consultation from the Invention Tax Solutions experts. Invention Tax Solutions serves PAN India clients and has a 100% customer satisfaction rate.
Don’t wait any longer, register your MSME with Udyam today and grow your business in Hyderabad Telangana with confidence and credibility. Invention Tax Solutions is your one-stop solution for all your MSME and legal needs. Contact Invention Tax Solutions now and get started!