Udyam Registration (MSME)

Are you an aspiring entrepreneur or an existing business owner looking to harness the power of government benefits and support? Udyam Registration, the new identity for Micro, Small, and Medium Enterprises (MSMEs) in India, is your gateway to a multitude of advantages. At Account Assure, a leading Financial Audit Firm based in Jaipur, Rajasthan, we specialize in simplifying the Udyam Registration process, empowering your business to thrive.

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What is Udyam Registration (MSME)?

Udyam Registration is the online, paperless, and self-declaration-based process for classifying and registering Micro, Small, and Medium Enterprises (MSMEs) under the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006. It replaced the erstwhile Udyog Aadhaar Memorandum (UAM) and is a crucial step for businesses aiming to avail of various government schemes and benefits.

What is MSME Classification?

Initially, when the government introduced the MSME registration in 2006, the MSME classification was based on the investment criteria in plant and machinery or equipment. Later, the government revised the MSME classification by inserting annual investment and annual criteria. Also, the distinction between the manufacturing and the services sectors under the MSME definition was removed.

The Budget 2025 revised the MSME classification. This revised classification is effective 1 April 2025. The previous and the revised limits are provided below:

Criteria	Micro	Small	Medium
Previous Investment & Annual Turnover	Up to Rs. 1 crore	Up to Rs. 10 crore	Up to Rs. 50 crore
Revised Investment & Annual Turnover	Up to Rs. 2.5 crore	Up to Rs. 25 crore	Up to Rs. 125 crore
Previous Turnover Limit	Up to Rs. 5 crore	Up to Rs. 50 crore	Up to Rs. 250 crore
Revised Turnover Limit	Up to Rs. 10 crore	Up to Rs.100 crore	Up to Rs. 500 crore

MSME Registration Eligibility

All manufacturing, service industries, wholesale, and retail trade that fulfil the revised MSME classification criteria of annual turnover and investment can apply for MSME registration. Thus, the MSME registration eligibility depends on an entity’s annual turnover and investment. The following entities are eligible for MSME registration:

Individuals, startups, business owners, and entrepreneurs
Private and public limited companies
Sole proprietorship
Partnership firm

Limited Liability Partnerships (LLPs)
Self Help Groups (SHGs)
Co-operative societies
Trusts

Documents Required for MSME Registration

The MSME registration documents are as follows: Aadhaar card and PAN card

There are no MSME registration fees and it does not require proof of documents. PAN and GST-linked details on investment and turnover of enterprises will be taken automatically by the Udyam Registration Portal from the Government databases since the portal is integrated with Income Tax and GSTIN systems.

GST registration is not compulsory for enterprises that do not require a GST registration. However, enterprises that mandatorily need to obtain GST registration under the GST law, must enter their GSTIN for obtaining the MSME Registration or Udyam Registration.

How Account Assure Can Simplify Your Udyam Registration (MSME)

As your trusted Financial Audit Firm in Jaipur, Rajasthan, Account Assure provides end-to-end support for Udyam Registration, ensuring accuracy and efficiency

Eligibility Assessment & Classification

We help you understand the criteria and correctly classify your business as a Micro, Small, or Medium Enterprise.

Data Compilation & Verification

Assistance in gathering all necessary information, including PAN and GSTIN (if applicable), and verifying details from your IT Returns and GST Returns.

Online Application & Submission

Expert guidance and execution of the online Udyam Registration application.
Ensuring accurate data entry and seamless submission on the Udyam portal.

Certificate Issuance

Follow-up and assistance in obtaining your Udyam Registration Certificate.

Advisory on Benefits

Once registered, we provide insights into the various government schemes and benefits you can now avail of as a registered MSME.

Post-Registration Support

Guidance on updating your Udyam details in the future as your business grows.

Empower Your Business Growth with Account Assure.

Don’t miss out on the extensive benefits offered to MSMEs. Partner with Account Assure for a smooth, hassle-free Udyam Registration process. Our expertise ensures you unlock the potential for growth and secure a competitive edge.

Contact us today for a consultation and take the first step towards empowering your business with Udyam Registration.