The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Business

MSME’s should avail Udyam Registration before March 31

by TLN Team March 30, 2021March 30, 2021
written by TLN Team March 30, 2021March 30, 2021
MSME’s should avail Udyam Registration before March 31

As Udyam registration has been made compulsory for all MSME’s  w. e. f. 01.07.2020 & the deadline for the same is 31st March 2021, the stakeholders should take care and complete their UDYAM registration process before this date said CA Julfesh Shah, MSME Expert while delivering a lecture on MSME’s & its benefits organized by MSME Entrepreneurs Forum of Western India Zone.

He also said that all existing enterprises registered under EM–Part-II or Udyog Aadhar Memorandum shall register again on the Udyam Registration portal & the existing enterprises registered under EM-Part II or Udyog Aadhar prior to 30th June, 2020, shall continue to be valid only for a period up to the 31.03.2021. CA Julfesh Shah further said that all enterprises registered till 30th June, 2020, shall be re-classified in accordance with the new notification specifying revised limits of recognition of an enterprise as a micro, small or medium scale units / enterprises as per the new definition of MSME.

In the case of businesses linked to a single PAN with different GST Numbers, collective investment in plant & machinery as well as collective turnover of an enterprise in various businesses linked to a single PAN shall be considered in order to decide category of unit as micro, small or medium enterprise. For the purpose of Udyam registration investment in Plant & Machinery shall be linked to Income Tax Return (ITR) of latest previous year filed under Income Tax Act which means that investment in plant & machinery shall be on written down method & not on gross investment basis. In the case of new enterprises, self-declaration of category of enterprises (till the time its 1st Income Tax Return gets filed) shall be base for its Udyam Registration.

Cost of plant & machinery for Udyam registration shall be invoice value less GST applied thereon.CA Shah added that turnover of export of goods &/or services shall be excluded while determining category of the unit& the amount of export turnover shall be cross checked & verified with Income Tax return & GST returns filed by an applicant unit.

An enterprise can file its all manufacturing & / or service activities in a single Udyam registration & Aadhar number of proprietor / Karta of HUF / authorized signatory is mandatory for Udyam registration, clarified CA Julfesh Shah in a largely attended webinar by entrepreneurs and industrialists.

The presentation was followed by question answer session which was effectively resolved by the speaker. Convener of the forum S.N. Rishi made welcome remarks and deputy convener V.K. Singh coordinated the session.

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
Spitting openly, a major cause in spreading TB and Corona
next post
Justice Chandwal to enquire allegations against Anil Deshmukh

You may also like

Aditya TATA Cars delivers 111 cars on Gudi Padwa

March 24, 2023

Concluding  Function “Unnati”: A Personal Growth and Skill Development...

March 24, 2023

DCM endorses VED’s concept of Tourism Complex in...

March 23, 2023

Session on Maharashtra Budget & Opportunities in Solar...

March 17, 2023

BCI allows foreign lawyers, law firms to practice...

March 16, 2023

VIA LEW celebrated International Women’s Day & felicitated...

March 15, 2023

VIA LEW celebrates International Women’s Day on March 15

March 13, 2023

Asian Scenario on Infrastructural Development: ASID2023

March 10, 2023

Mah economy expected to grow at 6.8% in...

March 9, 2023

Tax awareness program on ”Making march meaningful

March 8, 2023

Trending News

  • Donald Trump indicted, first US president to face charges

    March 31, 2023
  • What is blue Aadhaar card? check details below

    March 30, 2023
  • SBI credit card fees and charges in 2023, details below

    March 30, 2023
  • Good Friday’s Traditional Food Practises

    March 29, 2023
  • Five planets set to align in rare Celestial Event on March 28

    March 28, 2023

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

March 2021
M T W T F S S
« Feb   Apr »
1234567
891011121314
15161718192021
22232425262728
293031  

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us

© 2020 - The Live Nagpur . All Rights Reserved.