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Traders in udyam

Ankit chaturvedi (CA in Practice) (241 Points)

02 March 2023

can traders get udyam registration? if yes, what kind of traders are allowed? please eboborate

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3 Replies

Neha (ENTREPRENEUR) (200 Points)
Replied 03 March 2023

Yes, traders can get Udyam registration.

The eligibility criteria for Udyam registration are as follows:

The business should be a sole proprietorship, partnership, or a limited liability partnership (LLP) firm.
The business should have a valid PAN (Permanent Account Number) and GSTIN (Goods and Services Tax Identification Number).
The business should not exceed the turnover limit of Rs. 100 crore.
The business should not exceed the investment limit of Rs. 50 crore.

Udyam Registration (execcutive) (24 Points)
Replied 19 April 2023

Yes, traders can get Udyam registration in India. The Udyam registration scheme is applicable to micro, small, and medium-sized enterprises (MSMEs) engaged in manufacturing or service activities.

Traders involved in buying and selling goods or services are considered service providers under the Udyam registration scheme. To be eligible for Udyam registration, a trader must meet the following criteria:

The trader should be a sole proprietor, partnership firm, or limited liability partnership (LLP).

The trader's turnover should be less than Rs. 5 crores for a microenterprise, less than Rs. 50 crore for a small enterprise, and less than Rs. 250 crore for a medium enterprise.

The trader should have a valid PAN card and GST registration if applicable.

The trader should not be engaged in any illegal or prohibited activities.

Once a trader fulfills the above criteria, they can register for Udyam online through the Udyam Registration Portal. The registration process is free and requires basic information about the trader, such as their name, Aadhaar number, business details, and bank account details.

Upon successful registration, the trader will receive a Udyam Registration Certificate with a unique Udyam Registration Number (URN). The certificate is valid for a lifetime unless the trader exceeds the turnover limit of their respective enterprise category.

Godiva Taylor (2 Points)
Replied 12 September 2023

Yes, traders can get Udyam registration. Udyam registration is available for micro, small, and medium enterprises (MSMEs) in India. Traders engaged in buying, selling, or supplying goods are eligible to apply for Udyam registration. This includes both manufacturers and service providers involved in trading activities.

To be eligible for Udyam registrationtraders must meet the following criteria:Geometry Dash Scratch

1. Micro, Small, or Medium Enterprise: Traders should fall under the definition of micro, small, or medium enterprises as per the MSME Act, 2006. The classification is based on investment in plant and machinery or equipment for manufacturing enterprises, and on investment in equipment for service enterprises.

2. Proprietorship, Partnership, or Limited Liability Partnership (LLP): Traders can apply for Udyam registration under any of these business structures.

3. Aadhaar Card: The applicant must have a valid Aadhaar card for the registration process.

It is important to note that Udyam registration is voluntary and not mandatory. However, obtaining Udyam registration can provide various benefits to traders, including access to government schemes, subsidies, credit facilities, and other support mechanisms.