Quick Summary
The MSME Ministry has clarified that there wont be any change in benefits availed by enterprises registered on the Udyam portal and classified as per the MSME definition between April 1 and June 7, 2022. The clarification was made because the income tax departments portal, from where the Udyam porta
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FAQ :
No, the MSME Ministry has clarified that benefits availed by Udyam registered enterprises between April 1 and June 7, 2022, will not be impacted by the IT portal updation during that period.
The Udyam portal fetches data from the Income Tax and GSTN portals for MSME classification. The Income Tax portal was undergoing an updation between April 1 and June 7, 2022, which temporarily affected the data available for classification.
Due to the Income Tax portal's updation, MSME classifications for registrations between April 1 and June 7, 2022, were initially based on data from FY20 instead of the more recent FY21.
MSMEs who registered between April 1 and June 7, 2022, are advised to download their updated Udyam certificates from the Udyam Registration Portal. These updated certificates will be classified based on the FY2020-21 data.
Yes, the clarification states that any benefits availed by MSMEs based on the classification done between April 1 and June 7, 2022, will stand.
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