Quick Summary
In a move aimed at enhancing transparency and facilitating compliance, the MSME Udyam Portal has rolled out a significant update introducing a user-friendly feature that allows seamless verification of Udyam Registration numbers. This feature comes at a critical juncture, aligning with the recent amendment to the Income Tax Act, specifically Section 43B(h), making it imperative for businesses to verify the authenticity of suppliers MSME numbers for income tax purposes. Key Features of the
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN - Rs.1999
1799
(Excl. of GST ₹323)
2 Years PLAN - Rs.3499
3149
(Excl. of GST ₹566)
BEST VALUE
3 Years PLAN - Rs.4999
4499
(Excl. of GST ₹809)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
The MSME Udyam Portal has launched a new feature that allows users to effortlessly verify Udyam Registration numbers.
No, the new verification feature does not require an OTP, making the process quicker and simpler.
It is crucial due to the recent amendment to Section 43B(h) of the Income Tax Act, which mandates businesses to verify supplier MSME numbers for income tax compliance.
You can access details such as the activity type (Manufacturing/Trading), yearly classification (Micro/Small/Medium), and other relevant information associated with a Udyam Registration number.
You can access the feature directly via the link: https://udyamregistration.gov.in/Udyam_Verify.aspx
CAclubindia
