Udyam Portal, a roaring success with enterprises, crosses 25 lakh registrations
Even as the new Udyam Registration Portal (https://udyamregistration.gov.in) has evoked enthusiastic response amongst stakeholders, the requirement for registering on the portal have been further simplified by the government. The objective of the portal is to provide a single-page registration, consume less time and simplify processes of registering any enterprise under MSME.
The definition and details, as given in the Notification dated 26.06.2020, had specified GSTIN as one of the mandatory conditions for registration on the Udyam Registration Portal, with effect from 01.04.2021. However, a number of representations were received from various MSME Associations stating that the measure of making GSTIN mandatory is impacting the registration process as many enterprises are exempt from the mandatory requirement of filing GST Returns as per the GST Act/notifications. A significant proportion of MSME may have annual turnover less than the threshold limit for exemption from registration under GST Act. The matter has been examined and a notification has been issued by the Ministry of MSME on 05.03.2021 to align the mandatory requirement for filing Udyam Registration with those for filing GST Returns, in the interest of those enterprises that are exempted from filing returns.
Further, the Udyam Registration portal has been a roaring success, with massive response from the stakeholders on account of its simplicity, objectivity and transparency, besides user-friendliness. As on 5.3.2021 (6.53 PM), the Udyam registration portal has achieved a total registration of 25,20,341.
This facilitation would further help various micro enterprises including skilled craftsmen and artisans and other enterprises in informal sector/unorganised sector to get the registration done easily. The proprietor may use his or her PAN for registration of the enterprise in the Udyam Registration Portal.
Official copy of the notification released on 5th March by the Ministry of MSME is as follows
MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES
New Delhi, the 5th March, 2021
S.O. 1055(E).—In exercise of the powers conferred by sub-sections (1) and (9) of section 7 read with sub-sections (2) and (3) of section 8 of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006), the Central Government hereby makes the following amendments in the notification of Government of India, Ministry of Micro, Small and Medium Enterprises number S.O. 2119 (E), dated the 26th June, 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (ii), namely:-
In the said notification,–
(i) in paragraph (5), after sub-paragraph (3), the following sub-paragraph shall be inserted, namely:-
"(4) The exemption from the requirement of having GSTIN shall be as per the provisions of the Central Goods and Services Tax Act, 2017 (12 of 2017).";
(ii) in paragraph (6), after sub-paragraph (8), the following sub-paragraph shall be inserted, namely:-
"(9) In case of any proprietorship enterprise not registered under any Act or rules of the Central Government or the State Government, the proprietor may use his or her PAN for registration of the enterprise in the Udyam Registration portal and for all other types of enterprises PAN shall be mandatory."
[F.No.16/4/2019/P-P & G/Policy (Pt 1)]
D. K. SINGH, Addl. Secy.
Note: The principal notification was published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii) vide number S.O. 2119 (E), dated the 26th June, 2020.Tags : corporate law