UDYAM Certificate

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Why Choose UDYAM certificate?

Advantages

Disadvantages

Businesses that register under the program are qualified to receive specific government perks. These are the following: 1. Differential interest rates, preferential credit (lending to the priority sector), etc. 2. Excise Deduction Plan 3. The Direct Tax Laws Exemption 4. Legal backing from statutes like the Interest on Delayed Payments Act and reservations 5. Creation of industrial parks with particular uses 6. Subsidies for capital investments, power tariffs, and other assistance 7. A reduction in the government fee for trademark registration

Compared to other businesses, the registered ones have a cheaper interest rate. It is permissible for public sector banks to designate their ordinary banking branches serving SMEs as specialized branches if they allocate at least 60% of their advances to the SMEs. This is to give this industry as a whole better services.

Documents Required to Register a UDYAM CERTIFICATE

• Aadhar Card of Applicant

• Name of Enterprise/ Firm / Company

• Mobile Phone Number and Email Id of Applicant

• Address proof of Enterprise / Firm / Company

• Cancelled cheque of Enterprise /Firm / Company

• Number of Employees

Steps Involved In GST Registration.

Step 1 : Documentation Client Provides Documents required for Registration

Step 2: Application is prepared based on data provided by client

Step 3: Client Confirms the Data and Application id filed with Department

Step 4: Acknowledgement is issued by department

Step 5: Registration Certificate is issued by department on Successful Verification of Documents

Step 6: Registration Completed

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