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As the name suggests, manufacturing enterprises engaged in the production of goods mentioned in Schedule I of the Industrial Act, 1951 fall under the manufacturing MSME category. The classification of these enterprises is based on their investment in plant and machinery.
Service-based enterprises that offer various types of services fall under the service MSME category. These enterprises are classified based on their investment in equipment, unlike manufacturing enterprises which are classified based on their investment in plant and machinery.
The documents required for online MSME registration vary depending on the type of firm.
By obtaining an MSME registration, businesses become eligible for Industrial Promotion Rate subsidy.
It enables businesses to avail the benefits of various government schemes.
MSME registration can also help businesses avail loans at a lower rate of interest.
MSME registration can provide tax benefits related to central excise and direct taxes for businesses in their initial years.
Businesses with MSME registration can also avail benefits related to sales tax and other subsidies provided by the government.
MSME registration can help reduce the cost of trademark and patent registration for businesses.
Our Team will help you prepare the required documents. Documents requirements varies depending on business model. Contact our team for guidance.
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