Every Government in the world
gives a lot of importance for the registration of people. As an individual, we
think only about people and their registration. But keep in mind that
Government takes businesses quite seriously. So, there registration is also
very important.
Every year, Government earns handsome amount of money from these businesses in the form of direct taxes (such as income tax, withholding tax) and Indirect taxes (such as Sales tax, value added tax/ VAT).
You should keep in your mind that
there are huge % of small & medium size entities exist in India.
These entities are called MSME (micro small medium Enterprise). These entities are registered using Aadhar Udyog in India. There are so many advantages of registering your business via Aadhar Udyog.
1. It provides an easy way to legalize your business. The entire process is very simple and hassle free. Just fill out details about your business online.
2. Your business can enjoy several exemptions under direct tax laws of India, that is why, more and more owners of the businesses are applying for Udyog.
3. If you are going to apply for filling trademarks & patents, as an Aadhar Udyog registered entity, you can enjoy significant reduction in the fees. Normally, it is considered a big amount but as a Udyog holder, you save a lot.
4. Aadhar Udyog registered business can avail loan without providing any guarantee and interest free loan. Interest expense often leads to loss in the business over a long period of time.
5. You will get concession in utilities bills such as electricity bill. This is considered to be a major expense portion in the running of the business. So, the chances of making profit is very high.
Step to Obtain Aadhar Udyog
1. First step is to visit aadhar udyog portal and login into the system using your name & 12 digit Aadhar. Now click, Validate & Generate OTP. Over doing so, you will get an SMS on your registered mobile number. Now, put the OTP on the website and choose the option that matches to you such as General, SC, ST and OBC. Please keep in mind that you have an up to date mobile number registered in the Aadhar, otherwise you will not get any SMS, so you will not be able to validate.
Step 2: Fill details about the business such as name and address. Also select types of organization from the drop down menu. If you own more than one entity, then you have to apply separately for each one.
Step 3: Fill out other details such as email, mobile number and whether your entity is a manufacturing one or is operating in the service sector.
Step 4: You have to fill out details about the number of workers in your entity and the total amount you invested in doing this business. After that you will have to select the district industry Centre from the drop down form list. Once this process get finished, you will be allotted an acknowledgement number.
Every year, Government earns handsome amount of money from these businesses in the form of direct taxes (such as income tax, withholding tax) and Indirect taxes (such as Sales tax, value added tax/ VAT).
These entities are called MSME (micro small medium Enterprise). These entities are registered using Aadhar Udyog in India. There are so many advantages of registering your business via Aadhar Udyog.
1. It provides an easy way to legalize your business. The entire process is very simple and hassle free. Just fill out details about your business online.
2. Your business can enjoy several exemptions under direct tax laws of India, that is why, more and more owners of the businesses are applying for Udyog.
3. If you are going to apply for filling trademarks & patents, as an Aadhar Udyog registered entity, you can enjoy significant reduction in the fees. Normally, it is considered a big amount but as a Udyog holder, you save a lot.
4. Aadhar Udyog registered business can avail loan without providing any guarantee and interest free loan. Interest expense often leads to loss in the business over a long period of time.
5. You will get concession in utilities bills such as electricity bill. This is considered to be a major expense portion in the running of the business. So, the chances of making profit is very high.
Step to Obtain Aadhar Udyog
1. First step is to visit aadhar udyog portal and login into the system using your name & 12 digit Aadhar. Now click, Validate & Generate OTP. Over doing so, you will get an SMS on your registered mobile number. Now, put the OTP on the website and choose the option that matches to you such as General, SC, ST and OBC. Please keep in mind that you have an up to date mobile number registered in the Aadhar, otherwise you will not get any SMS, so you will not be able to validate.
Step 2: Fill details about the business such as name and address. Also select types of organization from the drop down menu. If you own more than one entity, then you have to apply separately for each one.
Step 3: Fill out other details such as email, mobile number and whether your entity is a manufacturing one or is operating in the service sector.
Step 4: You have to fill out details about the number of workers in your entity and the total amount you invested in doing this business. After that you will have to select the district industry Centre from the drop down form list. Once this process get finished, you will be allotted an acknowledgement number.
