Udyam registration protects small businesses from delayed payments by larger businesses.  The government has come up with a mechanism to protect MSMEs from delayed payments by larger businesses. That helps MSMEs to have good financial stability and mentioned better cash flow.

Small Business registered under Udyam Certification is given preference in government tenders. That makes it easier to get contracts from platforms like E-Marketplace. That can help them to secure a valuable contract and boost their revenue.  

Tax Benefits and Exemptions:-

MSMEs registered with Udyam can carry forward (MAT) Minimum Alternate Tax up to 15 years (earlier which was only 10 years and) get rebates on direct taxes. That will reduce the operational cost of business.

Rebate from State Government:-

Small Business registration with Udyam gives access to rebates by both the Central Government and State Government. That rebates going to save more on setting up the business. There is some state government offering subsidies on electricity bills for Udyam registered businesses that’s going to help to reduce operational cost.           

Simplified Tax and Compliance-

Udyam registration makes tax filing and regulatory compliance easy, especially when databases integrate with GST and PAN. Being a registered MSME helps in financial tracking, better organization and also better coordination with tax consultants

You can use this website for udyam registration http://udyogregister.in

Priority in Governments Tenders:-

It’s Not Mandatory but Highly Recommended

While Udyam Registration is not compulsory, its benefits can help small businesses especially for those looking for a larger market. It has a digital process which ensures accessibility. It has a zero processing fee and its lifetime validity elements burden of compliance.