MSME Registration

Micro, Small and Medium Enterprises are called MSME business it has various advantages over other form of business such as subsidies, schemes, and incentives provided by Government of India through the MSMED Act. MSME Registration is required to avail of the benefits under the MSMED Act from the Central or State Government and the Banking Sector,

MSMEs in any manufacturing and service sector can acquire MSME Registration. However, this registration is not obligatory but , it is still advantageous for business as it presents a range of benefits such as eligibility for lower rates of interest, excise release scheme, tax allowances, and much other support. GST Suvidha Centers can help your business obtain MSME Registration to avail of a host of benefits.

Benefits of MSME Registration
 

• The bank loans become cheaper as the interest rate is very low at around 1 to 1.5%. Much lower than interest on regular loans.


• There are various tax rebates offered to MSME.


• It also allowed credit for minimum alternate tax (MAT) to be carried forward for up to 15 years instead of 10 years


• Many government tenders are only open to MSME Industries.


• They get easy access to credit.


• Many rebates and concessions are available


• Business registered under MSME is given a higher preference for government license and certification.


• There is a One Time Settlement Fee for non-paid amounts of MSME.


•