A Sole Proprietorship is a firm where the business is managed by the single person or company.The business solely depends on an individual and the owner of the business. It is a simple registration process. Sole proprietorship does not require legal formalities, to start a business in India, but you may be required to obtain certain licences such as GST registration or MSME registration, etc. The method of GST registration is a lengthy one involving business-related documents. You need to send various types of documents according to the form of company registration in order to register.In This blog we have explained how you can register Sole Proprietorship firm with GST.
Presently there is no option to make corrections or Update the Udyam registration certificate. But the Government soon will provide access to udyam registration portal for making changes on their certificate. Udyam Registration is the new process initiated by the Government Of India in initiation of Atma Nirbhar Bharat. The announcement has been issued on 26th June and came into action from 1st July 2020. The Ministry Of MSME has not announced or initiated any process to Update Udyam Registration Certificate as first the entrepreneurs who want to start their business and avail the benefits as MSME have to register under Udyam. And for those entrepreneurs who have already registered their business as the previous registration process Udyog Aadhaar have to re-register under Udyam Registration before the last date 31st March, 2021.
There are different provisions in which you can register your business in India. Udyam registration for proprietorship firms is one of the most commonly seen and and popular forms in business types in our country. In India, if you are looking for registration as a proprietor under Udyam then click here: Registration as a proprietor The MSME Government of India has introduced a new online process of enterprise registration known as ‘Udyam Registration’ on July 01, 2020. And as per the notification of the Ministry of MSME, all existing enterprises registered under EM–Part-II or UAM (MSME/ Udyog Aadhaar) shall register again on the Udyam Registration portal on or after the 1st of July 2020. Any Proprietorship firm business who intends to establish a micro, small or medium enterprise may file Registration online for Udyam in the Udyam Registration portal. Udyam Registration portal is a single-window portal, on self-declaration with no documents required to upload, papers, certificates, or proof. And all the existing MSME enterprises and businesses must re-register/convert to Udyam on or before 31st March 2021 to enjoy the MSME Benefits.
Udyam Registration is the new process of registering business under MSME. The Ministry Of micro small and medium enterprise announced on 26th June 2020. Prior to the notification, it was known as Udyog Aadhaar Registration, now known as Udyam Registration. It has been effective from the 01st day of July 2020. Any entrepreneur wishing to establish an MSME will have to register as Udyam online in Udyam registration portals. The business will be given a Udyam Registration Number and a Udyam Registration Certificate through which they can avail of the benefits of Udyam registration.
On 1st June 2020, the Govt of India announced a new business registration process for Micro, Small and Medium Enterprises (MSME). It was announced that MSMEs registration process will now be known as Udyam Registration. Anyone wishing to set up their business under MSME will be required to register online as Udyam on the Udyam registration portal. The company will be given an Udyam Registration number (URN) and a certificate.