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MSME Udyam Registration simplified, GSTIN not mandatory

By TIOL News Service

NEW DELHI, MAR 09, 2021: THE Ministry of Micro, Small and Medium enterprises (MSME) said on Monday registering on the Udyam Registration Portal has been further simplified by the government, with GSTIN (Goods and Services Tax Identification Number) not mandatory anymore.

The paperless portal which provides a single-page registration process for any enterprise under MSME, was launched in 2020, with GSTIN as one of the mandatory conditions for registration. Several MSME associations noted that their members have may have annual turnover less than the threshold limit and are therefore exempt from registering under the GST Act and may not be required to file GST returns.

The matter was examined and the Ministry of MSME notified on March 5 to align the mandatory requirement for filing Udyam Registration with those for filing GST Returns, in the interest of those enterprises that are exempted from filing returns. Further, the proprietor may use their PAN (Permanent Account Number) for registration.

"The Udyam Registration portal has received a massive response from the stakeholders on account of its simplicity, objectivity and transparency, besides user-friendliness," said the ministry.

As on March 5, they have registered over 25.20 lakh MSMEs on the portal.


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