Who can Apply?

Anyone wanting to establish an enterprise and avail of benefits from the Central or State Government and the Banking Sector can apply for an Udyam registration. 

Enterprise types for Registration

Your enterprise can fall under any of the below three categories:

Documents required for Udyam Registration

You would require the following documents for the registration.

1. Pan card
2. Aadhar card(12-digit number)
3. Postal address with district and pin
4. Bank account details of business

The Udyam Registration Process

For a New Business

If you are a new enterprise, you must register for the Udyam registration first. It is paperless and needs no document uploads.

Here are the steps to register:

1. Apply for online Udyam Registration in Udyam Registration Portal.
2. Upon application submission, you will receive the “Udyam Registration Number“(i.e., permanent identity number) assigned to your business.
3. Once the registration is complete, your business will be issued an “Udyam Registration Certificate“.

Note: An aadhar number is mandatory for Udyam registration. Below are the details of the person who should produce the number concerning the firms:

• Proprietor of a Proprietorship firm
• Managing partner of a partnership firm
• Karta of a Hindu Undivided Family
• Authorised signatory of a Company or a Co-operative Society or a Trust or a Limited Liability Partnership

For an Existing Enterprise

Existing enterprises must register again and obtain the registration on the Udyam Registration Portal on or after 1st July 2020.

If there are enterprises registered before 30th June, they should consider the following:

1. They will be reclassified based on the revised criteria notified under notification dated 26th June 2020.
2. They shall be valid only till 31st March 2021.

How to update information on the Udyam Registration Portal

If you are an Udyam registered enterprise, you must update the information online on the Udyam Registration Portal. Otherwise, you will be liable for suspending your registration. 

Note: Any updation in the classification of your enterprise will result in a consequence like:

1. If your updation is upward graduation, your enterprise will continue to maintain its status. It will then expire a year from the end of the year of the registration.
2. If your updation is downward graduation, your enterprise will maintain its status until the end of the financial year. The changed status will start to appear from the substantial financial year.

How does Udyam Registration help businesses?

The Udyam registration would help you claim government-announced benefits for your businesses. It facilitates the development & promotion of enterprises through these schemes and benefits.

Other benefits include:

• Acquirement of government tenders
• Receival of affordable bank loans at low-interest rates
• Access to tax allowances
• An exemption of 1 per cent on the interest rate on Bank Overdraft
• Easy gain of licenses, registrations and approvals 
• A high preference for your business
• Making of tariff, capital and tax subsidies
• Low patent cost or industry set-up cost 
• Electricity bill concessions
• Fast dispute resolutions
  
  

The post Udyam Registration appeared first on MyBillBook.

Indiamart is a huge B2B marketplace that renders products and services on the portal of sales. It is headquartered in Noida, India and it was discovered in 1999 by Brijesh Agarwal and Dinesh Agarwal who has been worked for HCL Technologies previously. The goal of the founders was to facilitate business with Indiamart gradually. Moreover, this company satisfies the purchasing needs of the buyers by bonding with suppliers across India. 

At this platform, the buyers can be called online sellers, e-commerce business owners, shop owners, retailers, or individual private label brands. Furthermore, it is one of the authentic and best sourcing platforms where one can buy products for business or sell items as an Indiamart seller. 

The platform consists of nearly more than 52 categories of services as well as products ranging from clothing to kitchen appliances. Hence, it allows a simple and free way to source services as well as products.

All the suppliers are 100% genuine and reliable and buyers have complete access to suppliers specifically in their towns and also all over India. It offers an Indiamart seller central portal for the users to sell products and services. 

However, one should bear in mind that GST registration is very important to sell taxable products across India no matter what business platform you are registered in. 

Eligibility to Become an Indiamart Seller

It is true that there is an eligibility criteria to become the seller of an Indiamart marketplace which is given below.

• You can become a seller Indiamart only if you have a company with GST registration. 
• Also, you need several documents to be verified including invoice, electricity bill, and CIN. Moreover, you would need certain documents for registration proof like a cancelled cheque, NACH form (if you have a monthly subscription), GST to start an Indiamart business. 
• In addition, you would need to build a catalogue that includes items like visiting cards, videos, images, product names, and brochures.

Once it is done with the document verification, then the initiation process of catalogue creation can proceed. Once the documents are verified, the team of Indiamart will contact you soon. 

Documents Required for Indiamart Seller Account Creation

As mentioned above, the important thing to keep in mind is that it is necessary to get registered with GST to make sales of taxable products in India. Of course, GST registration requires several documents to be submitted and all the documents should be kept ready in advance to make sure that the process is undertaken quickly after the submission of the application. It covers the sole proprietorship/individual, partnership firm/LLP, private limited/public limited company, and HUF for the GST registration process.

Documents for Sole Proprietorship/Individual:

• Photo of an individual
• Identity proof (Aadhar Card) and PAN card
• Bank statement or cancelled cheque or bank passbook first page
• Signatory address proof of the office
• Rented office: No objection certificate (NOC) and rent agreement from the owner
• Own office: A print document of water bill/owned property tax receipt not shared property/landline bill/municipal khata copy/water bill/ electricity bill copy.

Documents for Partnership Firm or LLP:

• Identity proof (Aadhar Card) and photographs of all the partners deed
• PAN card of designated partners and partnership firm
• Bank passbook first page or cancelled cheque or bank statement
• Signatory address proof of the additional business place and principal business place:
• Rented office – NOC (No objection certificate) and rent agreement from the owner
• Own office – A print document of water bill/owned property tax receipt not shared property/landline bill/municipal khata copy/water bill/ electricity bill copy.
• Letter of authorization
• Registration certificate of the LLP

Documents for Private Limited or Public Limited Company:

• Registration certificate of a company
• PAN card of directors and company
• Identity proof (Aadhar Card) and photographs of all directors
• AOA (Articles of Association) and MOA (Memorandum of Association)
• Crossed cheque or first page of bank passbook or bank statement
• Letter of authorization
• Signatory address proof of the additional business place and principal business place:
• Rented office – NOC (No objection certificate) and rent agreement from the owner
• Own office – A print document of water bill/owned property tax receipt not shared property/landline bill/municipal khata copy/water bill/ electricity bill copy.

Documents for HUF:

• Identity proof (Aadhar Card) and photographs of Karta
• PAN card document of HUF
• Letter of authorization
• Crossed cancelled cheque or bank passbook first page or bank statement
• Rented office – NOC (No objection certificate) and rent agreement from the owner
• Own office – A print document of water bill/owned property tax receipt not shared property/landline bill/municipal khata copy/water bill/ electricity bill copy.

How to Become a Seller on Indiamart?

It is absolutely free to register on Indiamart as a seller. You have to follow the below-given steps to create an Indiamart seller account.

• Step 1: Account creation

1. Visit the Indiamart seller portal.
2. Press on sell at the top right corner.
3. Fill in your contact number as well as your name.
4. When you receive the OTP on the contact number given, you have to enter that OTP.
5. Enter the business details like business or company name and email ID.
6. One OTP will also be sent to the email ID given for email verification.
7. A verification link will be received in the email which will redirect to a page where you have to enter the personal details, company details, and address details as well.

• Step 2: Add Products and Details

Add the details of products or services and hit the button ‘Continue’. And then add the details of the business location and the GST number. 

• Step 3: Begin Selling by Receiving Business Enquiries and Leads

Once you are done with the above-given steps, a dashboard of Indiamart sellers will be shown where you will find all the leads and inquiries, statistics, product details, and so on. 

• There your account is all ready to get involved in sales. Once all the above-mentioned steps are accomplished, you can now make an Indiamart seller login. 
• Sellers can even upgrade their seller account right from free listing to paid listing. 
• Mini Dynamic Catalog is one such method that assists the Indiamart sellers to give access to a new channel of sales where business leads will be generated from all over India and promote their business. 
• Paid listing sellers have more benefits in comparison to free listing sellers.

FAQs related to Indiamart Seller

1. What are the advantages of selling on Indiamart?

One of the benefits of selling on Indiamart is that it boosts online and brand visibility. Also, it has a big buyer base thus sellers receive access to millions of buyers once an account is created. 

2. How to add products on Indiamart?

One can update or add their products with the use of the Manage Products button on the Indiamart seller account once the account is created. While creating an account, users also have to add a few products.

3. How to make lead generation on Indiamart?

You will get 10 free leads yearly if you have upgraded to the paid plan. The sellers would be required to generate leads through their product listing in case of free listing sellers. 

4. Is there any application available for the sellers of Indiamart?

Yes, of course. There is an android application available for the sellers of Indiamart to communicate with the buyers and manage the leads. You can download it from the play store. 

The post Indiamart Seller Registration appeared first on MyBillBook.

This article will discuss how to become a PaytmMall Seller and how to complete the Paytm seller registration process.

Eligibility to become a Paytm seller 

As a Paytm seller, any sole proprietorship, limited liability partnership, or private limited business may register. All transactions will be conducted through this corporate organization. New entrepreneurs or those with an established business who wish to become a Paytmseller should register their firm. Having a distinct legal corporation protects the promoters from liabilities in the event of a lawsuit. Due to the fact that the majority of eCommerce merchants sell to consumers throughout India, it is suggested that they have minimal liability protection. Additionally, VAT registration is essential to become a Paytm seller. However, VAT registration is not necessary for the sale of unstitched clothes, books, and/or handicrafts. On the other hand, a seller can start selling on Paytm without registering for VAT by making an undertaking to register for VAT. Paytm will withhold payments to the seller until Paytm receives proof of VAT registration.

Documents required for Paytm Seller Registration

• Company name & category 
• Private Limited Company / Partnership / LLP / Proprietorship

• Contact number & Address of the firm
• PAN Card – When forming a company, limited liability partnership, or partnership, the PAN Card bearing the entity’s name is required, however when registering an individual, the PAN Card bearing the individual’s name is required.

• Bank Account – The business’s current bank account information is necessary.

• GST registration – All firms formed after April 2017 must register for the Goods and Services Tax (GST). According to the government, all enterprises selling goods on any e-commerce platform must register for GST. The following documents are necessary for registration:

• PAN Card
• A Cancelled cheque of the account on which the payments are going to be received.
• Aadhaar card
• An email address
• Phone number

• VAT registration documents
• If no VAT, then submit the Paytm VAT undertaking

• Certificate of Incorporation for a company and Partnership Deed for firms

• Address proof of the entity, for eg-

• Electricity bill
• Bank statement
• Aadhar card
• Passport copy
• Certificate of incorporation
• Rental agreement

How to become a Seller on Paytm

Step 1:Go to Paytm seller registration for Paytm Login | www.seller.paytm.com/login.

Step 2: Provide your name, phone, email and choose a password for the account.

‘SIGN UP’ form needs to be filled by submitting all the relevant details like name, email address, and documents 

Step 3: Confirm your email address and cell phone number.

An email is sent to the registered email address and a text message is sent to the registered phone number for verification.

Step 4: Provide your business’s information and address.

Post verification, the entity’s or individual’s KYC documents must be supplied, including the entity’s or individual’s Identity Proof (PAN CARD) and Address Proof.

Step 5: List your products in the catalogue.

Always keep in mind that for the ideal user experience, you might hire a professional photographer to present your products attractively. There are no fees associated with listing products on Paytm Mall.

Step 6: Launch your PaytmMall business.

Take orders, package the product, and place a Request to Pickup order. Paytm’s delivery partner will pick up and deliver the items to the consumer.

Paytm Mall will process your payment within 10-12 business days from delivery of the products once the order is successfully delivered to the consumer.

FAQ’s related to Paytm Seller

1. If I have no GST/GSTIN number, can I register?

You can register as a Seller if you have a PAN card, however, you can only sell in categories exempt from taxation. The GSTIN number is necessary for the sale of any other products.

2. My Paytm verification is still outstanding, what should I do?

Document validation takes up to 24 hours, your documents will be checked by the next working day if you submit your documents after office hours. Please raise your tickets via the Seller Support Register if your status is still pending.

3. How do I proceed if my application is denied?

You must re-submit all necessary papers through the Seller Panel.

1. Begin by logging onto the Seller Panel.

2. Hover your cursor over your seller login name on the right side of the screen.

3. Select Profile from the navigation bar and upload the missing/corrected papers.

4. How to locate a merchant’s ID?

Follow these procedures to view your Merchant ID:

• Visit seller.paytm.com and sign in.

• With your cursor over your e-mail ID, click on Profile.

• Your Merchant ID will appear directly beneath Basic Details.

5. What documentation is necessary to publish a catalogue to your Paytm mall?

To upload your catalogue to Paytm Mall, you must first authorize your brand by sharing the appropriate brand permission letter, trademark certificate, and documents pertaining to food/medicine license, among other things. 

6. Is there anything else I need to add to my listing if I want to include food products?

To sell food items, the FSSAI license and the Brand Authorization letter or Trademark certificate must be shared.

7. How can I know whether I’ve received a new order?

You may check to see if you’ve received a new order directly from your seller panel by following the two steps below:

1. From the drop-down menu, select Orders.

2. From the drop-down menu, select Confirm & Pack.

You can view a list of all recent orders placed by you right here. Until such orders are recognized, they will have the status “Pending Acknowledgement.”

8. How soon will I receive my return order? 

a. In the event of an RTO (Return before delivery) order, you will get your product within 50 days of the date the seller panel indicates the product has been labelled as “Shipped.”

b. A DTO (Return after delivery) order: Within 50 days of the Seller Panel being marked as ‘Return Picked,’ the product will be returned to you.

Bear in mind that you must register a claim within the next seven days if you experience any of the following:

– If the package is not received within 50 days of the ‘Shipped’ date (for an RTO order).

– The shipment has not been received within 50 days of being designated ‘Return Picked’ (for a DTO order).

9. What is the closing fee?

This fee is applied to each successful sale on the Paytm Mall marketplace that results in customer delivery. However, it does not apply to returned or cancelled orders and varies according to the product’s selling price range.

10. When will I receive my TDS refund?

Once our support team confirms your request for TDS reimbursement, you will get the TDS amount within the next 25 working days.

The post Paytm Seller Registration appeared first on MyBillBook.

Who can Become a Seller on Myntra?

The one who wants to become a seller on Myntra has to follow the below-given steps:

• One should fill in the “Sell With Us” form and if the application is accepted by Myntra, then you are ready to sell on this platform.
• The seller has to be registered either as a Sole Proprietorship, Private Limited Company, Partnership, or Limited Liability Partnership.
• Provide the PAN card details of the business entity, your TIN (Taxpayer Identification Number), and the complete details of your current account with the name of an account holder, bank’s name, branch, account number, and IFSC code. 

On quick registration of your business entity, it just takes a few days to roll out your products on Myntra and start selling. As soon as you see your online shop goes live, customers would be able to reach out to your products. 

Why Should You Sell on Myntra?

Myntra is a user-friendly and the most famous online shopping platform with yearly huge traffic growth across the country. It enables the seller to handle their store with a well-organized customer supply chain management and cataloguing support. Thus, the sellers can concentrate on selling their brand on this e-commerce website. The dedicated account managers of Myntra would offer fresh content and the latest industry trends for the brand of the seller. In addition, in-depth analytics, social media engagement, and various channel promotion campaigns will help the seller to know what customers actually need. 

How Does Mynta Seller Operate?

The onboard specialists of Myntra always operate with the seller to take their brand to live as early as possible. Hence, the seller can update inventory easily and begin getting orders from the large customer base of Myntra. It eases the product supply in which the seller only requires to keep their products ever-ready and then the Myntra will take their products and ship it to the consumers as soon as possible. Its working capital support and regular settlements allow the brand of the seller to grow rapidly. 

Documents Required to Become a Myntra Seller

Once you get Myntra seller registration, then the applicant must keep the following documents ready which are as follows:

• PAN card details of the business entity
• GSTIN number and GST registration certificate of applicant’s business
• Applicant’s current bank account with the name of the account holder, account number, IFSC code, name of the bank, and branch

After the registration of the applicant for becoming a seller on Myntra gets accepted, he or she can list their products on Myntra.

Eligibility Criteria for Myntra New Seller Registration

Before making the Myntra new seller registration, the applicant should take the following action to become a seller in Myntra. Keep in mind that Myntra only allows the business entity to sell on Myntra but not an individual. Therefore, you should get your business registered as legal to identify using any of the four options given below:

• Sole Proprietorship Firm
• Private Limited Company
• Partnership Firm
• Limited Liability Partnership

Once you are done with any of the above-mentioned four registrations, it is essential to complete the VAT registration to sell products on the marketplace. The applicant cannot sell on Myntra without VAT registration. 

How to Become a Seller on Myntra – Myntra Seller Registration Steps?

Check out the Myntra seller registration steps given below:

• Step 1: The seller must go to the official website of Myntra.

• Step 2: Press on the option “Registration Now” which is visible on the website’s home page.

• Step 3: Now the application form for the seller registration will appear on the screen.

• Step 4: Enter the following details in the seller registration form:

• Seller’s name
• Phone number
• Email ID
• Name of the company
• Nature of business 

• Step 5: The applicant should verify the captcha and hit the option “Submit” for successful registration after filling in the details.

Benefits of Selling in Myntra

Have a look at some of the benefits of selling products in Myntra which are as follows:

Guaranteed Minimum Returns: Even if the sales are low, Myntra guarantees minimum returns.

Style Recommendations: Sellers are allowed to take the assistance of fashion trendsetters who suggest their products’ designs. This way, sellers can deal with their products by having the latest trends. 

Minimal Investment: Sellers do not need to invest in store setup, rent/land, employees, etc. with Myntra as it just needs to run a physical store. 

Strict Screening Process: Every seller should have their PAN card and Aadhar number for the process of verification to keep off fraudulent sellers from the website.

Old/Excess Inventory: Myntra allows the selling of old, low-demand, and excess stock if it fulfills the set criteria of the brand.

Social Campaigning and Marketing: The entire marketing and social campaigning for the products are managed by Myntra therefore sellers do not have to worry about it. Hence, it helps the sellers to focus on the sales of the products and maintain their quality at the same time. 

Complete Liberty: Myntra sellers have full control and authority over their products once they are done with the registration. They can look after the whole online store, sales, quantity, and quality of the product, and the product catalogue.

Wide Consumer Reach: Myntra is a vast e-commerce platform that is a way to reach millions of customers all over the country and boost your sales. 

FAQs related to Myntra Seller

1. How can I get registered as a Myntra seller?

For registration on Myntra, you have to just fill up your registration form by pressing the button “Register Now”. They will review your application and get back to you with the next steps. 

2. What type of products can I sell on Myntra?

You can sell all types of fashion merchandise like accessories, footwear, and apparel on Myntra. Also, you can list only those products that are relevant to categories available on the website. 

3. How would my products get listed on Myntra?

Once Myntra has a signed agreement with you, the seller onboarding specialist of the company will guide you with important details to get your products listed on the portal. 

4. How would my product cataloguing be carried out on Myntra?

Product cataloguing is the primary activity to make online sales. The company would try hard to showcase your products on the website. For this, they work with recommended studio partners, cataloguing team, and photo cataloguing at Myntra studios.

5. What is the payment cycle on Myntra?

Payments are usually released on the 10th business day of every subsequent month. If there would be any exceptions, they would be covered in your detailed agreement.

The post Myntra Seller Registration appeared first on MyBillBook.

The world now is all about how easily you can have what you want. We can order anything online and have it delivered to our home. Flipkart is one of the most prominent websites for online shopping. This website has altered the purchasing experience with many innovative ideas such as same-day delivery, try & return, cash-on-delivery, and so forth. Items are available at such excellent prices that consumers increasingly opt to purchase online to save both money and time.

Flipkart is one of India’s leading e-commerce platforms nowadays.  Flipkart Sellers are individuals who sell their products on the Flipkart platform. Businesses, including sole proprietorships, partnerships, LLPs, and corporations, can register as sellers on Flipkart.

Steps Involved In Flipkart Seller Registration

To be eligible to send supplies via Flipkart, a firm or individual must complete the seller registration process. To begin, becoming a Flipkart seller requires registering as a seller on the Flipkart seller login page. Create an account on the Flipkart website’s Seller homepage. Flipkart Seller Registration is simple, involving only a few easy steps. Becoming a seller on Flipkart is a simple procedure that can be completed in a few simple steps. A seller can enter details of the products they will sell on this website.

Steps to become a Flipkart seller are,

Step 1: Create a Flipkart Seller Hub account.

The initial step is to register the business under relevant government regulations. Visit the Flipkart Seller Hub at https://sellers.Flipkart.com/ or click here. You will be redirected to the Flipkart Seller Registration page. Flipkart would now verify through email.

Step 2: Verifying Details

Second, the business person must establish a business account. Keep an eye for a confirmation email from Flipkart in your inbox. A confirmation link will be included in the email; follow the link to verify. Following that, you’ll be prompted to validate your mobile number; once confirmed, you’ll be prompted to provide the PIN and complete address of the location where you’d like Flipkart to pick up your products. After completing the process, a new page will appear.

Step 3: Information about the seller

Third, the proprietor must register the firm for GST. This stage requires you to submit the information requested by Flipkart throughout the registration process. These details are essential. To complete the Flipkart seller registration procedure, you must provide some information.

Business Details, Bank Details, and Store Details

The following is a list of the information required for registration:

• The seller’s name
• The seller’s contact information
• E-mail address
• Address of the business
• Getting a Pickup Location

Different Flipkart Seller Logins: 

Some more relevant documents have to be provided based on the type of company registered:

1. Sole Proprietorship –

If a person wishes to start his new firm and register as a seller, he may do so as a sole proprietor and begin selling online. However, it is not a highly recommended corporate structure. Additionally, it is not scalable and has limited access to loans.

Identity Verification:

• The proprietor’s passport
• The proprietor’s PAN card
• Driver’s License/Voter ID
• Other government-issued identification cards with a photograph

Address Verification:

• Bill for Utility Services (Electricity or Telephone Bill)
• A copy of the proprietor’s bank account information
• License or Lease Contract

2. Private Limited Company –

Registering a firm as a Private Limited Company has various advantages, including limited liability for entrepreneurs, simplicity of transferability, development of a distinct legal entity, the potential to engage partners or investors, and the possibility to scale up activities rapidly.

Identity Verification:

• Photocopies of the Private Limited Company’s registration documentation and certificate
• A copy of the MoA
• PAN Card for the business

Address Verification:

• Telephone bill statement
• Bill for electricity
• Agreements for Rental or Lease

3. Partnership Firm or LLP –

Limited Liability Partnerships are a very new and relatively latest kind of business development in India.

Identity Verification:

• Certificate of LLP or Partnership Registration
• Power of Attorney signed by a selected partner or member of a Limited Liability Partnership
• Deed of partnerships
• PAN Card for LLP
• Documents that designate the parties as partners

Address Verification:

• Electricity Bill for LLP
• Telephone Billing for LLP
• Lease or Rental Contract

Benefits of Becoming a Flipkart Seller:

The digital market is replacing conventional marketplace shopping. All major business organizations have recognized the importance of adapting to the client’s changing needs and have begun selling products online.

Selling on Flipkart is the simplest and most effective method of promoting and attracting worldwide clients. With a physical business, you can only focus and offer promotions to enhance the selling, but your consumer base is broad when you sell online through Flipkart. As Flipkart displays your products in all locations, you can raise your sales levels to an unprecedented scale and enhance your sales potential.

• Partnering with Flipkart allows you to sell a broader range of items and potentially sell more. Choose products with a high demand throughout the digital marketplace and a low level of competition. Conduct research on the products with the most feedback and then compare them to create a sales approach.

• Second, purchasers can even book products in advance. With attractive combo deals or discounts, you can draw your business.

• Your consumers would receive the orders on time, and as a result, you would have an excellent reputation with them. Flipkart has over 100 million registered consumers, making it the undisputed leader in the online market. All customers looking to buy will be able to see your offerings. You can establish a product catalogue in any section that Flipkart allows.

• When a buyer buys online from you, the payment is sent to your bank through the Flipkart seller account. The streamlined payment method simplifies the process of tracking your sales.

• Flipkart is well-known for its excellent logistics department, enabling you to market your products to customers in every country region, even the most remote locations. The logistics staff will pick up the items from the depot or your doorstep and deliver them to the purchaser.

• You can maximize your earning potential. Flipkart offers incredible rewards to its sellers, including low commissions and several benefits.

FAQs related to Flipkart seller

Q1. How do I keep my Flipkart seller account active?

Ans:

1. Create an account at seller.flipkart.com.
2. List your products in specific categories of merchandise.
3. After receiving an order, pack the items and label them ‘Ready to Dispatch’. The logistics partner will collect and deliver the items to the consumer.

Q2. When will my registration be complete?

Ans: The registration process for a seller on Flipkart is a three-step process. Complete the required fields, manage your profile, and complete the verification procedure. If all the documents are in order, you will be confirmed. Otherwise, you must take corrective measures. During the registration process, your email address and telephone number will be verified.

Q3. Is GST required?

Ans: Except for certain exempted items, GST registration is required for the Flipkart registration process.

Q4. Which data would be used to complete the login process?

Ans: To begin with the Flipkart seller login process, the seller must register with an email address and a mobile number. The process requires a user name and password.

The post Flipkart Seller Registration appeared first on MyBillBook.

Even though the Indian government has not yet made MSME registration mandatory, it is still beneficial because it offers numerous advantages in terms of taxation, business setup, credit options, loans, and other financial services.

In case you have just started your own business and are in the process of registering it, here is an all-inclusive guide on MSME registration in India.

What do you mean by MSME Classification?

Initially, MSME organisations providing goods and services were classified based on their investment. Here are the details of the previous MSME classification:

The companies were having difficulties with the old MSME classification. Due to their inability to expand their businesses, the Aatmanirbhar Bharat Abhiyan (ABA) revised the MSME classification by adding composite criteria that considered annual turnover and investment. 

New MSME classification

The revised MSME definition eliminated the distinction between the manufacturing and services sectors. The classification of an MSME according to the most recent revision, which considers both investment and annual turnover, is as follows.

As per the previous guidelines, the MSME classification covered only the manufacturing and service industries, but in July 2021, it was decided that wholesale and retail trade would come under the umbrella of registered MSMEs. 

However, particular areas (such as auto sales) are still outside this classification. If a company is involved in trade, regardless of sector, it can register as an MSME. Retail and wholesale trade, as well as the manufacturing and service sectors, are all included and may apply for MSME registration.

MSME Online Registration Process on Udyam

The process of MSME registration is online and is managed through the government portal udyamregistration.gov.in. MSMEs can register on the portal under either of the two categories:

1. New business owners who have EM-II and are not yet registered as MSME
2. Businesses already registered as UAM and those who have done so through Assisted filing.

Registration For Entrepreneurs Already Having UAM

Businesses registered as UAM must click the button labelled “For those who have already registered as UAM” or “For those who have already registered as UAM through Assisted filing” displayed on the government portal’s home page.

After clicking, a new page will appear where you can enter your Udyog Aadhaar number and choose an OTP option.

Now, businesses have 2 choices to get an OTP- through mobile number or email address. 

After choosing your OTP options, follow the link “Validate and Generate OTP.”Once the OTP process is complete, registration information on the MSME registration form must be filled out, and Udyam registration is complete.

Details to Include in the MSME Application Form

The business owners must provide the following information on the MSME application form:

• PAN Card
• Gender
• Individual Category such as General, OBC, SC/ST
• Aadhar Card
• Name of the business owner as per Aadhar Card
• Name of the company
• Address of the company’s office
• Date of business start-up, company incorporation, or business registration
• Details of the organisation type (Proprietorship, partnership firm, private or public limited company, limited liability partnership, co-operative society, Hindu undivided family, self-help group, society or trust)
• IFSC code and bank account number
• Enterprise business activity
• NIC code for the main activity
• Employee count
• Location of the plant/unit
• Amount invested in equipment and plants(Entrepreneurs may enter zero as an investment in plant and equipment if there is none)
• Revenue(If there is no revenue, owners can mention it as zero)

Documents Required for MSME Registration

• PAN Card
• Aadhar Card

Since the MSME registration process is online, the Udyam Registration Portal will automatically pull PAN and GST-linked information on the investment and turnover of businesses from the government databases. GSTIN and Income Tax systems are completely integrated with the Udyam Registration Portal.

MSME Registration Fees

Here are the details regarding MSME registration fees:

By June 30, 2022, all businesses with UAM registrations must switch to Udyam Registration. The UAM registration is invalid and the entrepreneurs will not be eligible to receive the benefits offered to MSMEs if they do not migrate to Udyam Registration by June 30, 2022. To be eligible for MSME benefits, they must re-register for Udyam registration.

MSME Registration Certificate

Here’s how you will receive an MSME registration certificate:

• After submitting the MSME registration form online, a confirmation message with a reference number will be sent to the email address.
• Upon verification of the registration form submitted on the portal, the Ministry of MSME will issue the Udyam Registration certificate or MSME certificate to your business email address.
• Following the submission of the registration form, the Ministry will issue the MSME certificate. The MSME registration certificate is valid for a lifetime, so business owners don’t have to worry about renewing it.

How to Get MSME Certificate Online

An entrepreneur needs to access the Udyam Registration portal to download the MSME certificate online. 

The below steps helps businesses get the MSME certificate:

1. After visiting the homepage, there is a ‘Print/Verify’ tab; click on ‘Print Udyam Certificate’.
2. On clicking, the business owner has to fill in the details such as Udyam Registration Number and mobile number.
3. Select the OTP option and click on the ‘Validate and Generate OTP’ button.
4. Enter the OTP sent to your mobile device or email address to validate the OTP and print it.

The MSME registration certificate will show up, and you can print it directly from the page. The reference number provided after submitting the MSME registration form allows an entrepreneur to verify the MSME registration number.

A business owner must select the “Verify Udyam Registration Number” option on the homepage’s “Print/Verify” tab to obtain the MSME registration number. The business owners must enter the reference number and captcha code and click the “Verify” button on the newly opened page. The MSME’s information will be displayed on the screen along with its registration number.

How do I locate my MSME UAN number?

Here are the steps you need to follow:

1. Visit https://unifiedportal-mem.epfindia.gov.in/memberinterface.
2. Select the link that reads “Know your UAN status.”
3. The authorization pin will be sent to your mobile number when you click “Get Authorization Pin.” 
4. Enter the received OTP.
5. After entering the OTP, the message “Your UAN has been sent to your registered mobile number” will be shown.

MSME Helpline Number 

Advantages of MSME Registration for Small Businesses

Below are the benefits of MSME Registration:

• Collateral-free loans and low-interest rates compared to the market rates.
• You are leveraged to 1% interest on Overdraft as an SME business owner.
• For MSME business owners, obtaining a business licence and government certificate is much easier. For instance, if you have applied for ISO certification, the government can reimburse the amount you paid.
• Sometimes, government tenders are only available to organisations that have completed their MSME registration. This opens more business opportunities for small-scale business owners.
• More discounts: If you plan to file a patent for your innovation and technology, the government provides you with 50% OFF without any promo code.
• MSME registration helps you get protection against delayed payments. For instance, if a customer purchases goods from you, he has to pay the amount between 15- 45 days. In case of delays, the customer must pay a compound interest along with the amount of the goods.
• It enables you to receive electricity bill discounts. If your business is an MSME, you can apply for some leverage.

MSME Schemes Launched by the Government

Some of the schemes are as follows:

• Udyog Aadhaar Memorandum Scheme: MSMEs can quickly access available loans for MSMEs, credit, and government subsidies under the Udyog Aadhaar memorandum scheme.

• Zero defect Zero effect: The government ensures that products made by MSMEs adhere to specific standards and are not returned to India under this initiative. The scheme, also known as the ZED, helps MSMEs get discounts and benefits for their exported goods.

• Quality management standards and technology tools: This initiative helps raise awareness of the importance of quality in MSMEs’ produced goods. It promotes healthy competition between various businesses to ensure better product production.

• Women entrepreneurship: This program aims to support and inspire women who want to develop something or grow by starting their businesses. Here, the government assists women in managing their businesses more effectively by offering them financial aid, counselling, and training.

• Credit-linked capital subsidy scheme: registered MSMEs may access funds to upgrade their businesses with new technology and replace outdated equipment. MSMEs can speak with banks directly to benefit from this scheme.

• Grievance monitoring system: This initiative was implemented to track and address grievances and suggestions from businesses and MSME owners.

How to register an MSME without an Aadhaar Card?

The applicant who does not possess an Aadhaar card following section 3 of the act has to follow the below process.

1. The relevant DIC or MSME-DE must submit UAM registration for the enterprise or business until the individual receives the Aadhaar.
2. The individual can instead present the following documents for identification in the meantime:

• Copy of Aadhaar enrollment
• Any of the subsequent Voter identification, a passport, a driver’s licence, a PAN card, a work ID, and a bank passbook
• Copy of the Aadhaar enrolment request

The post MSME Registration in India appeared first on MyBillBook.

Activate UAN

To activate UAN number, the employer has to follow the below process.

1. Login to the EPF Employer Portal or UAN Login Portal using the company’s Establishment ID and password
2. Go to the “Member” section and select “Register Individual”
3. Enter all the employee details like Aadhar number, PAN, etc.
4. Click on Approve in the “Approval” section
5. The EPFO generates a new UAN and sends it to the employer
6. The employer can use this to activate UAN number and link the EPF account of the employee to the UAN

How to Know Your UAN for EPF

When an employer generates a UAN for their employee, they provide the UAN and the EPF account number to the employee. You can also find and know your UAN using the following method:

1. Go to the EPF Member Portal
2. Click on the “Know Your UAN” option
3. Enter the mobile number that you have given to your employer. They have registered this mobile number to activate UAN number. Use the same to know your UAN
4. Enter the captcha code and click on the “Request OTP” button
5. Enter the OTP you will receive on your phone along with the captcha
6. Enter your details such as name, Aadhar Card number, PAN details, and enter the captcha for verification
7. Select “Show my UAN.” You will know your UAN

UAN Activation Through EPFO Member Portal

You can use the EPFO portal to use different services for EPF. Before you do so, you must register and activate UAN. If you do not activate UAN, you will not be able to access any online EPF services.

You can activate UAN online through the UAN portal:

1. Go to the EPF Member Portal
2. Select “Activate UAN”
3. Enter the UAN along with other details such as Aadhar Card number, name, mobile number, etc.
4. Enter the captcha code and click “Get Authorization PIN”
5. You will get an authorization PIN on your registered mobile number
6. Enter this PIN in the site and select “Validate OTP and Activate UAN”
7. Your UAN will get activated and you will receive the UAN password on your phone
8. You can log in to the EPF account using your UAN and UAN password

How to Link Aadhaar with UAN

You should link your Aadhar Card with your UAN to access your EPF and related services.

To link your Aadhar with UAN, you have to follow these steps:

1. Go to the EPF Member Portal and login into your EPF account
2. Select “KYC” in the “Manage” section
3. Click on the box in front of Aadhar to select it
4. Enter your 12-digit Aadhar Card number and name
5. Select “Save”
6. You will get a notification as “KYC Pending for Approval”
7. It will take a few days for UIDAI to confirm your details
8. Once it is done, your employer’s name is displayed as “Approved by Establishment” and your Aadhar is displayed with a notice of “Verified by UIDAI”

Documents to Activate UAN

You will require the following documents for activating UAN:

• Aadhar Card
• PAN Card
• Bank details
• Other identity or address proof

You usually submit these documents to the employer when you join the organisation.

1. Go to the EPFO portal.
2. Click on Activate UAN > Enter your UAN, Aadhar card, and mobile number.
3. Enter the captcha code and click on Generate Pin.
4. Enter the OTP sent to the mobile number to activate UAN.
5. Your PF mobile number is now active.

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