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MSME Registration

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MSME Registration

MSME Registration is highly advantageous for Micro, Small, and Medium-sized enterprises, providing various benefits like tax exemptions and capital investment opportunities.

Businesses falling under the MSME (Micro, Small, and Medium Enterprises) category are required to register under the MSMED (Micro, Small, and Medium Enterprises Development) Act, 2006. These enterprises contribute significantly to a nation's economic growth by creating income opportunities. While MSME Registration is not mandatory by law, it proves beneficial for enterprises, enabling them to access perks such as excise duty exemptions, power tariff subsidies, lower interest rates, tax subsidies, and capital investment subsidies.

ETaxwala stands as the premier online legal services platform for MSME Registration in India. Our services encompass a range of registrations, including GST registration, FSSAI registration, Professional Tax registration, TAN registration, ESI registration, PF registration, IEC Code, Digital Signature, and Trade License, among others.

Avail MSME Registration assistance from ETaxwala in the comfort of your home, with services tailored to meet your technical and individual needs.




Key Advantages of MSME Registration

  • Tax Subsidies: Government provides various income and capital gain tax subsidies to registered MSMEs.
  • Lower Interest Rates: Banks offer reduced interest rates on loans, typically 1-1.5%, to MSMEs.
  • Quicker Approvals: MSMEs enjoy expedited approvals for licenses and certifications from the Government.
  • Special Tenders: Exclusive Government tenders are accessible to MSMEs, encouraging smaller businesses.
  • Cost-Effective Facilities: MSME-registered businesses benefit from cheaper electricity, infrastructure, and more.

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Detailed Documents Needed for Partnership Firm Registration:

  • Partnership Deed: An agreement defining rights and duties of partners.
  • Partners' Documents: PAN Cards and Address Proofs of partners.
  • Firm's PAN Card: Essential for tax purposes.
  • Firm's Address Proof: Utility bills or property documents.
  • Additional Documents: GST Registration, Bank Account details, and Partnership Registration Certificate if applicable.




Registration Process:

ETaxwala simplifies registration procedures for businesses in India:

  • Partnership Form and Document Verification: ETaxwala assists in filling forms and verifies required documents.
  • Drafting Partnership Deed: Creation of the legal partnership agreement.
  • PAN, TAN Application: Application for PAN and TAN.
  • Current Bank Account: Assistance in opening a current bank account.
  • Completion: Access and download Partnership Deed and relevant documents.




FAQs:

    Q. Who can form a partnership firm?

    Ans: ETaxwala assists in filling forms and verifies required documents.

    Q. Is a partnership firm a separate legal entity?

    Ans: No, it doesn't have a separate legal identity.

    Q. Is registration mandatory?

    Ans: No, but recommended for legal advantages.

    Q. How many partners are required?

    Ans: Minimum of 2, maximum of 10 (banking) or 20 (other businesses).

    Q. Is there a minimum capital requirement?

    Ans: No, except for maintaining a bank account balance.

    Q. Is audit mandatory?

    Ans: No statutory requirement, but tax audit if turnover exceeds limits

    Q. Can ownership interest be transferred?

    Ans: Restricted transfer among existing partners with unanimous consent