GSTIN not Mandatory for MSME Udyam Registration

msme-act-2006-logo-891d09c6

The Ministry of Micro, Small, and Medium Enterprises (MSME) notified that GSTIN is not Mandatory for MSME Udyam Registration.

The Central Government amended in the notification of Government of India, Ministry of Micro, Small and Medium Enterprises number S.O. 2119 (E), dated the 26th June, 2020. In the said notification, in paragraph (5), after sub-paragraph (3), the “the exemption from the requirement of having GSTIN shall be as per the provisions of the Central Goods and Services Tax Act, 2017 (12 of 2017).” sub-paragraph shall be inserted

In paragraph (6) the “in case of any proprietorship enterprise not registered under any Act or rules of the Central Government or the State Government, the proprietor may use his or her PAN for registration of the enterprise in the Udyam Registration portal and for all other types of enterprises PAN shall be mandatory,” sub-paragraph shall be inserted.

Leave a Reply

S&P BSE SENSEX  ^BSESN 
₹ 47,883.38  ₹ 1.00  -3.44%  
NIFTY 50  ^NSEI 
₹ 14,310.80  ₹ 524.05  -3.53%  
NIFTY BANK  ^NSEBANK 
₹ 30,792.00  ₹ 1.00  -5.10%  
USD/INR  INR=X 
₹ 75.06  ₹ 0.3400  0.46%  
GST TAXPAYERS WHO ARE UNDER QRMP SCHEME? Auto-population of e-invoice details into GSTR-1 trial ITR 1 and 4 Utilities for has been available for E-filing for the Assessment year 2021-2022 Accounting Software with Audit Trail Just In:- CBDT Issue clarification Knowledge is Power! Latest Post