• UGI USER
  • May 17, 2024
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ONLINE MSMES IN TAMIL NADU STRUGGLE WITH GST LICENCE REGISTRATION CHALLENGES

Why in the news?

  • Small and medium enterprises (SMEs), including online businesses, reported difficulties in online GST registration.
  • Tamil Nadu, with 5 million MSMEs, represents 8% of India’s registrations in this category.
  • Trade groups highlighted the burden of justifying Tamil Nadu as the primary state for registration and other tax oversight measures.
source:medium

About Udyam Portal:

  • Udyam Portal: Sole government portal for MSME registration.
  • Launched by the Union MSME Ministry in 2020.
  • Free and paperless MSME registration.
  • Eligible: Micro, Small, and Medium enterprises as per classification.
  • Not eligible: Individuals.
  • Criteria: Investment < Rs.50 crore, turnover < Rs.250 crore.
  • One Udyam Registration per enterprise.
  • Integrated with CBDT and GST networks.
What is The Federation of Indian Micro and Small & Medium Enterprises (FISME)?

  • The Federation of Indian Micro and Small & Medium Enterprises (FISME) is a prominent NGO for MSMEs in India.
  • Recognized by the Government of India.
  • Member of the National MSME Board under the MSME Act 2006.
  • Consulted for SME policy-making and coordinates with the Ministry of MSMEs.
  • Collaborates with organisations like UNIDO, ILO, UNCTAD, DFID, GTZ.
  • Supported by UNCTAD, DFID, and the Ministry of Commerce & Industry.