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Udyam, msme Registration and msme section 43b h act-2024

All About Udyam Registration for MSMEs in India

Udyam registration is a government initiative in India to streamline the registration process for Micro, Small and Medium Enterprises (MSMEs). Let's break down your questions and explore the benefits of Udyam registration:

msme Registration and msme section 43b h act

  1. what is udyam?
  2. how to udyam registration ?
  3. why say udyam aadhar?
  4. how to get udyam certificate?
  5. How to do udyam verification?
  6. How to get udyam registration certificate?
  7. How to download udyam certificate?
  8. How to do udyam verify?
  9. What is the law of msme section 43b h?
  10. Who will benefit from msme section 43b h act?

What is Udyam?

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Udyam refers to an enterprise registered under the Udyam Registration portal. This online portal simplifies the registration process for MSMEs, eliminating the need for multiple registrations.

How to Register for Udyam?

Udyam registration is a self-declaration process. You can visit the official Udyam Registration portal (https://udyamregistration.gov.in/) and fill out the online form. The process requires basic details like Aadhaar number, PAN card information, and business details. No document uploads are required.

Step-by-Step Guide to Udyam Registration for MSMEs in India

Udyam Registration 2024 provides a convenient and free way for Micro, Small and Medium Enterprises (MSMEs) in India to register their businesses. Here is a detailed breakdown of the process:


  • Aadhaar Card: You'll need a valid Aadhaar card for yourself (proprietor), the managing partner (partnership firm), the Karta (Hindu Undivided Family), or an authorized signatory (company/LLP/cooperative society/trust).
  • PAN Card: The PAN card associated with your business is required.


  1. Visit the Udyam Registration Portal: Open a web browser and navigate to the official Udyam Registration portal: https://udyamregistration.gov.in/

  2. Choose Registration Option: On the homepage, you'll see two options:

    • For new entrepreneurs who are not registered yet as MSME or those with EM-II: This is the option you'll select for a new Udyam registration.
    • For those already having registration as UAM: This option is for businesses previously registered under the Udyog Aadhaar Memorandum (UAM) scheme.
  3. Enter Aadhaar Details: Select the first option and enter your Aadhaar number along with your name as per the Aadhaar card. Click on "Validate & Generate OTP."

  4. Verify Aadhaar with OTP: An OTP (one-time password) will be sent to the mobile number registered with your Aadhaar card. Enter the OTP in the designated field and click "Validate."

  5. Fill Out the Registration Form: Once your Aadhaar is verified, you'll be directed to the registration form. Here's what you'll need to provide:

    • Enterprise Type: Select the legal structure of your business (proprietorship, partnership, HUF, company, LLP, cooperative society, trust, etc.).
    • Business PAN: Enter the PAN card number associated with your business.
    • Business Name: Provide the official name of your business.
    • Business Activity: Select the nature of your business activity from the available options.
    • Date of Commencement: Enter the date your business officially started operations.
    • Bank Account Details: Provide details of your business bank account, including account number, IFSC code, and bank name (optional).
    • Contact Information: Enter your business contact details, including phone number and email address.
    • Number of Employees: Indicate the current number of employees in your business.
    • Investment in Plant & Machinery/Equipment: Specify the total investment made in plant, machinery, or equipment for your business.
  6. Review and Submit: Carefully review all the information you've entered to ensure accuracy. Once everything is correct, click "Submit" to complete the Udyam registration process.

  7. Download Udyam Registration Certificate: Upon successful registration, you'll receive an e-certificate, the Udyam Registration Certificate. You can download the certificate from the portal using your registered mobile number and the received OTP.

Additional Notes:

  • The entire Udyam registration process is free of charge.
  • No document uploads are required during registration.
  • The Udyam Registration Certificate serves as proof of registration and is valid for the lifetime of your business.

By following these steps, you can successfully register your MSME under the Udyam scheme and unlock various government benefits for your business.

Why is it Called Udyam Aadhar?

Udyam Aadhar is another term for the Udyam Registration Certificate. It acts as a unique identification number for your MSME, similar to how Aadhaar functions for individuals.

How to Get the Udyam Certificate?

Upon successful registration, you'll receive an e-certificate, the Udyam Registration Certificate, which is valid for life.

Obtaining Your Udyam Registration Certificate: A Simplified Guide

Udyam registration offers a streamlined process for MSMEs in India to acquire a valid business certificate. Here's a comprehensive guide on how to get your Udyam Registration Certificate:


Method 1: Automatic Issuance

  • Upon successful Udyam registration, the portal will automatically generate and send your Udyam Registration Certificate electronically to the email address associated with your Aadhaar card.

Method 2: Downloading the Certificate

  • If you haven't received the certificate via email or want a physical copy, you can download it directly from the Udyam Registration portal. Here's how:

    1. Visit the Udyam Registration Portal: Go to the Udyam Registration portal using a web browser.
    2. Click "Print/Verify": On the homepage, locate the "Print/Verify" section and select "Print Udyam Certificate."
    3. Enter Registration Number: Enter your 19-digit Udyam Registration Number (e.g., UDYAM-XX-00-0000000).
    4. Verify Mobile Number or Email: Choose the method for verification - either the mobile number or email address registered with your Udyam application.
    5. Generate OTP: Click "Validate & Generate OTP" to receive a one-time password on your chosen verification method.
    6. Enter OTP and Download: Enter the received OTP and click "Validate OTP and Login." Once logged in, you'll be able to access and download your Udyam Registration Certificate.

Additional Tips:

  • Keep a copy of your Udyam Registration Certificate for your records.
  • You can download the certificate multiple times if needed.
  • If you encounter any difficulties during the download process, reach out to the Udyam Registration portal's support channels for assistance.


  • The Udyam Registration Certificate is a digital document with legal validity. You can present it electronically or take a printout for physical use.
  • There are no charges associated with downloading the certificate.

By following these steps, you can easily obtain your Udyam Registration Certificate, a valuable document for your MSME in India.

How to Verify Udyam Registration?

There's no separate verification process for Udyam registration. The certificate itself serves as proof of registration. You can download the certificate from the Udyam Registration portal for your reference.

How to Download the Udyam Certificate?

The Udyam Registration portal allows you to download your certificate. You'll need your registered mobile number and a one-time password (OTP) received on that number to access and download the certificate.

What is MSME Section 43B(h)?

This section of the Income Tax Act provides tax benefits for MSMEs. However, it's recommended to consult a tax professional for in-depth information on claiming these benefits under Section 43B(h).

Understanding MSME Section 43B(h): A Guide for Businesses Dealing with MSMEs

MSME Section 43B(h) of the Income Tax Act, introduced in 2023, aims to improve cash flow for Micro, Small and Medium Enterprises (MSMEs) in India by incentivizing timely payments from buyers. Here's a breakdown of its key aspects:

What it Does:

  • This section disallows businesses (buyers) from claiming tax deductions for expenses incurred on goods or services purchased from registered MSMEs if the payment is delayed beyond a specific timeframe.

In simpler terms:

  • If you (a buyer) don't pay an MSME (seller) on time, you can't deduct that expense from your taxable income, potentially increasing your tax liability.

Benefits for MSMEs:

  • Encourages timely payments, ensuring a smoother cash flow for MSMEs, which is crucial for their growth and sustainability.
  • Strengthens their bargaining power when negotiating payment terms with larger companies.
  • Reduces potential disputes and legal issues arising from delayed payments.


  • This section applies to transactions involving the purchase of goods or services from enterprises registered under the MSME Development Act, 2006.

Time Limits for Payments:

  • The MSME Development Act specifies time limits for payments to MSMEs:
    • 15 days without a written agreement
    • 45 days with a written agreement (clearly mentioning the payment terms)

Key Points to Remember:

  • This provision applies to assessment years 2024-2025 onwards (financial years starting from April 1, 2023).
  • The onus is on the buyer (assessee) to maintain proper records demonstrating timely payments to MSMEs.
  • Consulting a tax professional is recommended for a detailed understanding of claiming deductions and complying with Section 43B(h).

Impact on Businesses:

  • Larger companies and entities dealing with MSMEs may need to adjust their payment cycles to ensure settlements within the stipulated timeframe.
  • This can improve overall financial discipline and promote a more robust business ecosystem.

Who Benefits from MSME Section 43B(h)?

MSMEs registered under the Udyam scheme can potentially benefit from tax deductions under Section 43B(h).

Beneficiaries of MSME Section 43B(h):

  • Micro, Small and Medium Enterprises (MSMEs): This section is designed to specifically benefit MSMEs by ensuring they receive timely payments from buyers. This improves their cash flow, strengthens their bargaining power, and reduces issues arising from delayed payments.

In Conclusion

Udyam registration offers a simplified and free process for MSMEs to register their business and gain access to various government benefits. For more information on specific schemes and tax advantages, consulting a professional is always recommended.

For a comprehensive guide on MSME-related processes in Tally, including invoice printing and outstanding report generation, you can refer to our informative article: MSME Print in Invoice and Outstanding Report Tally: MSME UDYAM Print in Invoice and Outstanding Report Tally TDL

I hope this response effectively addresses your prompt and provides valuable insights for your readers!

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