MSMEs to be urged to obtain Udyog Aadhaar

The government will urge about one crore MSMEs registered under the GST Network to obtain Udyog Aadhaar number to avail benefits of various government schemes. The finance ministry is likely to send an email to the micro, small and medium enterprises soon, detailing the services that can be obtained using Udyog Aadhaar.

The move is aimed convergence of the data-base of GSTN with Udyog Aadhaar and at procuring the MSMEs’ contact details and information about their business verticals, so that government policies can be tailored to match their needs.
The ministry cannot obtain the details of the enterprises without their consent, owing to data privacy provisions under the GST Act.
Over 48 lakh MSMEs are presently registered under Udyog Aadhaar, which enables these units to seek information and apply online about various services being offered by all ministries and departments.

Previous Tax payers upto Turnover of Rs 5 crores to file quarterly return, but pay taxes monthly.
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