Frequently Asked Questions
What is an MSME registration?
The government of India provides several benefits to small organizations, such as easy loan approval, cheaper credit, income tax benefits and so on. These benefits can also be availed if organizations get an MSME registration. This registration is quite simple and easy. MSME Registration was earlier known as Small scale industries (SSI) Registration.
Is MSME registration compulsory?
The MSME registration process is completely voluntary. Entrepreneurs and businessmen usually register in order to utilize the benefits offered under it.
Who are eligible for applying for MSME registration?
Any business owner or entrepreneur with a valid Aadhaar Number is eligible for availing Micro, Small & Medium Enterprise registration.
Why do I need to apply before starting my business?
Before your business commences, you will have to apply for Provisional MSME registration online. With the PRC license, you will be able to obtain working capital and term loans to kick-start your business.
What is the validity of PRC or Provisional Registration Certification?
The PRC is valid for 5 years. In case your unit is not operational at the end of the 5th year, you can re-apply. If your business is operational, you can apply for the Permanent License.
Will I get a physical copy of the certificate?
No, the government believes in paperless work.
How is the value of machinery and plant computed for MSME registration?
When it comes to computing the value of your machinery and plant, we only take into account the original amount according to the MSME registration online.
How can I acquire a loan from a bank?
Banks and financial institutions have created special schemes for MSMEs. The likelihood of your loan getting sanctioned is high while the rate of interest will be low. After MSME registration, you will also experience a preferential treatment if you delay repayment.
What benefits does the state and central government offer to MSMEs?
Enterprises that have gone through the MSME registration process and acquired a certificate are highly preferred by state and central government. Sale tax exemption, exception from certain direct taxes, subsidy on taxes and power, etc. can be availed by MSMEs.
Why AKT Associates?
Expertise - That Counts
We are handling more than 1500+ successful clients and providing them with services which covers Legal, Technical, Taxation and other business compliance part. That all says a lot on our ways of working and our expertise in the area.
Experience - That Matters
At AKT associates we have been our client’s obvious choice since more than 20 years. For serving you with the best results we use our experience of decades which has exposed us with deep understand.
Efficiency - That reflects in everything
With a strong team which comprises of experts with qualification like CA, CS, MBA & LLB and they will all available with the wholesome result, with dedicated customer service team and support staff. We are always there to execute your work efficiently.
Cost - That saves a Lot
We touch the top position not just because we are the best in what we do but also because we know the value of your time and money. We know the value of your time so all the work by AKT Associates is performed on time and at around 70% less cost in comparison to all the other leading firms of the market that too without compromising on the quality aspect.
Conveniences - That says a Lot
The services of the firm are performed and delivered by using the cutting edge technology which makes the AKT Associates always available & deliver services right in your email. So it doesn’t matter where you are because we are always at your finger tips.
