Udyog Aadhar is a 12-digit unique identification number that is issued to all Indian businesses. The main purpose of this number is to provide businesses with an easy and simple way to obtain various government benefits and subsidies. For example, businesses that are registered under Udyog Aadhar can avail themselves of various tax benefits, subsidies on raw materials, and so on.
In order to obtain a Udyog Aadhar number, businesses must first submit an online application form along with certain supporting documents. Once the application is approved, the business will be issued a Udyog Aadhar number which they can use to avail themselves of various government benefits and subsidies.
So, why do you need to register for Udyog Aadar? Let’s take a look.
- Tax Benefits: One of the biggest reasons why businesses should register for Udyog Aadar is because it entitles them to certain tax benefits. Businesses that are registered under Udyog Aadar can enjoy lower rates of excise duty and income tax. They can also avail themselves of various other tax exemptions and concessions that are available for small and medium enterprises.
- Obtaining Bank Loans: Another reason why businesses should register for Udyog Aadar is because it makes it easier for them to obtain bank loans. Banks typically ask for collateral when granting loans to businesses. However, businesses that are registered under Udyog Aadar can use their registration certificates as collateral when applying for bank loans. This makes it easier for small businesses to obtain the financing they need to grow and expand.
- Access to Government Subsidies: One of the main reasons why businesses should register for Udyog Aadar is because it provides them with access to various government subsidies. For example, businesses that are registered under Udyog Aadar can avail themselves of subsidies on raw materials, electricity, and so on. This helps businesses save money and allows them to reinvest those savings into other areas of their business.
- Easy Compliance with Government Regulations: Finally, another reason why businesses should register for Udyog Aadar is because it makes compliance with government regulations much easier. BUSINESSES That are registered under Udhyoga Aadhara can easily comply with various environmental regulations as well as labor laws. This helps businesses avoid any penalties or fines that may be imposed by the government for non-compliance with these laws and regulations.
In conclusion, there are many reasons why businesses should register for Udyog Aadar. Some of the most important reasons include the following: access to tax benefits, easier compliance with government regulations, ability to use registration certificate as collateral when applying for bank loans, and eligibility for various government subsidies. So if you have not yet registered your business under Udyog Aadar, we urge you to do so at the earliest so that you can avail yourself of all the benefits that come with it!
Fssai Registration
The Food Safety and Standards Authority of India (FSSAI) is an autonomous body established under the Ministry of Health & Family Welfare, Government of India. The FSSAI has been created for laying down standards and procedures with respect to articles of food, to regulate their manufacture, storage, distribution, sale and import to ensure availability of safe and wholesome food for human consumption. Any business that is involved in the food industry is required to obtain an FSSAI license or registration. This includes manufacturers, traders, retailers, importers, exporters, food processors, transporters, distributors, etc. There are two types of FSSAI registration – Basic Registration andstate licensing. Basic registration is required for businesses with an annual turnover of less than INR 12 lakhs whereas state licensing is required for those with a turnover exceeding INR 12 lakhs. The process of FSSAI registration or licensing is simple and can be completed online. Upon successful registration or licensing, businesses will be provided with an FSSAI number which must be displayed on all food products.