MSME registration is useful for small businesses and enterprises to get enrol with Ministry of micro, small and medium enterprises. It helps you to take benefits and incentives from state government as well as from central government. It is also treat as a proof of business existence for sole proprietor.
GOODS AND SERVICE TAX REGISTRATION
Every unit carrying business requires goods and tax number requires to pay goods and service tax once annual turnover exceed INR 20 Lac. Generally, small business volunatrily apply for goods and tax number since it ensures business existence for sole proprietor and helps startups to open current bank account in the name of sole proprietor firm.