MSME much needed facility is Live considering new Section 43B(h) of IT Act; MSME Udyam Portal simplifies Registration Verification.
The MSME Udyam Portal has introduced a valuable feature that allows users to verify the details of a specific Udyam Registration number without the need for entering any OTP. The information provided includes activity type (Manufacturing/Trading), Yearly Classification (Micro/Small/Medium), and other relevant details.
This new functionality is particularly crucial in light of the recent inclusion of Section 43B(h) in the Income Tax Act. The MSME Portal has now implemented a user-friendly “Verify Udyam Registration Number” feature, enabling individuals to confirm the authenticity and details of a supplier’s MSME number. This can aid in assessing the applicability of Section 43B(h) for income tax purposes.
To access this feature, use the following link: https://udyamregistration.gov.in/Udyam_Verify.aspx