What is the procedure for registering your business with SSI?

SSI stands for small scale industries. Registering your business with SSI avail many benefits. The Indian government offers numerous benefits to the organization which are registered with SSI/MSME.

The manufacturing and service related business both can take the advantages of registering with SSI/ MSME. All small and medium sized business are eligible to apply for SSI/ MSME registration under MSME act. It has some advantages such as low interest of rate, tax relief, and they can get quick loans from the banks, and so on. So, you can opt for SSI online registration in Delhi to get such benefits.

Here are some steps or procedure for registering your business with SSI.

Step 1 – Provisional SSI registration

The first step to register with SSI is to get the provisional SSI registration certificate (PRC). When the unit is in a pre- operative period and help SSI unit to obtain term loan and working capital from banks under priority sector lending. This license helps the business to obtain facilities for land and other approvals. This license is given for 5 years.

Step 2 – Start the business

Now, after getting a provisional SSI certificate, it’s time to start the business with SSI certificate. The owner of the business can start the production, so that he can get a permanent SSI license.

Step 3 – Apply for permanent registration

After the business production start, then you can apply for permanent SSI registration. Obtaining permanent SSI registration will help the business in ways such as income tax and sales tax exemption, incentives and concessions and availability of raw materials and many others.

So, in these 3 easy steps, you are able to register your business with SSI. If you also have a small and medium sized business and looking for the SSI registration, then you can consult Tax Home. Tax Home is the leading service provider of SSI registration, GST registration, one person, company registration and international taxation in Delhi. You can approach Tax home to get the best business solutions.