Question

Is registration under MSMED Act compulsory?

Answer 1

Micro, Small, and Medium estimated undertakings in both the Manufacturing and Service areas can get MSME enrollment or SSI enlistment under the MSMED Act. In spite of the fact that getting MSME enrollment isn’t required yet it is constantly recommended to small and micro establishments to enroll as it gives an assortment of advantages.

Stay tuned to BYJU’S to learn similar Commerce Questions.