Questions

What is SSI registration?

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What is SSI registration?

SSI Registration or Small Scale Industry Registration is a registration from the Ministry of Micro, Small and Medium Enterprises. Once a business obtains SSI registration, the business becomes eligible for a number of schemes and subsidies promoted by the Government to boost small businesses in India.

What are the documents required for SSI registration?

What are the documents required for SSI registration?

  • Proof of business address.
  • Purchase bill copies of raw materials, machinery and so on.
  • Partnership deed/ AoA and MoA.
  • NOC from the pollution control committee.

What is SSI unit?

Small Scale Industries (SSI) are those industries in which the manufacturing, production and rendering of services are done on a small or micro scale. These industries make a one-time investment in machinery, plant, and equipment, but it does not exceed Rs. 10 crore and annual turnover does not exceed Rs. 50 crore.

What are the benefits of SSI registration?

Following is a list of such advantages of obtaining SSI/MSME registration in India.

  • Collateral Free loans from banks:
  • A hefty 50% subsidy on Patent registration.
  • 1% exemption on interest rate on overdraft.
  • Eligible for Industrial Promotion subsidy.
  • Protection against delayed payments.
  • Concession in electricity bills:

How do I start SSI?

You can apply for SSI benefits by: Calling us at 1-800-772-1213 (or TTY 1-800-325-0778 if you are deaf or hard of hearing) and making an appointment to apply for SSI. If you are deaf or hard of hearing, we also will take your telecommunications relay services (TRS) assisted calls at 1-800-772-1213.

Is MSME and SSI same?

There is no such difference between the MSME and SSI and earlier MSME was termed as SSI. Basically, SSI or Small Scale Industries was started to expand the Small scale industries with the emergence of MSMED (Micro Small and Medium Enterprise Development Act, 2006.

Is MSME and SSI Certificate same?

Is MSME and SSI the same? There is no difference between MSME and SSI. Small Scale Industries (SSI) are those industries in which manufacturing of goods, production of goods and providing services are all done on a small scale or micro scale.

Is SSI taxable?

Do I have to pay taxes on my social security benefits? Social security benefits include monthly retirement, survivor and disability benefits. They don’t include supplemental security income (SSI) payments, which aren’t taxable.