Module: General Practice
Q121: Which of the following statements regarding the MSME Registration (Udyam) Procedure is INCORRECT?
✅ Correct Answer: C
Option C is the incorrect statement.
Under the Udyam Registration guidelines, an enterprise shall file only one Udyam Registration.
Any number of activities (whether manufacturing or service) can be added to that single registration.
Multiple Udyam IDs cannot be generated on the same PAN.
The process is fully online, free of cost, and paperless, based on self-declaration.
However, the system verifies PAN and GSTIN from the backend (Income Tax and GSTN systems). The classification (Micro/Small/Medium) is updated automatically based on the latest tax and GST returns linked to the PAN.
Under the Udyam Registration guidelines, an enterprise shall file only one Udyam Registration.
Any number of activities (whether manufacturing or service) can be added to that single registration.
Multiple Udyam IDs cannot be generated on the same PAN.
The process is fully online, free of cost, and paperless, based on self-declaration.
However, the system verifies PAN and GSTIN from the backend (Income Tax and GSTN systems). The classification (Micro/Small/Medium) is updated automatically based on the latest tax and GST returns linked to the PAN.