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CS Executive · Setting Up of Business, Industrial and Labour Laws · Various Initial Registrations and Licenses

Anita runs a small trading firm that is not required to obtain GSTIN because of low turnover. She wishes to obtain Udyam Registration. Which statement is correct?

Anita can register with Aadhaar and PAN details; GSTIN is needed only if the enterprise is legally required to have one. Trading enterprises can also register, and no audited accounts are required at the time of Udyam Registration.

  1. AShe must first obtain a GSTIN voluntarily, as it is mandatory for Udyam
  2. BShe can register using her PAN and Aadhaar-based details, as GSTIN is not required for all enterprisesCorrect
  3. CUdyam Registration is not allowed for trading activities of any kind
  4. DShe must submit audited accounts for the last three years

Explanation

Udyam Registration needs Aadhaar of the proprietor or authorised person and PAN; GSTIN is required only where the enterprise is obliged to have it. Trading activities are also eligible for registration, subject to the portal's treatment of retail and wholesale trade. Audited accounts are not demanded at registration.

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