Reference
Business Glossary
Plain-English explanations of every abbreviation Indian SME owners encounter — from GSTIN to GeM to CGTMSE.
RBI-mandated interoperable bill payment platform. Enables payment of 200+ billers across electricity, gas, telecom, and more through authorized agents.
Government scheme providing collateral-free loan guarantees to MSMEs. Banks can lend up to ₹2 crore without physical security under this scheme.
A digital equivalent of a physical signature used to sign online documents for MCA, Income Tax, GST, and tender portals. Valid for 2–3 years.
Unique 8-digit number issued by MCA to every company director. Required for company incorporation and filing ROC forms.
Refundable security deposit submitted with a government tender bid to prove serious intent. Typically 2–5% of the tender value.
A unique 15-digit number assigned to every GST-registered business. Format: 2-digit state code + 10-digit PAN + 1-digit entity code + Z + check digit.
India's unified portal for government procurement. MSMEs get preferential treatment in tenders, and sellers need Udyam registration for listed benefits.
Annual tax filing with the Income Tax Department declaring income, deductions, and tax paid. Due July 31 for non-audit cases.
Classified by investment and turnover. Micro: investment < ₹1Cr, turnover < ₹5Cr. Small: investment < ₹10Cr, turnover < ₹50Cr. Medium: investment < ₹50Cr, turnover < ₹250Cr.
Tax deducted by the payer at the time of making payments like salary, rent, or professional fees. Deposited with the government on the payee's behalf.