Introduction
When you apply for MSME registration, one important detail you must select is the NIC code. Many business owners do not understand what it means and why it is required.
Choosing the correct NIC code is important because it defines your business activity. It also helps the government classify your business properly.
In this guide, you will understand everything in simple words.
What is the NIC Code?
NIC code means National Industrial Classification Code. It is a number given to different types of business activities.
This code helps the government identify:
- What your business does
- Which industry do you belong to
- What benefits can you receive
Every business activity has a specific code.
Why NIC Code is Important for MSME Registration
This code is a required part of MSME registration.
It helps in:
• Proper business classification
• Approval of MSME certificate
• Getting government scheme benefits
• Legal identification of your business
• Avoiding registration rejection
Wrong selection can cause problems later.
Examples of NIC Codes
Here are some common examples:
- Manufacturing of food products – 1070
- Retail trade – 4711
- IT services – 6201
- Consultancy services – 7020
- Construction – 4100
Each business must select the correct activity code.
How to Choose the Correct NIC Code
Follow these simple steps:
Step 1: Identify Your Business Activity
Understand your main business work.
Step 2: Match with NIC List
Find the closest matching activity.
Step 3: Select in MSME Registration
Choose the correct code while applying.
You can select multiple codes if needed.
Who Needs NIC Code?
This is required for:
- MSME registration
- Company registration
- GST registration
- Government approvals
Every registered business needs it.
What Happens if You Select Wrong Code?
Wrong code selection can cause:
- Application rejection
- Wrong classification
- Loss of benefits
- Legal issues
So, correct selection is important.
How Vivek Tiwari & Co Can Help You
Many business owners are confused when selecting the correct code.
Vivek Tiwari & Co helps with:
- MSME registration
- Correct NIC code selection
- Documentation support
- Complete consultancy
- Fast and easy approval
Their experts make the process simple.
Conclusion
The NIC code is a very important part of MSME registration. It helps identify your business activity and ensures proper classification.
Correct selection helps you get benefits and avoid problems.
If you need help, Vivek Tiwari & Co can guide you professionally.
FAQ
- What is the NIC code in MSME?
It is a code that identifies your business activity.
- Is the NIC code mandatory for MSMEs?
Yes, it is required for registration.
- Can I select multiple NIC codes?
Yes, you can select more than one if needed.
- Can I change the NIC code later?
Yes, it can be updated.
