Consider the following statements regarding Udyam portal:1. Registration under Udyam portal is based on self-declaration.2. It is integrated with Goods and Services Tax Network (GSTN) as well as the government e-marketplace (GeM). Which of the above statements is/are incorrect?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: D

Notes:

Both statements are correct

Udyam registration portal was launched in 2020. It is an online self-declaration process for MSMEs.

It simplifies the process of registering for any enterprise under the MSME category for them to avail benefits under various government schemes.
Also, it is already integrated with the Central Board of Direct Taxes (CBDT), Goods and Services Tax Network(GSTN) as well as the government e-marketplace(GeM).
As of July 2021, over 3.8 million MSMEs have registered on the Udyam portal.

Source: Article