NIC Code for Wholesale Trade Via E Commerce | 46901

NIC Code for Wholesale trade via e-commerce excluding activities of commission agents is 46901. It falls under Section G with Division 46, Group 469 and Class 4690. NIC Code is a statistical standard for development and maintaining a comparable data base for various economic activities. These activities are 469ed into Sections (A to U), Divisions (2-digit codes), Groups with 3-digit codes, Class with 4 digit code, and 46901 of 5-digit. You can use the NIC code for Udyam Registration, Company registration or LLP registration.

NIC Search Tool

You can find NIC Code or National Industrial Classification Code for any business or activities using the NIC Serach tool provided by BizFoc. The NIC code will assist you in getting the company or LLP registration. It is also required for getting MSME or Udyam registration. These categories include manufacturing, services or agriculture, etc

What is a NIC Code?

NIC Code or National Industrial Classification Code is a unique 5 digit code assigned to each business activity. These digits in NIC Code present the sector and sub-sector of the business activity. NIC Code is a statistical standard for development and maintaining a comparable data base for various economic activities. They categorize these companies based on their activities they are engaged in. These categories include manufacturing, services or agriculture, etc

This classification system is used by government agencies for:

• Regulatory purposes (e.g., business registration, tax filings).
• Data collection and analysis (for economic surveys and censuses).
• Granting licenses or subsidies specific to certain industries.

Importance of NIC Code

There are some points which show the importance of NIC Code and they are as follow: 

1. After obtaining NIC Code successfully one can enjoy various benefits offered by the Government of India. 
2. NIC Code plays a vital role in the process of obtaining Udyog Aadhar or to register a company/LLP.
3. NIC Code is required in order to maintain unwanted business activities which can affect the economic health of the company. 
4. It is important to mention the NIC Code on all of your invoices as it helps the government to keep track of your business.

Use of NIC Code

There are two important segments where the NIC Code is needed: 

• Udyam Registration: To register your business on Udyam Portal, it is mandatory to provide your NIC Code. The process includes registration of MSME on Udyam Portal under MSME Development Act, 2005
• Company registration or LLP registration: To declare your company valid you need to register it under MCA (Ministry of Corporate Affairs). For registration purposes it is required to provide your NIC Code while registering under MCA.

Frequently Asked Questions about NIC Code