Quick Summary
NIC Code is used to classify businesses by their economic activity for Udyam registration and other government purposes.
The National Industrial Classification (NIC) is a statistical standard for developing and maintaining comparable data related to economic activities. It is used in Udyam registration and various government filings.
Structure of NIC Code
- 2-digit: Section (broad category)
- 3-digit: Division
- 4-digit: Group
- 5-digit: Class (most specific)
Examples
- 62011: Writing, modifying, testing of computer software
- 46900: Non-specialized wholesale trade
- 41105: Construction of residential buildings
- 47910: Retail sale via mail order or internet
- 68100: Buying and selling of real estate
Usage
- Udyam Registration
- GST registration
- Statistical surveys
- Industry analysis
- Policy formulation
Key Points
- 5-digit classification code
- Used in Udyam registration
- Based on economic activity
- Multiple NIC codes allowed
- Must match primary business activity