MSME / Udyam Renewaln

With effect from 1st April 2021, the registered MSME is required to update the details from the Income Tax Return and the GST Return for the previous financial year on the MSME portal at the end of every financial year

MSME Renewal in India - Overview

MSME Registration Renewal is the process of updating last year’s Income Tax and GST Returns status on the MSME Certificate. The update reclassifies MSMEs according to their recent data on net investment, net turnover, and exports. This data is auto-populated from the integrated Income Tax and GST databases on the Udyam portal. However, their filing status must be self-declared by the applicant. The requirement for MSME Certificate Renewal was introduced in a Notification by the MSME Ministry dated 26th June, 2020. As per the notification, registered MSMEs are required to annually update their ITR, GSTR, and other details in the MSME Certificate. The update will be based on a self-declaration basis. Failure to do so within the prescribed period (by the 31st of March) may result in the loss of MSME status.

  • Online Process
  • Annual Requirement
  • Minimal Documentation
  • Self-Declared Information

MSME Renewal Eligibility

MSME Renewal Process must be opted by all registered MSMEs in India. A notification dated 26th June, 2020 makes it mandatory for them to update their previous year ITR and GSTR details annually. The details are used to reclassify MSMEs in the current financial year as per their updated investment, turnover, and export details. These details are auto-populated from the integrated Income Tax and GST databases on the portal.

  • Type of Organisation
  • GSTR Filing Status for Previous Financial Year
  • Registered Mobile Number
  • Registered Email Address

How to Renew MSME Registration Certificate? - Stepwise Process

  • 2024

  • Step-1: Visit the Online MSME

    The MSME Registration renewal process can be completed online on the MSME or Udyam Portal. Visit the portal and from the main menu, select the “Update Details” option. A drop down appears where you need to go for the Cancel Registration” option.

  • Step-2: Sumit Udyam Registration Number & Validate Using OTP

    You will be redirected to a new window. Here, you need to enter your Udyam Registration Number and the registered mobile number for OTP Verification. You can also choose the OTP to be sent on your registered email address. After furnishing the OTP successfully, your current MSME Certificate will appear on screen.

  • Step-3: Edit & Update Details

    Click on the Edit button to start updating the renewed information. You will notice that some of the fields have been disabled, while others are active for editing. You can update any of the active details. Updating the status of ITR filed for the previous year is, however, mandatory at the end of each financial year.

  • 2024

  • Step-4: Submit the Updated Information

    After you’ve filled out the ITR and other details required for update, you can submit the form. Based on your PAN and ITR details, the revised turnover and investment limits will be updated in the Certificate. All the other details you’ve requested an update for, will also be changed in the MSME Certificate accordingly.