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IndianTaxPert — Simplifying Business Registration & Compliance in India | Company Incorporation • LLP Formation •
Since 1st April 2021, all registered MSMEs are required to update their Income Tax Return (ITR) and GST Return (GSTR) details for the previous financial year on the Udyam portal at the end of every financial year. This ensures accurate classification and continued eligibility for government schemes.
Key Highlights of MSME Renewal
- Fully Online Process: Complete renewal digitally
- Annual Requirement: Mandatory update every year
- No Government Fees: Only professional charges apply
- Minimal Documentation: Simplified procedure
- Self-Declared Information: Easy verification and submission
Who Should Apply
All registered MSMEs in India must update their details annually. As per the MSME Ministry Notification dated 26th June 2020, businesses need to update ITR, GSTR, and related information to reflect the latest turnover, investment, and export data.
MSME Renewal: Information Update Guide
Information You Can Update
- Type of Organisation
- GSTR filing status for the previous financial year
- Registered mobile number and email address
- Social category of ownership
- Enterprise name (pre-filled but editable)
- Plant/unit details (name & address)
- Incorporation date and business commencement details
- Bank details
- Industrial activity details
- Employee information
Details That Cannot Be Changed
- PAN of the organisation (with limited exceptions)
- Registered office beyond district/state limits
- Aadhaar of the entrepreneur/applicant
- Name of the applicant/entrepreneur
⚠️ Non-compliance by 31st March may result in cancellation of MSME Certificate.
Required Documents & Eligibility for MSME
Eligibility Requirements
- MSME Registration Certificate
- PAN of the entity
- GSTIN as per CGST Act
- ITR filed for the previous year
Documents Needed
- Udyam Registration Number
- Registered mobile number linked with Aadhaar
Benefits of MSME Renewal
Accurate Classification
Reflects the correct MSME category based on financials.
Eligibility for Government Schemes
Ensures access to schemes and subsidies for your business.
Enhanced Credibility
Builds trust with clients, lenders, and business partners.
Seamless Compliance
Avoids penalties by keeping ITR & GSTR information up-to-date.
Competitive Advantage
Showcases growth and operational performance to stakeholders.
Timely Payments
Facilitates faster payment from buyers and business associates.
How IndianTaxExpert Supports You
Eligibility Check
We verify your eligibility for renewal before submission.
Documentation Guidance
Expert assistance in preparing and organizing all required documents.
End-to-End Online Submission
Complete online filing of your MSME renewal application.
Status Tracking
Track your renewal application progress until certificate delivery.
Prompt Certificate Delivery
Receive your updated MSME certificate in a timely manner.
Additional Features
24x7 support, free consultation, Pan-India service, and affordable professional charges.
MSME Renewal Process – Step by Step
Step 1: Visit Udyam Portal
Access the official Udyam portal and navigate to Update Details → Update / Cancel Registration.
Step 2: Validate Using OTP
Enter your Udyam Registration Number and registered mobile/email for OTP verification.
Step 3: Edit & Update
Update all eligible details. Updating ITR status is mandatory annually.
Step 4: Submit Information
Submit the updated information. Turnover and investment details are automatically refreshed based on ITR and GSTR data.
Step 5: Download Certificate
Click Print Certificate or Print / Verify on the portal to download your updated MSME Certificate anytime.
