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MSME / Udyam Registration Renewals & Compliance Services

No Renewal Required - But Stay Compliant!

Under the new Udyam Registration system, introduced by the Ministry of MSME on July 1, 2020, traditional renewal is no longer required. Once registered, your Udyam Certificate remains valid for a lifetime, as long as the core details of your business remain unchanged.

When Do You Need to Update or Re-register?

Although renewal is not necessary, you must update your Udyam registration in the following scenarios:

  • Change in Business Size (e.g., Micro to Small, or Small to Medium)
  • Ownership Change
  • Change in PAN, Aadhaar, or GSTIN
  • Change in Business Activity or Address
  • Exceeding Turnover or Investment Limits

Note: Keeping your Udyam details up-to-date is crucial to avoid discrepancies and ensure continued eligibility for MSME schemes and subsidies.

Annual MSME Compliances

While Udyam does not require renewal, MSMEs must fulfil certain compliance requirements every financial year. These vary based on business type and structure.

1

Udyam Portal Updates

When: As soon as changes occur

Ensure your Udyam registration reflects current business details such as:

  • Updated turnover or investment
  • Business reclassification (e.g., Micro → Small)
  • New Aadhaar/PAN/GSTIN details
  • Changes in ownership or operations
2

Income Tax Return (ITR) & Financial Statement Filing

When:By July 31 for Individuals & Proprietorships, By October 31 for Companies & LLPs

All MSMEs must file annual returns with accurate income and financial disclosures, irrespective of business size.

3

GST Compliance

When:Monthly/Quarterly and Annually

If your MSME is registered under GST:

  • File GSTR-1 and GSTR-3B monthly or quarterly
  • File GSTR-9 annually (if turnover exceeds ₹2 crore)
4

ROC Filings (Applicable for LLPs & Companies)

When:Annually

Private Limited Companies and LLPs must file with the Ministry of Corporate Affairs:

  • AOC-4 - Filing of Financial Statements
  • MGT-7 - Annual Return Filing
  • DIR-3 KYC - Director KYC Compliance
5

MSME Form 1 - Delayed Payments Reporting

When:Twice a year - April 30 & October 31

Buyers who delay payments to MSMEs beyond 45 days must report it:

  • File MSME Form 1 with the Ministry of Corporate Affairs
  • Non-filing may lead to legal consequences under the MSMED Act
6

Local & Sectoral Compliances

Based on your location and industry, you may also need:

  • Shops & Establishments Registration (State-wise)
  • PF & ESI Registration & Returns (If employee threshold met)
  • Trade/Factory Licenses as per municipal or state laws

Non-Compliance Risks

Failing to comply with these statutory obligations can lead to:

  • Heavy penalties & late fees (especially under GST & ROC)
  • Loss of MSME benefits and loan subsidies
  • Legal actions or notices under the MSMED Act

MSME Compliance Summary

Activity Frequency Applicable To
Udyam Portal Data Update As needed All MSMEs
Income Tax Return Filing Yearly All entities (Proprietors, LLPs, Companies)
GST Returns Monthly/Quarterly GST-registered businesses
ROC Filings (AOC-4, MGT-7, DIR-3 KYC) Yearly LLPs and Private Limited Companies
MSME Form 1 - Delayed Payment Reporting Half-yearly Buyers of MSME services/products
Local Compliance (Labour, Trade, PF/ESI) As per State Laws Location/Industry-specific

Need Help Staying Compliant?

At VETRI AUDIT SERVICES PRIVATE LIMITED, we offer end-to-end MSME compliance support — from Udyam registration assistance to annual filings, updates, and advisory.

  • One-time Udyam updates
  • GST and ROC compliance management
  • Delayed payment filing under MSME Form 1
  • Local labour law registrations and renewals

Contact us today for a consultation and let our experts help your MSME stay fully compliant and benefit-ready.

Contact us today for a consultation!

9176455554

OR vetriauditor@gmail.com
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