If you are running a micro, small, or medium enterprise in India and have completed and prepared your Udyam registration process, it is still necessary to keep your details up to date, especially your business's investment and turnover figures. This figure is so important because it determines your MSME's eligibility for various scheme loans and government benefits.
With the help of this article, you will know how you can update your investment and turnover in the Udyam certificate in a very simple way without facing any hassle. Let's know the method to update
Why you should update investment and turnover details
Why Should You Update Your Investment or Turnover Details?
Your business is not static. Over time, your investment in plant machinery or equipment and your annual turnover may change. Here’s why keeping this info updated on your Udyam Certificate is important:
- Correct MSME Classification: Based on updated values, your business may move from Micro to Small or Small to Medium.
- Eligibility for Schemes: Many government subsidies and schemes are based on accurate turnover/investment data.
- Avoid Penalties or Rejection: Incorrect details might lead to denial of benefits or disqualification in tenders or GeM registration.
- Transparency and Trust: Updated records add credibility to your enterprise during bank loans or investor checks.
What Details Can Be Updated?
The Udyam portal allows you to update several fields. But for investment and turnover, the key areas include:
- Plant Machinery Investment (for manufacturing businesses)
- Equipment Investment (for service sector businesses)
- Annual Turnover (from your last audited financial year)
Documents Required for Updating Turnover or Investment
To update your investment or turnover details, make sure you have the following ready:
- Aadhaar number of the business owner (linked with the registered Udyam).
- PAN number and GST details of the business (mandatory for Medium and Small enterprises).
- Latest ITR or audited financial statements (to reflect actual turnover/investment).
- Udyam Registration Number (URN).
Steps to Update Investment or Turnover Details in Udyam Certificate
Here is the step-by-step process:
Step 1: Visit the Official Udyam Portal
Go to the official Udyam registration portal
Step 2: Click on ‘Update Udyam Registration’
On the homepage, look for "Update Udyam Registration" in the menu bar and click it.
Step 3: Enter all the details which are being asked in the form
Like - Input your 16-digit Udyam Registration Number (URN).
Also, select the verification method – either OTP on Aadhaar-linked mobile or OTP via email.
Step 4: Enter the OTP and Access the Dashboard
Once you receive the OTP, enter it correctly to log in to your Udyam dashboard.
Step 5: Choose ‘Edit Details’ Option
After login, click on the ‘Edit or Update’ option.
Scroll down to the section where your Investment and Turnover details are mentioned.
Step 6: Update the Details
Update the figures as per your latest balance sheet or ITR:
- Plant Machinery/Equipment Investment
- Annual Turnover
Make sure the data is accurate and matches your submitted documents.
Step 7: Submit and Verify
Once all changes are done, click on "Submit".
You’ll be asked to verify the changes with OTP again.
Step 8: Acknowledgement and Certificate Update
After successful submission, you’ll receive an acknowledgment.
The updated Udyam certificate with revised details can be downloaded from the portal once processed.
When Should You Update the Details?
- Every Financial Year: Ideally, after filing your ITR, check if there's a need to update turnover/investment.
- After Major Expansion: If you have significantly invested in equipment or plant, update the figures.
- If Shifted to Another MSME Category: If your classification changes, update it immediately to reflect correct status.
Common Mistakes to Avoid
- Providing Estimated Figures: Always use audited or officially filed data.
- Mismatch in PAN/GST info: Ensure your PAN and GST details are correctly linked to avoid verification errors.
- Delaying Updates: Delays may result in missed scheme opportunities.
You Can Apply Through Udyam Annexure Download Through Udyam Portal
Final Thoughts
Updating your investment and turnover details in your Udyam Certificate is not just about compliance – it’s about staying current, credible, and eligible. With the government’s increasing focus on MSMEs, an updated Udyam profile helps you take full advantage of financial and legal support.
So don’t wait! Keep your data accurate and enjoy uninterrupted access to MSME benefits.
