Reasons for cancelling MSME registration
There are various reasons a business may choose to cancel MSME registration. Some of the most common reasons include:- Business closure: If the business is no longer operational, cancellation of the MSME certificate ensures compliance.
- Change in business size: If the business outgrows MSME criteria (in terms of turnover or investment), updating or cancelling the registration might be necessary.
- Voluntary de-registration: Businesses may choose to cancel the registration if they no longer wish to enjoy MSME benefits.
- Ineligibility: If a business no longer qualifies for MSME status, it may choose to cancel the registration.
Eligibility criteria for MSME cancellation
Before initiating the cancellation process, ensure that your business meets the following criteria for MSME registration cancellation:- Valid reason: You must have a valid reason for cancellation, such as business closure or no longer meeting MSME criteria.
- No outstanding dues: Ensure that all dues, taxes, and government fees related to MSME registration have been cleared.
- Correct documentation: All required documents must be accurate and updated.
- Active Udyam registration: The MSME registration must be valid in the system and active.
Apply for cancellation of MSME registration
To apply for MSME certificate cancellation, follow these simple steps:- Log into the Udyam portal: Use your Udyam Registration Number (URN) and registered details to log into the portal.
- Select cancellation option: Once logged in, navigate to the “Cancellation” section.
- Provide necessary details: Fill in the reason for cancellation and any other requested details.
- Submit the cancellation request: Review the information and submit your request for cancellation.
Documents required for MSME cancellation
Before proceeding with MSME certificate cancellation, ensure you have the following documents ready:- Aadhaar number: For identity verification.
- PAN number: As proof of your business tax details.
- GSTIN: If applicable, for GST details.
- Business closure documents (if applicable): If you are closing your business, official documents to prove this.
- No due certificate: If your business has outstanding dues, clear them before proceeding with the cancellation request.
Step-by-step process to cancel MSME registration online
Follow these simple steps to cancel MSME registration online:- Visit the Udyam portal: Go to the Udyam registration portal where you initially registered your MSME.
- Login to your account: Use your Udyam Registration Number (URN) and registered mobile number or email to log in.
- Navigate to the cancellation section: Once logged in, go to the “Cancel MSME Registration” option.
- Fill out cancellation details: Provide the reason for cancellation, along with any necessary details, such as business closure or non-compliance with MSME criteria.
- Submit the request: After reviewing, submit your cancellation request.
- Download the cancellation confirmation: Once your cancellation is approved, download the confirmation and updated details.
How to check MSME cancellation status
To check the status of your MSME cancellation, follow these steps:- Log into the Udyam portal: Use your URN and registered contact details.
- Go to cancellation status: Navigate to the “Check Status” section for cancellation requests.
- View your status: The portal will display the current status of your MSME certificate cancellation.
Common errors and troubleshooting in MSME cancellation
Sometimes, you may encounter issues while cancelling your MSME registration. Here are some common errors and how to troubleshoot them:- Invalid URN or login details: Double-check your registration number or contact details to ensure they match the portal records.
- Incomplete documents: Ensure that all required documents, such as GSTIN or PAN details, are correctly uploaded.
- Outstanding dues: If there are any dues, clear them before proceeding with cancellation.
- System errors: If the portal faces technical issues, wait for a while and try again.
MSME cancellation fees and processing time
Aspect | Details |
Cancellation fees | No fees for cancelling your MSME registration. |
Processing time | Typically, the cancellation is processed within 1-2 working days. |
Validity of cancellation | No validity once cancelled; it is a final process. |
Ensure that your application is correct to avoid delays in processing.