Filling MSME-1 Form -MCA Updates

INFORMATION REQUIRED TO BE FILLED IN MSME FORM

Information required to be submitted with ROC in Form MSME-1 includes:

  • Name of the Supplier.
  • PAN of the Supplier.
  • Total Outstanding Amount Due.
  • Date from which the amount is due.
  • Reasons for the delay in payment.
  • Financial year to which the dues are related to.

 

PURPOSE TO FILE MSME-1 FORM

All companies, who get supplies of goods or services from micro and small enterprises and whose payments to micro and small enterprise suppliers exceed forty-five days from the date of acceptance or

the date of deemed acceptance of the goods or services as per the provisions of section 9 of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006) (hereafter referred to as “Specified Companies”),

shall submit a return to the Ministry of Corporate Affairs in the interval mentioned below

a. Initial return or

b. Regular half yearly return

1. April to September

2. October to March.

 

No requirement for NIL Reporting

There is no requirement for NIL Reporting.

The following companies are not required to file any return:

  • The Company which is not a ‘Specified Company’.
  • The Company which does have any MSME Supplier.
  • If the outstanding dues does not exceed 45 days at any time during the half year

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