MSME-1
Are you purchasing goods/ services from MSMEs and have any outstanding payment, file your MSME-1 and avoid penalties of non-compliances.
Are you purchasing goods/ services from MSMEs and have any outstanding payment, file your MSME-1 and avoid penalties of non-compliances.
APPLY NOW FOR MSME-1
1. Fill the Form and make nominal payment
2. Our experts will connect to you regarding documents and process.
3. Drafting and Filing of e-form.
4. Delivery of Acknowledgement receipt of form MSME-1 to you.
List MSME creditors having MSME Certificate whose payment is due for more than 45 days along with Reasons for Delay.
DSC of the professional certifying the forms.
DSC of the director authorized to sign forms.
MSME-1 is return form which is required to be filed by companies who have purchase and goods or received services from any micro and small enterprises and the payment has not been paid with 45 days from he purchase date. The MSME-1 form is a disclosure form, disclosing the micro and small enterprises creditor whose payment is outstanding.
Micro and small enterprises include Company, Partnership concern, AOP, HUF, Cooperative Society, Proprietorship Concerns which fulfills following criteria of Investment in Plant & Machinery as follows:
Form Msme-1 is applicable only to Micro and small enterprises and not medium level.
Companies are required to file Form MSME-1 when payments are due to MSME when:
Company has obtained goods or services from the Micro and Small Enterprises.
Whose payments to the Micro and Small Enterprises exceed 45 days from the date of acceptance or deemed acceptance of the goods or services.
| MSME-1 is a half-yearly return to be filed by the companies. Below are the due dates for filing Form MSME-1: |
|
|---|---|
| Due Date | Period for which MSME-1 is filed |
| Till 30th April | For October-March period |
| Till 31st October | For April-September period |
Collection of all the required documents and relevant information of the enterprises.
E-form will be filled with correct data and proper disclosure along with all the required information and correct information about the MSME creditors. Also specify reason for delay of payment to the MSME creditors.
The acknowledgement will be generated which can be used of filing of e-form.
After proper scrutiny of the e-form, approval will be given by the ROC to the disclosure made under e-form MSME-1.
In case of continuing failure, the company and every officer in default will be liable for a further penalty of Rs.1,000 for each day the failure continues.
In case of one time return- within 30 days of publication of order by MCA
In case of Half yearly returns-
Specified Companies for MSME-1 return are those which fulfill the below mentioned conditions:-
No, Msme-1 is not applicable to medium level but only to Micro and small enterprises.
No, applicant is not required to be physically present for the filing of from MSME-1. LegalDisha provides you online services and assistance for the same.
