Compliance Pack
MSME half-yearly return, MSME Form I
What this means, checked by a CA
If your company owes money to a micro or small supplier for more than 45 days, MCA wants a half-yearly report of those dues and why they are late. We check which suppliers are MSMEs, work out the ageing and file MSME Form I by 31 October and 30 April.
₹1,499
Half-yearly, + 18% GST
- Delivered in 2 working days after payables ageing
- Due: April to September: by 31 October. October to March: by 30 April.
How we do it: IDFD
Every case runs through the same four steps: Information, Discussion, Forms, Deliverables. You see each one ticked as it happens.
InformationWhat we need from you · 7 items
Supplier list with Udyam numbers
Only micro and small count
Supplier PAN
Reported per supplier
Invoice and acceptance dates
45 days run from acceptance
Payment dates and modes (TReDS)
Paid within or after 45 days
Outstanding amounts by age
Up to 45 and over 45 days
Reason for each delay
Mandatory field in form
Signing director DSC
To sign the form
DiscussionWhat we discuss · 5 items
Which suppliers are micro or small (not medium) and have you seen their Udyam certificates?
Only these are reportable
Is there a written agreement on payment terms with each MSME supplier?
Agreed period cannot exceed 45 days
On the last day of the half-year, is any MSME due pending for over 45 days from acceptance?
Decides whether filing is needed
Were any MSME bills paid late during the half-year even though nothing is pending now?
Form asks for them; scope unclear
Is the company also claiming these expenses for income tax?
Sec 43B(h) disallows late MSME payments
FormsForms we file · 4 items
Confirm MSME status of suppliers (Udyam) and drop medium enterprises
Where: Internal. Due: Before period end
Prepare ageing of MSE payables
Days from acceptance or deemed acceptance of goods or services to payment date or period end; flag over 45 days
Where: Internal. Due: Within October or April
Fill the four buckets: paid within 45 days (TReDS / other), paid after 45 days, outstanding up to 45 days, outstanding over 45 days, with reasons
Where: https://www.mca.gov.in. Due: 31 October (Apr to Sep), 30 April (Oct to Mar)
Affix DSC and submit
Where: https://www.mca.gov.in. Due: Same deadline
DeliverablesWhat you get · 2 items
SRN acknowledgement
When: Same day
MSME supplier ageing report
When: With filing
Questions people ask
Do we file a nil MSME Form I?
Not mandatory if there are no MSE dues over 45 days; filing is only for companies with such pending payments.
Does it apply to LLPs?
No. The order covers companies only.
What are the due dates?
31 October for April to September and 30 April for October to March.
What is the penalty for not filing?
₹20,000 plus ₹1,000 a day, up to ₹3,00,000, on the company and every officer in default.
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