MSME half-yearly return, MSME Form I

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
  1. Supplier list with Udyam numbers

    Only micro and small count

  2. Supplier PAN

    Reported per supplier

  3. Invoice and acceptance dates

    45 days run from acceptance

  4. Payment dates and modes (TReDS)

    Paid within or after 45 days

  5. Outstanding amounts by age

    Up to 45 and over 45 days

  6. Reason for each delay

    Mandatory field in form

  7. Signing director DSC

    To sign the form

DiscussionWhat we discuss · 5 items
  1. Which suppliers are micro or small (not medium) and have you seen their Udyam certificates?

    Only these are reportable

  2. Is there a written agreement on payment terms with each MSME supplier?

    Agreed period cannot exceed 45 days

  3. On the last day of the half-year, is any MSME due pending for over 45 days from acceptance?

    Decides whether filing is needed

  4. Were any MSME bills paid late during the half-year even though nothing is pending now?

    Form asks for them; scope unclear

  5. Is the company also claiming these expenses for income tax?

    Sec 43B(h) disallows late MSME payments

FormsForms we file · 4 items
  1. Confirm MSME status of suppliers (Udyam) and drop medium enterprises

    Where: Internal. Due: Before period end

  2. 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

  3. 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)

  4. Affix DSC and submit

    Where: https://www.mca.gov.in. Due: Same deadline

DeliverablesWhat you get · 2 items
  1. SRN acknowledgement

    When: Same day

  2. 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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Book MSME half-yearly return, MSME Form I