TaxSavvy

Compliance Pack

MSME half-yearly return, MSME Form I

  • 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.
  • Deadline: April to September: by 31 October. October to March: by 30 April.
  • Done in 2 working days after payables ageing
  • Prepared by your Savvy, checked by a CA
  1. Supplier list with Udyam numbers
  2. Which suppliers are micro or small
  3. Confirm MSME status of suppliers
  4. SRN acknowledgement
The law and the stepsPay and start · ₹1,499Half-yearly, + 18% GST

Answer in brief

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.

Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.

From the official sources

What the law says, and what trips people up

From the official portal's manuals and FAQs, with the source for each point.

The law

  • Companies Act 2013, Sec 405(1)

    Central Government may order companies to furnish information or statistics within a set timeSource

  • Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order 2019, as amended by Amendment Order 2024 (15 July 2024)

    Only specified companies with payments to micro or small enterprises pending over 45 days from acceptance or deemed acceptance under Sec 9 of the MSMED Act file MSME Form I; new form substitutedSource

  • MSMED Act 2006, Sec 15

    Buyer must pay a micro or small supplier within the agreed period, not beyond 45 daysSource

  • Companies Act 2013, Sec 405(4), as substituted by Companies (Amendment) Act 2020

    Penalty ₹20,000 on the company and every officer in default, plus ₹1,000 a day for continuing failure, up to ₹3,00,000Source

  • Government fee

    No government filing fee found for MSME Form I (practitioner guide states ₹0). Source: https://www.incorpx.io/guide/how-to-file-msme-form-1-delayed-payments

  • Late fee or penalty

    No additional fee schedule found; non-filing is penalised under Sec 405(4): ₹20,000 plus ₹1,000 a day, up to ₹3,00,000. Source: https://ca2013.com/?p=2370

On the portal

  1. Login to MCA V3 with the business user ID
  2. MCA Services > E-Filing > Company Forms > search MSME Form I
  3. Enter CIN and check prefilled company details
  4. Select the half-year period and financial year
  5. Enter supplier-wise details or upload the template
  6. Run checks, fix errors, affix DSC, submit and save the SRN

What trips people up

  • Pre-scrutiny fails on supplier PAN or Udyam number format, or blank reason fields

    Use UDYAM-XX-00-0000000 format, match PAN, fill every reason, no commas or currency symbolsSource

  • 45 days counted from invoice date

    Count from acceptance or deemed acceptance under Sec 9 of the MSMED ActSource

  • Unclear whether bills paid late but settled by period end must be reported

    The form asks for them though the amended order covers pending dues; report and keep a noteSource

  • Dues to medium enterprises included

    Only micro and small suppliers are coveredSource

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.Source

Does it apply to LLPs?

No. The order covers companies only.Source

What are the due dates?

31 October for April to September and 30 April for October to March.Source

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.Source

IDFD

How we solve it: 4 steps

Every line tracked live.

Step 1 of 4 · What we need from you

Tap each one you already have

Ready0 / 7
  • Supplier list with Udyam numbers
  • Supplier PAN
  • Invoice and acceptance dates
  • Payment dates and modes (TReDS)
  • Outstanding amounts by age
  • Reason for each delay
  • Signing director DSC

Connect now

A Savvy replies in minutes.

Fixed price before you pay. Your Savvy is paid only after you accept the work.

Connect nowPay and start: ₹1,499

Answers on this topic

Ask any money problem

Pay and start

₹1,499

₹1,499 + ₹269.82 GST = ₹1,768.82

Half-yearly. Delivered in 2 working days after payables ageing. Due: April to September: by 31 October. October to March: by 30 April.

  • Every paid answer checked by a CA
  • Fixed price before you pay
  • Track every step live
  • Updates on WhatsApp and in your dashboard