MSME Form 1 to be filed half-yearly by Specified Companies by 31st October / 30th April every year. Below companies and details are to be provided therein:
All companies who get supplies of goods or services from micro and small enterprises and whose payments to them exceed 45 days from the date of acceptance or the date of deemed acceptance of the goods or services as per the provisions of the Act, shall submit a half yearly return to MCA stating the following:
a) The amount of payments due; and
b) The reasons for delay
Notes:
- 1st Return is to be filed within 30 days of deployment of Form on MCA Portal
- Medium Enterprises are not covered under the notification
- Only manufacturers and services providers covered
