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IndianTaxPert — Simplifying Business Registration & Compliance in India | Company Incorporation • LLP Formation •
Are you concerned about delayed payments to MSME vendors and ROC compliance? Indian Tax Expert provides end-to-end MSME Form 1 filing services, ensuring your company meets all statutory reporting obligations without delays or penalties.
MSME Form 1 is a mandatory half-yearly return for companies that have delayed payments to Micro and Small Enterprises beyond the prescribed time limit. Our professionals handle identification, data compilation, and filing on the MCA V3 portal with complete accuracy.
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Applicability of MSME Form 1
MSME Form 1 must be filed by every Specified Company that has delayed payments to Micro or Small Enterprises beyond 45 days from the date of acceptance of goods or services.
Who is a “Specified Company”?
Any company incorporated under the Companies Act, 2013 is required to file MSME Form 1 if payments to registered Micro or Small Enterprises exceed the prescribed 45-day limit—irrespective of company size or industry.
One Person Company (OPC)
Private Limited Company
Public Limited Company
Listed / Unlisted Company
| Particular | Details |
|---|---|
| Covered MSMEs | Micro & Small Enterprises only |
| Filing Frequency | Half-Yearly |
| Reporting Periods | April–September & October–March |
| Nature of Filing | Mandatory (if delay exceeds 45 days) |
| MCA Portal | V3 |
| Minimum Amount | No minimum threshold |
Even ₹1 overdue beyond 45 days to a registered MSME supplier
triggers mandatory reporting under MSME Form 1.
NIL MSME Form 1 – Important Update (2024 Amendment)
Filing requirements for MSME Form 1 have been significantly updated in 2024. Companies must now focus on delayed payments, not merely outstanding balances.
What Has Changed?
Earlier, companies were not required to file MSME Form 1 if no amount was outstanding at the end of the half-year. This position has now changed.
- MSME Form 1 must be filed even if all dues are cleared
- If any payment to a Micro or Small Enterprise was delayed beyond 45 days
- Effective from 15 July 2024 under the Specified Companies Amendment Order, 2024
Key takeaway: Reporting is now based on instances of delay, not just pending balances.
| Reporting Period | Due Date |
|---|---|
| April – September | 31st October |
| October – March | 30th April |
Step-by-Step MSME Form 1 Filing Process
Step 1
Identify MSME Vendors
Verify suppliers registered as Micro or Small Enterprises under the MSMED Act, 2006 and collect their Udyam Registration Numbers.
Step 2
Review Payables Ledger
Examine accounts payable records to identify MSME vendors and segregate their invoices for review.
Step 3
Identify Delayed Payments
Check invoice dates and payment timelines to identify payments delayed beyond the statutory 45-day limit.
Step 4
Filing on MCA V3 Portal
Indian Tax Expert prepares and files MSME Form 1 by entering company details, reporting supplier-wise delays, and digitally signing using DSC.
Step 5
Compliance Monitoring
We track regulatory updates and assist you in remaining compliant for all future MSME reporting periods.
