{"id":13131,"date":"2024-10-03T09:35:48","date_gmt":"2024-10-03T09:35:48","guid":{"rendered":"https:\/\/www.indifi.com\/blog\/?p=13131"},"modified":"2024-10-03T10:19:46","modified_gmt":"2024-10-03T10:19:46","slug":"msme-form-1-purpose-filing-process-reporting-last-date","status":"publish","type":"post","link":"https:\/\/www.indifi.com\/blog\/msme-form-1-purpose-filing-process-reporting-last-date\/","title":{"rendered":"MSME Form 1 – Purpose, Filing Process, Reporting & Last Date"},"content":{"rendered":"\n
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On January 22, 2019, the Ministry of Corporate Affairs (MCA) issued a notice requiring all companies to report their outstanding dues with MSMEs (Micro, Small, and Medium Enterprises) by filing MSME form 1 through the Registrar of Companies (ROC).<\/p>\n\n\n\n

Companies need to identify whether their suppliers are registered under MSME. If they are, and if there have been outstanding dues for more than 45 days, the company must file the MSME 1 form starting from the date of acceptance of goods or services. The form must be filed every six months through the ROC, and Non-compliance will lead to penalties.<\/p>\n\n\n\n

Also Read:- 45-Day MSME Payment Rule \u2013 Section 43B(h) for MSMEs<\/a><\/p>\n\n\n\n

In this blog post, we will explore the purpose of MSME Form 1, the process of filing it, the MSME return requirements, the penalties for non-compliance, and more. Let\u2019s dive in!<\/p>\n\n\n

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