fbpx

Startup Counter

REPORTING ABOUT MSME VENDORS IN MSME FORM-1

MSME Form 1, is a form for furnishing return with the ROC in respect of payments outstanding to micro or small enterprises. To protect the interest of small companies and business, Ministry of Corporate Affairs introduces this form. MCA emphasis on these compliances by all specified companies whether private or public.

startup image
introduction

INTRODUCTION

MSME Form 1, is a form for furnishing return with the ROC in respect of payments outstanding to micro or small enterprises. To protect the interest of small companies and business, Ministry of Corporate Affairs introduces this form. MCA emphasis on these compliances by all specified companies whether private or public.

applicable

APPLICABILITY

It is notified by the central government wide notification number S.O 5622(E), dated 2nd November 2018, that all companies who receive goods or services from small and micro enterprises and whose payment to the suppliers of that enterprises exceeds 45 days from the date of acceptance or deemed acceptance(as per the provisions of section 9 of MSMED Act 2006) of goods and/or services shall file a return to Ministry of Corporate Affairs in MSME FORM 1, stating the amount of payment due and the reason of delay.

Required_Documents

DUE DATES & TYPES OF RETURN

penalty

PENALTY

exemption

EXEMPTIONS

Request Quotation/Call Back From Startup Specialist