File Form MSME-1 in India

MCA Form MSME-1

If your company has yet to pay for the goods and services taken from MSMEs (Micro, Small, and Medium Enterprises) and it has been 45 days since you accepted the goods/services from them, then you need to file a half-yearly return through the MCA form MSME-1. It shall detail the following:

• Amount of Payment Due
• Reason for the Delay

To put it in simpler terms, every company which has received services or goods from MSMEs and payment for those services haven’t been made 45 days after receiving them has to file MCA form MSME-1.

 

Due date of filing Form MSME-I

The final date of filing the MSME-1 Form from the date of notification was 21st February 2019. However, the final dates of subsequent returns shall be:

1. Penalty to the company: Up to Rs. 25,000/-.
2. Penalty to the directors, CS, and CFOs: imprisonment up to 6 months or fine from Rs 25000/-to Rs. 300000/-. 

 

Penalties for Non-Filing of MSME-01 Form

Not filing the form MSME-1 shall lead to a penalty as per the Companies Act of 2013:

1. For the Half-yearly period from April to September: 31st October
2. For the Half-yearly period from October to March: 30th April

Now that this Form is mandatory, you don’t need to get panicky about how to file this Form. Instead, contact Registrationwala. Our team of experts shall assist you in filing form MSME-1.

 

Form MSME-1 Applicability

The applicability of Form MSME-1 is for all types of business entities registered with the MCA, including One Person Companies, Private Limited Companies, Public Limited Companies, and others. You should contact our experts if you are one of those companies that have yet to pay for the goods and services.

 

Eligibility Criteria for File Form MSME-1 in India

The companies that are eligible to file FORM MSME-1 have taken money from MSMEs and have yet to return it. Simply put, every company which has received services or goods from MSMEs and payment for those services haven’t been made 45 days after receiving them has to file MCA form MSME-1.

 

Documents Required for filing Form MSME-1

The information required to be filed in MSME-1 Form is as follows:

1. Total outstanding amount
2. Name of the supplier
3. PAN of the Supplier
4. Date from which the amount was due
5. Reason or reasons for payment delay

 

Process for filing Form MSME-1 

The procedure for filing MCA form MSME-1 is as follows:

1. Identification of MSME suppliers and asking them for their registration certificates.
2. Filing the Form with the required documents
3. Submitting the Form.

 

Our Assistance in filing the FILE FORM MSME1

We at Registrationwala provide end-to-end solutions for filing FILE FORM MSME-1. Our services include:

• Collection of information and starting the process
• Creating the first compliance draft
• Reviewing the draft and making changes if necessary
• Providing you with the confirmation receipt

Registrationwala.com is a leading legal consultancy firm providing comprehensive services relating to FILE FORM MSME-1. Contact us now to ensure you’re not penalized for not filing MSME-1 in India.   

 

FAQs

Q. What is the due date for filing the MSME 1 form with the MCA?

A. To know the due date for filing the MSME 1 form with the MCA, connect with the Incorporation experts at Registrationwala. Our seasoned professionals can brief you on any aspect of the MSME-1 form filing procedure with the MCA. You have to register with your basic details on our website, and our experts will get in touch with you.

Q. What is the penalty fee for late filing the MSME return form 1?

A. To know the late filing fee for MSME form-1, connect with the Incorporation experts at Registrationwala. Our seasoned professionals can brief you on any aspect of the MSME-1 form filing procedure with the MCA. You have to register with your basic details on our website, and our experts will get in touch with you.

Q. Explain, in brief, the MSME filing procedure followed in India.

A. The procedure for filing MCA form MSME-1 is as follows:

• Identification of MSME suppliers and asking them for their registration certificates.
• Filing the Form with the required documents
• Submitting the Form.

Q. What is the applicability of MSME return filing?

A. The companies eligible to file FORM MSME-1 have taken money from MSMEs and have yet to return it. Simply put, every company which has received services or goods from MSMEs and payment for those services hasn’t been made 45 days after receiving them has to file MCA form MSME-1.

Q. How do you file the MSME compliance for companies in India?

A. To learn more about the MSME compliance filing procedure, connect with the Incorporation experts at Registrationwala. Our seasoned professionals can brief you on any aspect of the MSME-1 form filing procedure with the MCA. You have to register with your basic details on our website, and our experts will get in touch with you.

Q. What is the last date for filing MSME form 1 in India?

A. To know the start date and last date for filing the form MSME-1, connect with the Incorporation experts at Registrationwala. Our seasoned professionals can brief you on any aspect of the MSME-1 form filing procedure with the MCA. You have to register with your basic details on our website, and our experts will get in touch with you.

Q. How to file the MSME form 1 in India?

A. To know how to file MSME form 1 in India, connect with the Incorporation experts at Registrationwala. Our seasoned professionals can brief you on any aspect of the MSME-1 form filing procedure with the MCA. You have to register with your basic details on our website, and our experts will get in touch with you.

Q. Where can I download the MSME form 1 in India?

A. From the official web portal of the Ministry of Corporate Affairs

Q. What is the late fee for filing MSME return form 1 in India?

A. To know the late fee for filing the MSME return form, connect with the Incorporation experts at Registrationwala. Our seasoned professionals can brief you on any aspect of the MSME-1 form filing procedure with the MCA. You have to register with your basic details on our website, and our experts will get in touch with you.

Q. What is the due date for processing the MSME payment?

A. To know the due date for processing the MSME payment, connect with the Incorporation experts at Registrationwala. Our seasoned professionals can brief you on any aspect of the MSME-1 form filing procedure with the MCA. You have to register with your basic details on our website, and our experts will get in touch with you.

Q. What is the required applicability for MSME registration in India?

A. The companies eligible to file FORM MSME-1 have taken money from MSMEs and have yet to return it. Simply put, every company which has received services or goods from MSMEs and payment for those services hasn’t been made 45 days after receiving them has to file MCA form MSME-1.

Q. What is the required documentation for filing the MSME return compliance?

A. The information required to be filed in MSME-1 Form is as follows:

• Total outstanding amount
• Name of the supplier
• PAN of the Supplier
• Date from which the amount was due
• Reason or reasons for payment delay

Q. Who is required to file MSME returns with the MCA?

A. The applicability of Form MSME-1 is for all business entities registered with the MCA, including One Person Companies, Private Limited Companies, Public Limited Companies, and others. You should contact our experts if you are one of those companies that have yet to pay for the goods and services.

Q. What is the last date for filing the MSME return in India?

A. To know the last date for filing the MSME returns in India, connect with the Incorporation experts at Registrationwala. Our seasoned professionals can brief you on any aspect of the MSME-1 form filing procedure with the MCA. You have to register with your basic details on our website, and our experts will get in touch with you.

Q. What is the due date for filing the MSME return form for the year 2022?

A. To know the due date for filing the MSME returns in 2022, connect with the Incorporation experts at Registrationwala. Our seasoned professionals can brief you on any aspect of the MSME-1 form filing procedure with the MCA. You have to register with your basic details on our website, and our experts will get in touch with you.

Q. What is the penalty for late filing of MSME form 1 in India?

A. To know the penalty fee for late filing of the MSME form-1, connect with the Incorporation experts at Registrationwala. Our seasoned professionals can brief you on any aspect of the MSME-1 form filing procedure with the MCA. You have to register with your basic details on our website, and our experts will get in touch with you.