🧾1. Introduction:
Form MSME-1 is a mandatory half-yearly return filed by companies that have outstanding dues to Micro and Small Enterprises (MSEs) beyond 45 days. Under the MSME Development Act, 2006 and subsequent updates from the Ministry of Corporate Affairs (MCA), this form ensures timely payments to small vendors and suppliers.
📢 Update 2025: The MCA has reinforced MSME-1 compliance checks during audits to encourage better vendor relationships and compliance hygiene.
🗂️ Types of Filing under MSME-1
There are two types of returns based on the period:
- April to September – Due by 30th October
- October to March – Due by 30th April
Both are half-yearly filings under the same form but apply to different periods. No separate “license” is issued, but timely compliance is critical to avoid penalties.
👥 Who Needs to File Form MSME-1?
The following entities must file this form:
- Private Limited Companies
- Public Limited Companies
- One Person Companies (OPCs)
- Any company that receives goods/services from MSEs and has unpaid dues > 45 days
✅ Only if the supplier is registered under Udyam/MSME portal, the filing obligation arises.
🤝 Why Choose a Compliance Service Provider?
Professional help ensures:
- Timely reminders and filings
- Correct vendor classification under MSME
- Avoiding hefty penalties under Companies Act, 2013
- End-to-end documentation management
💡 Tip: Partnering with experienced consultants reduces compliance risk and audit stress.
📝 Step-by-Step Registration & Filing Process
Step 1: Identify MSME Vendors
Get Udyam/MSME certificates from your vendors.
Step 2: Check Outstanding Payments
Verify if payments are pending for >45 days.
Step 3: Prepare MSME-1 Form
Details include: name of supplier, amount due, invoice date, reasons for delay.
Step 4: Board Resolution (Optional but Recommended)
Pass a resolution authorizing MSME-1 filing.
Step 5: File on MCA Portal
Use the official government website:
🔗 https://www.mca.gov.in 🏛️
Step 6: Download SRN Acknowledgement
Keep proof for records.
📄 Required Documents
- PAN & CIN of company
- MSME Udyam certificates from vendors
- Invoice details
- Details of outstanding dues
- Board resolution (if applicable)
🗃️ Note: No government fees, but professional fees may apply.
💰 Cost Involved
| Service | Estimated Cost (INR) |
| Self Filing | Free |
| Through Consultant (Standard) | ₹999 – ₹2,500 |
| Filing with Vendor Mapping | ₹3,000+ |
📉 Avoid late filing — penalties can go up to ₹25,000 for the company and ₹5,000 for directors.
⏱️ Time Taken
The entire process can be completed in 1–2 working days if all details are in place.
⚠️ Common Mistakes to Avoid
- Missing vendor Udyam certificate validation
- Filing even when no outstanding MSME dues exist
- Providing incorrect invoice dates
- Not maintaining records of filing
🚫 Mistakes may attract MCA scrutiny and penalties.
📞 Call-to-Action (CTA)
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❓ FAQs
Q1. Is Form MSME-1 applicable to all companies?
No. It is only for companies that have outstanding dues >45 days to MSME-registered vendors.
Q2. What if my vendor is not registered under MSME?
Then you’re not required to report their outstanding dues in Form MSME-1.
Q3. Is there any penalty for non-filing?
Yes, penalties can go up to ₹25,000 for the company and ₹5,000 per director.
Q4. Is MSME-1 an annual or half-yearly form?
It is a half-yearly compliance—filed twice a year.
Q5. Can MSME-1 be revised once filed?
No, currently there’s no provision for revision after submission.
