Form MSME-1 Half-Yearly Return
Mandatory half-yearly reporting of all outstanding overdue payments to micro and small enterprise suppliers exceeding 45 days from date of acceptance, enforcing Section 15 of MSMED Act.
Section 405(4), Companies Act, 2013 read with Specified Companies (Furnishing of information about payment to MSME suppliers) Order, 2019
Republic of India (Central Portal)
3 to 5 Business Days
Why This Statutory Filing Is Required
Mandatory half-yearly reporting of all outstanding overdue payments to micro and small enterprise suppliers exceeding 45 days from date of acceptance, enforcing Section 15 of MSMED Act.
Who This Service Is For & Statutory Eligibility
All companies having outstanding payments to registered micro or small enterprise suppliers for more than 45 days. Companies with zero overdue payments are NOT required to file.
Prerequisites & Mandatory Documents Checklist
- List of registered micro and small enterprise suppliers (with validated Udyam numbers)
- Invoice-wise outstanding aging ledger showing invoice dates and amounts due
- Calculated date of acceptance / deemed acceptance
- Documented reasons for delayed payment to suppliers
- Class 3 DSC of Director
Step-by-Step Portal Execution Procedure
- Step 1: Audit trade payables ledger as of half-year end (March 31 and September 30)
- Step 2: Filter suppliers holding valid micro/small enterprise Udyam registrations
- Step 3: Identify invoices where payment has exceeded 45 days from acceptance date
- Step 4: Access Form MSME-1 on MCA V3; input supplier Udyam numbers, names, PANs, and amounts
- Step 5: Enter specific reasons for delay; affix Director Class 3 DSC; submit on or before due date
Transparent Pricing & Statutory Cost Architecture
Form MSME-1 Half-Yearly Return | CraftEgon CCS
Calibrated at 9% below prevailing market fee (₹2,400). Complete professional drafting, compilation, verification, and portal upload.
- Independent Chartered Accountant / Company Secretary Verification
- Electronic Form Pre-Scrutiny & Error Reconciliation
- Digitally Signed Portal Upload with SRN Acknowledgement Delivery
Government Fees & Disbursements
Government Statutory Fee: ₹0 (NIL) — Official filing of Form MSME-1 on the MCA portal is completely free of government fees.
Statutory Penalties for Non-Compliance
Company fine up to ₹20,000; every officer in default punishable with fine from ₹20,000 to ₹3,00,000. Critical tax penalty: Under Section 43B(h) of Income-tax Act, all overdue amounts not paid within 45 days are added back to taxable income, triggering corporate tax liability!