Overview
If your company has payments due to micro or small enterprise suppliers that remain outstanding beyond 45 days from acceptance of goods or services, this must be reported to the ROC via Form MSME-1 for each half-year period.
We identify qualifying outstanding payments from your vendor records, prepare the return, and file it for both half-yearly cycles so your company's payment practices stay transparent and compliant.
What's included
- Vendor payment review for MSME status
- Identification of qualifying outstanding dues
- MSME-1 preparation & filing
- Half-yearly tracking
How we approach it
Frequently asked questions
Who needs to file MSME-1?
Any company with outstanding payments to micro or small enterprise suppliers beyond 45 days, for the relevant half-year.
How often is it filed?
Twice a year, covering April–September and October–March.
What if we have no outstanding MSME dues?
No filing is required for a half-year with no qualifying outstanding payments.
How do we know if a vendor qualifies as a micro or small enterprise?
By checking their Udyam registration certificate, which classifies them as micro, small, medium, or neither.
Does MSME-1 apply to medium enterprises as suppliers too?
No, the reporting requirement specifically covers dues to micro and small enterprises, not medium ones.
What happens if we consistently report outstanding MSME dues?
Beyond the filing itself, chronic delays can expose the company to interest liability under the MSMED Act and reputational risk with regulators.
Talk to us about MSME-1 Filing.
Rashmi K.S. & Associates · Practising Company Secretaries · Balewadi, Pune