CA DK Agarwal

Form MSME-1



If Your Company Has Yet To Pay For The Goods And Services Taken From MSMEs (Micro Small And Medium Enterprise) 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:

  1. The Amount Of Payment Due.
  2. The 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.

Form MSME-1 Process

  1. Due Date Of Filling MSME-I

    The Final Date Of Filing MSME-1 Form From The Date Of Notification Was 21st February 2019. However, The Final Dates Of Subsequent Returns Shall Be:

    1. For Half Yearly Period From April To September: 31st October.
    2. For Half-Yearly Period From October To March: 30th April.

    Penalties For Non Filing Of MSME-01 Form

    Not Filing The Form MSME-1 Shall Lead To Penalty As Per Companies Act 2013:

    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 25,000/-To Rs. 3, 00, 000/-. 

    Now That This Form Is Mandatory, You Don’t Need To Get Panicky On How To File This Form. Contact Registrationwala And Our Team Of Experts Shall Assist You In Filing Form MSME-1.

    Note – The Applicability Of Form MSME-1 Is For All Types Of Business Entities Registered With The MCA Including Oner Person Company, Private Limited Company, Public Limited Company, And Others. If You Are One Of Those Companies That Have Yet To Pay For The Goods And Services, You Should Contact Our Experts.