MSME Form I and its Purpose, Sections and Rules, Dates, Attachments

What is MSME Form I?

MSME Form I is the Form for furnishing half yearly return with the registrar in respect of outstanding payments to Micro or Small Enterprises.

Purpose of MSME Form I

All companies, who get supplies of goods or services from micro and small enterprises and whose payments to micro and small enterprise suppliers exceed forty five days from the date of acceptance or the date of deemed acceptance of the goods or services shall submit a half yearly return to the Ministry of Corporate Affairs stating the following: 

The amount of payment due and
The reasons of the delay

Every company shall file a return as per MSME Form I annexed to this Order, by 31st October for the period from April to September and by 30th April for the period from October to March.

Sections and Rules for MSME Form I

This form required to be filed pursuant to Order dated 22 January, 2019 issued under Section 405 of the Companies Act, 2013.

Last date to file MSME Form I 

MSME Form I initial return is should be filed within thirty days from the date of deployed on MCA 21 portal i.e. within 30 days from 1st May 2019. So the last date to file MSME Form I initial return is 30th May 2019. 

Afterward MSME Form I is required to file two times in a year:
  • one in month of April and (From October to March)
  • another in month of October (From April to September)

Attachment for MSME Form I

There is no particular mandatory attachment instructed by government for MSME Form I. 
Only Optional attachment option is there.

Other Information required to file MSME Form I

  • Total Outstanding amount due on date
  • Particulars of the name of suppliers and amount of payments due 
  • Name of Supplier 
  • PAN of Supplier 
  • Specify the date from which amount is due 
  • Reasons for Delay in amount of payments due

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