Form MSME-1 — Return of MSME Dues
Form MSME-1 is a half-yearly return in which companies disclose amounts they owe to registered MSME (micro and small) suppliers that remain unpaid beyond 45 days. It exists to enforce the MSME payment-protection rules — and the government now actively cross-checks it.
It is filed twice a year, and non-filing (or under-reporting) exposes the company and its officers to penalties, so it should be run off a proper vendor-ageing analysis.
Key features and requirements
- Half-yearly return of outstanding dues to micro and small enterprises
- Filed by 30 April (for October–March) and 31 October (for April–September)
- Reports amounts outstanding beyond 45 days and reasons for delay
- Ties into the MSME 45-day payment protection
- Requires classifying vendors as MSME (micro/small) correctly
- Non-filing attracts penalties on the company and officers
How TaxSastra handles this
We run your vendor ageing, identify reportable MSME dues, and file Form MSME-1 in both half-yearly windows — keeping you clear of a compliance the department increasingly scrutinises.
What’s included
- MSME vendor classification
- Vendor-ageing and dues analysis
- Half-yearly MSME-1 filing (both windows)
- Reconciliation with the payables ledger
- Guidance on the 45-day payment rule
- Coordination with accounts payable