MSME-1 form

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The MSME-1 form is used to report the payment status of micro and small enterprises, specifically when payments are delayed beyond 45 days. This discussion clarifies that the form is indeed applicable to medium enterprises as well, not just micro and small ones. Therefore, businesses need to be aware of this reporting requirement for all three categories.

ayushi lavania

ayushi lavania (Querist)
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23 May 2022 MSME1 form is used to report the Payment status to the Micro and small enterprise. It is specifically used to report payment status after 45 days to the above mentioned entities. My query is that whether the form is applicable for Micro, Small enterprises only or it covers Medium enterprises also?

CA Puja Sharma

CA Puja Sharma (Expert)
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23 May 2022 Medium enterprises are also included.

ayushi lavania

ayushi lavania (Querist)
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25 May 2022 Thanks for clearing my doubt.

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