MSME Return Date Extension

MSME Form 1 is a mandatory half-yearly return required under the Companies Act, 2013, to report outstanding payments to Micro and Small Enterprise (MSE) suppliers that are delayed beyond 45 days.

Filing Schedule & Due Dates

The form must be filed twice a year with the Registrar of Companies (ROC). The due date is the last day of the month following the close of the half-year period:

Applicability

• Who must file: Any company (Private Limited, Public Limited, One Person Company, etc.) that has received goods or services from a supplier registered as a Micro or Small Enterprise and has an outstanding payment delayed beyond 45 days.

• Medium Enterprises: Payments to "Medium" enterprises are not covered by this filing requirement; only Micro and Small enterprises trigger it.

• When is it NOT required? You are not required to file if:

  • You have no dealings with Micro or Small Enterprises.

  • All payments to your MSME suppliers are made within 45 days.

  • There is no "nil return" filing requirement. If you have no outstanding dues beyond 45 days, no filing is necessary.

Important Compliance Notes

• 45-Day Rule: The 45-day clock starts from the date of acceptance (or deemed acceptance) of the goods or services. If there is a written agreement, the payment term cannot exceed 45 days. In the absence of an agreement, the default period is 15 days.

• Penalties: Failure to file can result in penalties for both the company and the officers in default under Section 405(4) of the Companies Act, 2013.

• Electronic Filing: The form is filed online via the MCA V3 Portal. Ensure you have the Udyam Registration Number (URN) for your suppliers to verify their status.

Summary: MSME Form 1 is a half-yearly return for companies with payments to Micro/Small enterprises outstanding for more than 45 days. It is due by April 30th (for the Oct–Mar period) and October 31st (for the Apr–Sep period). If you have no such delayed payments, you do not need to file.