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FILING OF MSME-1 RETURN WITH ROC

Furnishing return with ROC in respect of outstanding payments to Micro or Small Enterprises.

There are few simple steps for filing of Return of MSME:

  • GATHER INFORMATION
  • eZeefiling will gather information from you
  • VERIFICATION
  • eZeefiling will verify the documents
  • FILLING OF FORMS
  • After Verifying the documents, eZeefiling will file the Forms
  • REGULAR UPDATES
  • You will receive regular updates until registration.
1,999.00

As you are aware that the MCA wide order dated 22nd January, 2019 directed 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 as per the provisions of section 9 of the Micro, Small and Medium Enterprises Development Act,2006 (27 of 2006) (hereafter referred to as “Specified Companies”), shall submit a half yearly return to the Ministry of Corporate Affairs stating the following:

(a) the amount of payment due; and

(b) the reasons of the delay

Every specified company shall file a return as per MSME-1, by 31st October for the period from April to September and by 30th April for the period from October to March.

Important Definition:

1. Specified Companies mean 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 as per the provisions of section 9 of the Micro, Small and Medium Enterprises Development Act,2006.

Note: MSME-1 is not applicable to Medium Enterprises.

2. Micro & Small Enterprises above means any class or classes of enterprises (including companies, Partnership firm, Association of Person, Hindu Undivided family, Co-operative Society, Proprietorship Firm, other entities etc) shall be:

For manufacturing Business

S.No.

Enterprises

Investment in Equipments

01

Micro Enterprises

Does not exceed twenty-five lakh rupees

02

Small Enterprises

More than twenty-five lakh rupees but does not exceed five crore rupees

For service providers

S.No.

Enterprises

Investment in Equipments

01

Micro Enterprises

Does not exceed ten lakh rupees

02

Small Enterprises

More than ten lakh rupees but does not exceed two crore rupees

Note: Only registered enterprises and having valid MSME certificate shall be considered and Udyog Aadhar is also considered as MSME registration.

3. Day of Acceptance means:

  1.   The day of the actual delivery of goods or the rendering of services; or
  2.   Where any objection is made in writing by the buyer regarding acceptance of goods or services within fifteen days from the day of the delivery of goods or the rendering of services, the day on which such objection is removed by the supplier.

4. Day of Deemed Acceptance means day of the actual delivery of goods or the rendering of services, where no objection is made in writing by the buyer regarding acceptance of goods or services within fifteen days from the day of the delivery of goods or the rendering of services.

DETAILS TO BE FURNISHED IN MSME-1:

  • Name of supplier
  • PAN of supplier
  • Amount due against the supplies of goods or services
  • Date from which the amount is due
  • Reason of delay in payment of the amount due

PROCEDURE

  1. Firstly identify your MSME registered suppliers and ask for their registration certificate.
  2. If there are any such suppliers who are Registered under MSME Act and if the payments to them are due for more than 45 days from the date of acceptance of the goods and services, then details of such suppliers shall be furnished in Form MSME-1.

CONSEQUENCES FOR NON- FILING

If any company fails to file MSME-1 within 30 days or knowingly furnishes any information or statistics which is incorrect or incomplete in any material respect, the company shall be punishable with fine which may extend to twenty-five thousand rupees and every officer of the company who is in default, shall be punishable with imprisonment for a term which may extend to six months or with fine which shall not be less than twenty-five thousand rupees but which may extend to three lakh rupees, or with both.

FAQS ON IMPORT AND EXPORT CODE

IEC Stands for Importer Exporter code which is a 10 digit number issued by Director General of Foreign Trade, Department of Commerce, Government of India. It is a registration required for traders importing or exporting goods and services to or from India.

Import Export Code number is a proof of a firm as an Exporter/Importer in India. IE code can be submitted with government authorities as a proof of trade to obtain various benefits on their exports / imports from DGFT, customs etc.

To obtain IE code registration, a copy of PAN Card, proof of address of business and constitution of the business [Partnership deed, Incorporation Certificate, etc.,] and a cancelled cheque is required.
No, IE Code registration is a fully online process. As all documents are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms.
eZeefiling will provide IE Code in just one Day.
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