MCA Introduce new Form “MSME FORM I” Via Companies (Furnishing of information about payment to micro small enterprise suppliers) Order, 2019 Notification dated 22th Jan, 2019

(1) Who is liable file “MSME FORM I”? (Meaning of Specified companies)
All Companies who has outstanding dues to Micro or small enterprises more than 45 days from the date of acceptance in respect of purchase of goods or procurement of services from it.

(2) Which details required to be furnished for “MSME FORM I”?
-the amount of payment due; and
-the reasons of the delay;

(3) What is the due date of filing “MSME FORM I”?

Due date for the first time filing of “MSME FORM I” from the date of introduction of notification.

Particular Due Date
Every Specified companies as on date of notification to be published in official Gazette of India Within 30 days from the date of notification to be published in official Gazette of India

Due date for filing of further MSME FORM I”?

Particular Due Date
For the period from April to
September
31st October
for the period from October to March 30th April

Attached full text of notification with the format of “MSME FORM I”.

2+

LEAVE A REPLY

Please enter your comment!
Please enter your name here