MSME Return (MSME Form-1)

Every company is required to file MSME Form-1 an obligatory return to the MCA every six months, disclosing the outstanding amounts payable to Micro and Small Enterprises (MSEs) for more than 45 days. This is for compliance of transparency and timely payments which are the interests of MSE suppliers.
Submitted successfully
We have received your message. We will get back to you shortly
Oops! Something went wrong while submitting the form.

Service Overview

MSME Return (MSME Form-1) service caters to successfully filing accurate half-yearly returns and compliance with MCA. End-to-end support is provided-from identifying relevant transactions to submitting the form thus reducing the chances of penalty.

‍Challenges of Filing for a Private Limited Company

Complex Procedures
The formation of the private limited company is quite complex as it requires many legal formalities.
Time-Consuming
Sometimes, its exhausting to gather all the necessary papers and fill out all necessary documents.
Share Limit
In a Private Limited Company there is a limit of 200 shareholders, with a restricted limit on share transfers.
Business Commencement
Within 180 days of registering a Private Limited Company, the certificate of commencement of business must be obtained.

‍Challenges of Filing MSME Return

Identifying MSE Suppliers and Transactions
Recognizing which suppliers qualify as Micro or Small Enterprises may become challenging, but careful verification will ensue to get the appropriate report in MSME Form-1.
Payment Duration Accurately Calculated
Herein lies the onerous requirement of taking time to keep a full record of payments and to be as precise as possible so as to fall within the 45-day window.
Timely Collection of All Required Information
Including everything from supplier PANs through outstanding amounts-to necessary reasons for the payment delays calls for really cut-throat coordination and management of data.
All Compliance Filing Deadlines
Compliance with filing deadlines for example, April 30 and October 31 must be adhered to avoid penalties and must be set according to planning and execution before that.

Advantages of MSME Return

Ensures compliance with regulations
You protect MCA regulations through our service from legal penalties associated with its breach.
Facilitates filing
Simplifying a complex filing system saves your company both time and administrative overhead.
Achieves penalty risk reduction
Accurate and timely filing minimizes the risk of financial penalties.
They Empower Relationship With Suppliers
Timely payments and compliance between MSE suppliers build trust and strengthen relationships.

Service Process

01
Supplier Verification
Providers should be identified and verified as Micro, Small or Medium Enterprise under the MSME Act.
02
Information Gathering
Supplier and pending amounts, along with the reasons for delaying payment, should be part of the data gathered.
03
Company Classification Check
Confirm that the reporting company falls under the mandatory category required to file MSME Form-1.
04
Payment Duration Analysis
Calculate the number of days payments have been outstanding to identify those exceeding 45 days.
05
Form Preparation
Accurately fill out MSME Form-1 with the collected data, ensuring all information is correct.
06
Submission
Submit the completed form to the MCA before the applicable deadline to ensure compliance.
Guaranteed
100%
This is some text inside of a div block.
Guaranteed
100%
This is some text inside of a div block.
Guaranteed
100%
This is some text inside of a div block.
Guaranteed
100%
This is some text inside of a div block.

Service Process

Consultation
We will have a consultation regarding your business vision and requirements to decide on whether the private limited company fits you well.
Documentation
We will help you to do the paperwork involving preparation of the Memorandum of Association and Articles of Association.
Registration
We will then forward all the necessary documents to the Registrar of Companies as required for registration.
Support
We will always be here with you to offer assistance and advice so that you can efficiently run your private limited company.
Compliance:
We will assist you in maintaining a continuing compliance with all legal and regulatory standards.
01
02
03
04

Service Process

Guaranteed
100%
This is some text inside of a div block.
Consultation
This is some text inside of a div block.
Guaranteed
100%
This is some text inside of a div block.
Consultation
This is some text inside of a div block.
Guaranteed
100%
This is some text inside of a div block.
Consultation
This is some text inside of a div block.
Guaranteed
100%
This is some text inside of a div block.
Consultation
This is some text inside of a div block.

Expert team with over 8 years of experience in compliance services.

Proven track record of assisting renowned global brands with regulatory filings.

Comprehensive support throughout the entire MSME Form-1 filing process.

Commitment to accuracy and timely submissions to prevent legal penalties.

Why Choose JR Compliance?

Service Breakdown

Eligibility

Eligibility

Companies Registered by Act: All organizations chartered under the Companies Act, 2013.
Engagement with MSE: The companies that receives supplies from MSE, Micro and Small Enterprises.
Outstanding Dues Over 45 Days: Companies with payment delays exceeding 45 days from acceptance.
Non-Medium Enterprise Suppliers: Suppliers must be classified as Micro or Small, not Medium Enterprises.

Documents

Documents

Udyam Registration Certificate: Proof of MSME registration to validate eligibility for filing.
Financial Statements: Profit and loss statements and balance sheets to showcase business performance.
Outstanding Payments Details: Information on pending payments to micro and small enterprises.
Bank Transaction Statements: Ensures transparency in financial dealings related to the MSME.
Board Resolution (if applicable): Required in case of a company to authorize return filing.

Who Needs

Who Needs

Companies with MSE Suppliers: Businesses procuring goods or services from Micro and Small Enterprises.
Entities with Outstanding Payments: Companies with payments pending beyond 45 days to MSE suppliers.
Organizations Seeking Compliance: Firms aiming to adhere to MCA regulations regarding supplier payments.
Businesses avoiding Penalties: Traders and Merchants who wish to avoid fines for non-compliance with payments.

Creating

Trust-Driven Relationships

JR Compliance is one of the known name for BIS certification, they are well versed with processes and guide client properly.
Kartik Shah
Published on 4 March 2024
We have outsourced the entire BIS certification responsibility of our panels to JR compliance since 2017 and their service so far has been exemplary.
P N Dhawanjewar
Published on 4 March 2024
We have been using JR Compliance services since last 3 years on various BIS related registration & testing of our various IT & electronic products. We really appreciate your full-fledged & excellent support in all respect in this matter.
K Narayanan
Published on 4 March 2024
Need more assistance, we are here to help you
Get Free Expert Consultation!
Get Free Expert Consultation!

FAQ

What Exactly is MSME Form-1?
It is a form of mandatory half-yearly return that all companies must file when they withhold any payment of over 45 days against supplies to MSEs–microscale and small scale enterprises. This will make them accountable for the payment for transparency in the system and timely payments to MSE suppliers.
Who shall file MSME Form-1?
In this case, only those companies should file the MSME Form-1 where their payments exceed 45 days from the date of goods or services received by MSE suppliers. While protecting the interests of MSEs and enforcing that businesses pay on time, this guarantees the obligations of payment.
What are the Consequences of not filing the MSME returns?
In this case, only those companies should file the MSME Form-1 where their payments exceed 45 days from the date of goods or services received by MSE suppliers. While protecting the interests of MSEs and enforcing that businesses pay on time, this guarantees the obligations of payment.
When Are the Due Dates for Filing?
MSME Form-1 must be filed twice annually:
1. By April 30 for the period October–March.
2. By October 31 for the period April–September.
How Can JR Compliance Assist?
JR Compliance provides end-to-end support for online MSME Form-1 filing. Our services include verifying supplier details, collecting necessary data, preparing the form, and finally, timely submission. Doing these, businesses can have assurance concerning compliance, avoid penalties, and maintain a positive relation with their suppliers.

Insightful Perspectives, Unveiled

paboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum ut it dolore
Contact Us
Contact Us

Take the next step towards success

Partner with Compliance Experts—Secure Your Business with Proven Solutions. Get in Touch Today!
Contact Us
Contact Us
Your trusted partner for the latest regulatory updates.
Contact Us
Contact Us
BIS FMCS
BIS FMCS
BIS CRS
BIS CRS
WPC ETA Approval
WPC ETA Approval
CDSCO License
CDSCO License
EPR Registration
EPR Registration
Company registration
Company registration
Trademark
Trademark
Blogs
Blogs
Popular Services
BIS Registration
WPC ETA Approval
CPCB Registration
CDSCO
FSSAI
ISI Mark
FMCS Certification
CRS Certification
EPR Registration
TEC Approval
Sole Proprietorship
Startup India
Trademark Registration
NGO Registration
GST Registration
NITI AAYOG
ROC Return
TDS Return
One Person Company
PSARA License Registration
Private Limited Company
IEC Code
NBFC Registration
PSARA
Also searches for
Digital Signature
Copyright Registration
Pan Card
Income Tax
Ayush License
ESIC registration
Spice Board
Patent Registration
Mutual Fund Company
CSR Registration
EPF Registration
Section 8 Company
Portfolio Manager Registration
SEED Funding
FCRA Registration
GEM Registration
APEDA Registration
Shop and Establishment
GST Return
PF/ESI Return
RERA Registration
Producer Company
Insurance Company
LLP Registration
Nidhi Company
Copyrights@JR Compliance
Privacy Policy
Terms and Conditions
Purchase and Billing
Disclaimer
All to whom it may concern, JR Compliance is not liable for any direct, indirect, incidental, special, or consequential damages from the use of any information contained on our website, or from any action/ decision taken as a result of using the site.
The information provided on this website is with the sole intention to give information, not a professional opinion. Moreover, our website might include copyrighted material that may or may not have been specifically authorized by the owner, however, used for the purpose of providing information. That constitutes a “fair means” under Section 52 of the Copyright Act, 1957.
Intellectual Property
This site is our proprietary intellectual property. All the graphics, media, editorial content, and website design (altogether, “content”) used are the intellectual property of JR Compliance which are protected by Trademark, Copyright, and other applicable intellectual property laws.
Any content or mark might be copied, reproduced, republished, and displayed publicly for any profit-oriented purpose whatsoever, require our prior written permission, otherwise, an offender may have to face legal consequences.