# MSME Form-1 (Half-Yearly Return)

> Companies that owe micro or small enterprises for more than 45 days must file MSME Form-1 on the MCA portal twice a year: by 30 April for the October–March half and by 31 October for the April–September half, giving supplier-wise outstanding amounts and reasons for delay. Dues to medium enterprises are not reported.

Practice: Company Secretary & Corporate Compliance — https://www.industax.com/services/company-secretary/

The form comes from the MSMED Act's 45-day payment rule. To file it, the company needs to know which suppliers are Udyam-registered micro or small enterprises — so supplier master data is where the work starts.

The same 45-day rule now also drives income tax: under Section 43B(h), payments to micro and small enterprises beyond the permitted time are deductible only in the year they are actually paid. We use one supplier classification for both.

## Key facts

| Item | Detail |
| --- | --- |
| Who files | Companies with dues to micro/small suppliers beyond 45 days |
| Due dates | 30 April (Oct–Mar) and 31 October (Apr–Sep) |
| Not reported | Dues to medium enterprises |
| Related tax rule | Section 43B(h) disallowance until payment |

## Who needs this

- Companies buying from MSME suppliers
- Companies with stretched payment cycles
- Larger buyers whose tax audit report must disclose delayed MSME payments

## What's included

- Supplier MSME classification
- Ageing of dues
- MSME-1 filing
- 43B(h) tie-in for tax audit

## Documents

- Supplier list with Udyam numbers
- Payables ageing report
- Reasons for delayed payments

## Process

1. **Classify** — Suppliers tagged as micro/small/medium.
2. **Age** — Dues older than 45 days identified.
3. **File** — MSME-1 filed by the half-yearly due date.

## FAQs

### What are the due dates for MSME Form-1?

30 April for the October–March half-year and 31 October for the April–September half-year.

### Do dues to medium enterprises need to be reported?

No. Only micro and small enterprises.

### Is a nil MSME-1 required?

The form is required when there are dues beyond 45 days to micro or small enterprises; we confirm applicability each half-year.

## Official sources

- Ministry of Corporate Affairs — MCA21 portal: https://www.mca.gov.in/
- Udyam Registration portal: https://udyamregistration.gov.in/

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Canonical page: https://www.industax.com/services/company-secretary/msme-form-1
Publisher: Indus Tax — CA-led tax and compliance firm (https://www.industax.com). Contact: info@industax.com, 9059139258.
This is general information, not advice for your specific facts.