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MSME Form 1: Half-Yearly Return on Outstanding Payments
Due: 30 April and 31 October.
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Due date
30 April and 31 October.
Due dates are frequently extended by notification or circular. Verify on the official portal before relying on them. Section references are to the Income-tax Act, 1961 (up to FY 2025-26); the Income-tax Act, 2025 re-numbers provisions from tax year 2026-27.
What is it?
Half-yearly return disclosing outstanding payments to MSME suppliers.
Who must comply
Companies with dues to micro/small enterprises exceeding 45 days.
Penalty / consequence of delay
Penalty under the Companies Act.
How to comply
- Identify overdue MSME payments
- File MSME-1 on the MCA portal
Tips to stay compliant
- Add the due date to your calendar a week early and keep documents ready.
- Reconcile books with portal data before filing; fix differences first.
- Keep acknowledgements, challans and working papers for at least the statutory retention period.
- Watch for CBDT / CBIC / MCA notifications: extensions and relaxations are common, but never assume one.
Need help?
GstMan can handle this compliance for you with reminders and filing. Contact us or message on WhatsApp.
Frequently asked questions
Who files MSME Form 1?
Companies with payments overdue to MSME suppliers beyond 45 days.