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MSME Form-1

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  MSME Form-1 ·        Applicability :- Companies which accept supplies or services from MSME and If payment for such supplies received or services availed is due for payment to MSME for more than 45 days from the date of acceptance. ·          Due Date of filing - on half yearly basis within thirty days of completion of each half year (till 31 st October & 30 th April). ·          Date of commencement:- 1 st May 2019. ·          Not applicable on Medium Enterprises. ·          Definition of Micro, Small & Medium Enterprises - (Old) Classification Ceiling on Investment in Plant and Machinery (in INR) for enterprises engaged in or production, processing or preservation of goods Ceiling on Investment in equipment (in INR) for enterprises engaged in service sector ...