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MSME Return Filing

MSME Return Filing is a mandatory compliance requirement for Micro, Small, and Medium Enterprises (MSMEs) registered under the MSME Act, 2006. Businesses must file periodic returns to report their outstanding payments, financial details, and operational status to the Ministry of Corporate Affairs (MCA). Timely filing ensures legal compliance, access to government benefits, and protection against delayed payments. Company Mitra simplifies the MSME return filing process, ensuring hassle-free compliance.

Requirement

All MSME-registered businesses must file periodic returns.
The filing is mandatory for companies that have outstanding dues to MSMEs exceeding 45 days.
Details of supplier payments and pending dues must be accurately reported.

Benefits

Ensures legal compliance with the MSME Act.
Protects MSMEs from delayed payments by large corporations.
Helps in availing government subsidies, loans, and incentives.
Avoids penalties due to non-compliance.
Strengthens business credibility and financial transparency.

Document Required

MSME Registration Certificate
Financial Statements (Balance Sheet & P&L)
List of unpaid suppliers & pending dues
Bank details and payment transactions
GST & Income Tax Returns

Professional Fees

~~₹3,000.00~~ ₹1,500.00

Additional Cost

Process time

⏳MSME Return Filing is usually completed within 3-5 working days after document submission.

Steps

⏬ Consultation: Understand MSME return filing requirements.
⏬ Document Collection: Gather business financial data.
⏬ Pending Dues Analysis: Identify supplier payments exceeding 45 days.
⏬ Return Filing: Submit MSME returns to the Ministry of Corporate Affairs (MCA).
⏬ Compliance Confirmation: Receive filing acknowledgment from authorities.

FAQ

👉 Who is required to file MSME returns?
Companies that have outstanding payments to MSME suppliers for more than 45 days.

👉 What happens if MSME returns are not filed?
Non-filing may lead to penalties and legal consequences under the MSME Act.

👉 How often should MSME returns be filed?
MSME returns must be filed twice a year – in April and October.

👉 What details are required in the MSME return?
It includes supplier details, payment status, and outstanding dues.

👉 Can non-MSME businesses file MSME returns?
No, only MSME-registered businesses and companies dealing with MSMEs need to file.

👉 Is it mandatory to have an MSME certificate for filing?
Yes, only registered MSMEs can avail of return filing benefits.

👉 Can MSME returns be revised after submission?
No, once submitted, returns cannot be modified, so accuracy is crucial.

👉 Do small businesses with no outstanding dues need to file?
No, MSME filing is only for businesses with dues exceeding 45 days.

👉 How does MSME return help in legal disputes?
Filing MSME returns provides proof of unpaid dues, strengthening legal claims.

👉 Can Company Mitra assist in MSME return filing?
Yes, Company Mitra handles the entire MSME return filing process.

👉 What is the penalty for non-filing of MSME returns?
Companies may face monetary fines and legal action for non-compliance.

Compliances

✅ Compliance

📌 Compliance Requirement	📅 Due Date	📖 Remarks
📜 MSME Registration	Before filing returns 📆	Required for MSME benefits
📑 Filing of MSME Return (Half-Yearly)	April & October 📤	Mandatory for businesses with unpaid MSME dues
📊 Disclosure of Outstanding Payments	Every return cycle 📌	Must include payments delayed beyond 45 days
📝 Notify Stakeholders of Compliance	After filing MSME return 📌	Helps in smooth business operations

Penalties

⚠️ Penalty & Interest

🚨 Non-Compliance Issue	❌ Penalty & Interest	⚖️ Consequences
📑 Failure to File MSME Return	₹25,000 – ₹3,00,000 fine 🚔	Legal action under MCA rules
📝 Providing Incorrect Payment Details	₹50,000 penalty 🏦	May lead to return rejection
📊 Hiding Outstanding Dues	Legal scrutiny 🏛️	Can affect business credibility
💰 Non-Disclosure of MSME Status	Business restrictions 🏦	May lead to loss of MSME benefit