MSME Return

Specified Companies means:-

All companies who get supplies of goods & services from micro and small enterpises and whose payments to such enterprises exceeds 45 days from the date of acceptance or the date of deemed acceptance of goods & services.

No, MSME return is to be filed by only those companies which fall in the definition of ‘Specified Companies’.

No, Medium enterprises are not covered by the aforesaid order.

No, Trading enterprises are not considered as part of MSME so outstanding dues to trading enterprises are not to be shown in MSME return.

As per MSMED Act, 2006, “Date of acceptance” means:

• The date of the actual delivery of goods or rendering of services; or
• Where any objeciton is made in writing by the buyer regarding acceptance of goods or services within 15 days from the day of delivery of goods or rendering of services, the date on which such objection is removed by the supplier;

As per MSMED Act, 2006, “Date of deemed acceptance” means:

Where no objection is made in writing by the buyer regarding acceptance of goods or services within 15 days from the day of delivery of goods or rendering of services, the date of actual delivery of goods or rendering of services.

Following details are to be furnished in MSME Half yearly return:

• Total outstanding amount due for the respective half year period;
• Particulars of the name of suppliers and amount of payments due as below:-
  • Name of the supplier
  • PAN of the supplier
  • Amount Due
  • Date from which amount due
  • Reasons for delay in payments of amount due