If the payment against the supplier exceeds 45 days, the supplier/Creditors give a declaration that they do not fall under the category of Micro or small Enterprises. Some FAQs Related to MSME Form 1: Q.1 – Why was the MSME-1 Form introduced by the MCA? Q.2 – Who are Micro, Small...
Q. What is the applicability of MSME return filing? A.The companies eligible to file FORM MSME-1 have taken money from MSMEs and have yet to return it. Simply put, every company which has received services or goods from MSMEs and payment for those services hasn’t been made 45 days afte...