MSME-1 Return Working Format — 45-Day Outstanding Extraction
MSME-1 HALF-YEARLY RETURN — WORKING PAPER
[Form MSME-1 under section 405 of the Companies Act, 2013 read with section 15 of the MSMED Act, 2006 — amounts due to micro and small enterprise suppliers outstanding beyond 45 days]
{{company_name}} | CIN: {{cin}}
Registered office: {{registered_office}}
Return period: April to September | Working paper date: 31 July 2026
A. Filing Deadlines
| Half year | Period covered | Due date |
|---|
| First half | April to September | 31 October |
| Second half | October to March | 30 April |
B. Supplier Classification Check — Udyam
Only suppliers registered as MICRO or SMALL enterprises under the MSMED Act, 2006 (Udyam registration) are covered — medium enterprises and unregistered suppliers are excluded. Verify each supplier's Udyam certificate or the Udyam portal status before including them.
| Supplier name | Udyam registration no. | Classification (Micro / Small / Medium / None) | Evidence on file (certificate / portal check date) | Covered by MSME-1? |
|---|
| ____________ | UDYAM-__-__-_______ | ____________ | ____________ | Yes / No |
| ____________ | UDYAM-__-__-_______ | ____________ | ____________ | Yes / No |
C. Extraction — Amounts Outstanding Beyond 45 Days
Extract from the creditors ledger every invoice of a covered supplier where payment was outstanding beyond 45 days from the date of acceptance (or deemed acceptance) of the goods or services at any time in the half year.
| Supplier name | PAN | Amount due (₹) | Date from which amount is due | Days outstanding | Reason for delay |
|---|
| ____________ | ____________ | ____________ | ____________ | ____________ | ____________ |
| ____________ | ____________ | ____________ | ____________ | ____________ | ____________ |
| ____________ | ____________ | ____________ | ____________ | ____________ | ____________ |
D. Scope Check — Revised Form (July 2024)
- Since the July 2024 revision of the e-form, only companies with payments to micro and small suppliers pending beyond 45 days are required to file MSME-1 for the half year — a company with no such outstanding beyond 45 days files nothing (a nil return is not required).
- Where a supplier's 45-day limit was breached during the half year, capture the supplier-wise payment details the revised form seeks — including amounts paid late during the period — not merely the closing outstanding.
- The 45-day outer limit comes from section 15 of the MSMED Act, 2006: payment is due within the agreed credit period (maximum 45 days from acceptance) or 15 days where no period is agreed.
- Drafting note: the tax-side twin of this return is section 43B(h) of the Income-tax Act (deduction only on payment within the s. 15 time limit) — cross-check the same extraction with the free MSME 43B(h) checker at coraa.ai/university/msme-43b-h-checker before finalising the tax audit.
Prepared by: ____________ | Reviewed by: ____________
For {{company_name}}
_______________________________
Director / Company Secretary
