MINISTRY OF OF MICRO, SMALL AND MEDIUM ENTERPRISES

NOTIFICATION

New Delhi, the 2nd November, 2018

S.O. 5622(E).—In exercise of powers conferred by Section 9 of the Micro, Small and Medium Enterprises Development Act, the Central Government hereby directs that all companies who get supplies of goods or services from micro and small enterprises and whose payments to micro and small enterprise suppliers exceed forty five days from the date of acceptance or the date of deemed acceptance of the goods or services as per the provisions of the Act, shall submit a half yearly return to the Ministry of Corporate Affairs stating the following:

(a) The amount of payments due; and

(b)  The reasons of the delay.

[F.No.4/3(1)/2018-P&G/Policy]

RAM MOHAN MISHRA, Addl. Secy.

Companies to submit half yearly returns for dues to MSMEs

More Under Corporate Law

Posted Under

Category : Corporate Law (4145)
Type : Notifications (16040) Notifications/Circulars (32482)
Tags : MSMED Act (27)

2 responses to “Half Yearly Reporting of payment to MSMEs after 45 days”

  1. EPTL says:

    Dear Sir,

    we are providing IT services to corporate and clients are not paying bill after 45 days then in this case who will file Return ?? and in which from?
    Please guide on above matter.

  2. EPTL says:

    Dear Sir,

    We are proving services to corporate. Please guide how to file return and in which form of MCA. please give clarity on who will file return. Client or us??

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