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Tag: MSME Form-1 of MCA – Applicability

MSME Form-1 of MCA: Applicability, Due Date, Fees and Penalty

MSME Form-1 provides information regarding outstanding payments as well as delays in payment to any MSME enterprise for a period exceeding 45 days. This form deals with the default by companies for payments to the MSME vendors. It becomes applicable if a company has MSME registered vendors and the payment to such vendor is outstanding for more than 45 days. If the above conditions are…