As per the notification "companies whose payments to micro and small enterprise exceed 45 days shall submit a half-yearly return".
So during the half-year, if the Company has made payment to the micro and small enterprise after 45 days, it has to file MSME Form I for that half-year.
So we have to file particulars of payments made to small and micro enterprises after 45 days during the half-year and not just pending as on 31st March/ 30th September for more than 45 days.
Please share your views on the same.
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