Dear All,
a. For reckoning a period of 45 days from the date of actual delivery, do we count the bill generation date or from the next day?
b. Secondly if payment made on 45th day of the actual delivery-should we consider for reporting under msme return or not?
C. what should be the actual delivery date-the bill date or the date on which the voucher has been recorded in our accounting system?
Dear All,
In respect to the MSME return-
Do we need to report the outstanding as on 30.09.2019 or the outstanding balance amount exceeding 45 days from the date of actual acceptance during 01.04.2019 to 30.09.2019 irrespective of the fact that it had been paid off before 30.09.2019?
Please clarify whether outstanding amount as on 31.03.2019 to MSME for more than 45 days is to be provided in the half-yearly MSME return along with their details and the form is presumed to be filed on or before 30.05.2019 (i.e. within 30 days from the deployment of the form) as original due date of filing half-yearly return is 30 days from the end of half-year?
Click here to view / answer Share it onHow to calculate investment in Plant and Machinery under MSME Act 2006.
What items are Excluded and what items are included while calculating investment in Plant and Machinery in MSME Act 2006.
msme
under
machinery
plant
investment
Dear Friends,
Is there any way to know whether the vendor who is giving us services or goods are MSME Registered without the requirement of asking every single vendor manually.
As this will help us filing of MSME Form to MCA.
Best,
CS Gaurav Kumar
registered
msme
company
know
We have mentioned in our Balance Sheet that none of the suppliers informs us about his status of MSME then are we required to file MSME form with ROC?
Click here to view / answer Share it onSome entities have not taken registration under MSME, though it seems that they fall in the category. What should be done in those case.
Also what if retention money is held back as a part of agreement provisions. Is the same required to be reported in MSME 1?
msme
Dear All,
Our Client is a pvt co. and it has diversified work area, so in small time, it's not possible for client to recognize MSME specified companies, from which they get supplies of goods or services. In that case, if a company can not file Form MSME-I within 30 days of its notification, then what are the consequences and late fees... regarding this ?
It's no indicate in Notification.
msme
form
filing
consequences
Query: as per recent notification ,MSME details is required to be reported as on 22nd january that is amount due to all msme on 22nd january ?
Click here to view / answer Share it onmsme
Dear Members,
Please confirm whether the new definition of MSME notified or not as it is now linked with turnover based instead with investment in plant and machinery.
definition
msme
Dear Members,
One of our Pvt ltd company having MSME licence since Feb 2018. We want to know is there any annual compliances to be done under MSME.
Kindly advise.
Q. Curtsy:
Shrikant Huddar
compliances
annual
msme
