Support for reviewing supplier-payment information and preparing MSME-1, where applicable.
The half-yearly return in Form MSME-1 reporting amounts outstanding to micro and small enterprise suppliers for more than 45 days.
A timely review of relevant supplier data helps identify whether this periodic reporting is needed.
Review of the creditor ageing against the supplier MSME status
Identification of balances outstanding beyond the 45-day window
Preparation of the reportable schedule with reasons for delay
Creditor ageing report as at the half-year end
Udyam registration numbers of the relevant suppliers
Purchase invoices and agreed payment terms
DSC of a director
Government, statutory, stamp-duty and portal charges (billed at actuals)
Litigation, adjudication or representation before any authority
Bookkeeping, statutory audit and income-tax return preparation
Additional filings triggered by facts discovered during the review