1. Who are covered under this order?
All the companies where the payments to MSME are due for more than 45 days.
2. Is it mandatory to file Initial return as the form was made available in the month of May 2019?
Yes, It is necessary to file initial return as the information as on January 22, 2019 is to be furnished with the MCA by May 30, 2019.
3. Due date for filing the half yearly return for the period ended March 2019?
The half yearly return for the period October 2018 – March 2019 is to be filed by May 30, 2019.
4. Due date for filing initial and half yearly returns?
Periodicity of the return
|
Due date for filing
|
Initial Return
(one time only)
|
May 30, 2019
|
Half yearly return
April – September
October - March
October 2018 – March 2019
|
October 31
April 30
May 30, 2019
|
5. How do you identify MSME?
As defined under MSME Act, MSME’s are classified in two classes as Manufacturing Enterprises and Service Enterprises
Manufacturing Sector
| |
Enterprises
|
Investment in plant & machinery
|
Micro Enterprises
|
Does not exceed twenty five lakh rupees
|
Small Enterprises
|
More than twenty five lakh rupees but does not exceed five crore rupees
|
Medium Enterprises
|
More than five crore rupees but does not exceed ten crore rupees
|
Service Sector
| |
Enterprises
|
Investment in equipments
|
Micro Enterprises
|
Does not exceed ten lakh rupees:
|
Small Enterprises
|
More than ten lakh rupees but does not exceed two crore rupees
|
Medium Enterprises
|
More than two crore rupees but does not exceed five crore rupees
|
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