Penalty for delay in Filing Form MSME-1

Penalty for delay in Filing Form MSME-1

Deepak Gupta | Apr 30, 2021 |

Penalty for delay in Filing Form MSME-1

Penalty for delay in Filing Form MSME-1

As per Section 405(4)

  • If any company fails to comply with the requirement of filing Form MSME-1, the company and every officer of the company who is in default shall be liable to a penalty of twenty thousand rupees
  • and in case of continuing failure, with a further penalty of one thousand rupees for each day after the first during which such failure continues, subject to a maximum of three lakh rupees.

That means in the case of Non-filing of Form MSME-1:

  • The penalty of twenty thousand rupees &
  • a further penalty of one thousand rupees for each day

can be levied.

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Deepak Gupta
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Location: Delhi, India
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CA Deepak Gupta,is Co-founder of Studycafe. He is Microsoft Office Specialist and Trainer of Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools. CA Deepak Gupta, is Having more than 13 plus years of industry experience, and he has Worked with best brands Like, Hero, Wipro, Ericsson before Starting Studycafe. He has Trained more than 20000 Persons in Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools.

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