Compliance
MSME compliance checklist: monthly, quarterly and annual
Use this checklist to track what a small or medium business must register, file and pay. Which items apply depends on your structure, state, turnover and staff.
At set-up
- Business registration for your structure, and PAN.
- Udyam registration for MSME benefits. See MSME (Udyam) registration.
- GST registration if required.
- Trade licence and shop and establishment registration.
- Industry licences such as FSSAI or IEC.
- PF, ESI and professional tax registrations once you hire.
Every month
- GST returns, generally by the 11th and 20th.
- TDS deposit, generally by the 7th.
- PF and ESI contributions, generally by the 15th.
- Payroll and professional tax where applicable.
- Bookkeeping and bank reconciliation.
Every quarter
- TDS returns.
- Advance tax instalments.
- GST statements for quarterly or composition filers.
Every year
- Income tax return.
- For companies and LLPs: ROC annual filings and director KYC by 30 September.
- Licence renewals.
- Update of Udyam details where needed.
MSME-specific: payments to small suppliers
Buyers must pay micro and small suppliers within the agreed period, which cannot exceed 45 days. Companies that owe such dues beyond 45 days generally file a half-yearly MSME return disclosing them. Check whether this applies to you.
Make it automatic
Missed dates cost more than the work to file. An annual compliance calendar with reminders turns this checklist into a routine.
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