For our company located in India, we are facing a new updated requirement concerning 'MSME reporting'.

The filing of this MSME form-1 is required if a company has received goods/services from registered Micro/Small enterprises and the payment is outstanding for over 45 days.

• Due Dates: April to September: Due by October 31st.

         October to March: Due by April 30th.

• Information Required: The form requires the PAN of the MSME supplier, amount due, and the specific reasons for delays.
• Compliance Importance: Failure to comply can lead to legal action and penalties.
• Impact: Payments to MSMEs must be made within 45 days to avoid reporting requirements and potential disallowance of expenses under income tax regulations. 

currently we need to prepare these reports manually by using a combination of a lot of different reports and combine those in excel. We would like to have a featured report to cover all this .