Published 2 months ago

45-Day Payment Rule For MSMEs Divides Industry Ahead Of Implementation

Summary by Ground News

Starting April 1, the clock on fulfilling payment obligations to MSMEs will have a 45-day limit. Beyond this window, the amount would be considered profit, making it liable for tax payments. Industry bodies remain divided on industry preparedness, as some players welcome the move while others voice doubts about its practicality.

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45-Day Payment Rule For MSMEs Divides Industry Ahead Of Implementation

The case for timely payments to micro, Small and medium enterprises has garnered steam ahead of its implementation in the new fiscal year. However, industry bodies remain divided on industry preparedness, as some players welcome the move while others voice doubts about its practicality.Starting April 1, the clock on fulfilling payment obligations to MSMEs will have a 45-day limit. Outstanding dues are expected to be cleared by March 31. Beyond t…

2 months ago

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45-Day Payment Rule For MSMEs Divides Industry Ahead Of Implementation

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45-Day Payment Rule For MSMEs Divides Industry Ahead Of Implementation

45-Day Payment Rule For MSMEs Divides Industry Ahead Of Implementation

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