Delayed payment to medium enterprises under msmed act

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This query is : Resolved

Pavan V Deore (Querist)

17 July 2018 I have Signed Bills (Tax Invoices) by the buyer. But Buyer now not giving payment. Is it necessary to have Work Order form buyer? Can I appeal without buyer's Work Order and advance paid receipt ?
Please Guide

saurendra rautray

saurendra rautray (Expert)

12 April 2020 Hi, I differ from the opinion of spurto consultancy services. Registration of an Micro /SSI Unit is a mandatory to avail the benefits of the MSMED Act 2006. In the erstwhile Interest on Delayed Payment act of 1993 it was DIC registration and in the new Act of 2006 it was EM II. The Ministry of MSME has notified about Udyog Aadhaar Memorandum (UAM) through the Gazette of India on 18.09.2015 as a part of the government's initiative to ease of registration of the MSMEs. The simplified one page registration form (Udyog Aadhaar Memorandum) was made after wide consultations with stateslUTs and other stakeholders. The UAM has been introduced and the same replaces the filing of Entrepreneur's Memorandum Part I&II.

Now for your query if your a registered unit you surely can file a case by raising a arbitration claim and purchase order /work order is not necessary as long as you can prove that you have supplied the good/servces and that the buyer has received the goods/services.
Regards
Saurendra Rautray
Rautray & Co
www.rautray.com
9437008255

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