MSME Credit days applicability
This query is : Resolved
06 October 2021
MSMED Act says maximum credit of 45 days. buyer is to make MSME Supplier within appointed day and same shall not exceed 45 days.
does this rule applies to all Micro, small & Medium enterprises or is Medium enterprises is left out of this preview. Is there any notification or Law shedding light specifically on this
does this rule applies to all Micro, small & Medium enterprises or is Medium enterprises is left out of this preview. Is there any notification or Law shedding light specifically on this
06 October 2021
To all the units as per revised defination of MSME.
Micro ..... Investment less than Rs. 1 crore and Turnover less than Rs. 5 crore.
Small ...... Investment less than Rs. 10 crore and Turnover less than Rs.50 crore.
Medium.. Investment less than Rs. 20 crore and Turnover less than Rs.100 crore.
Micro ..... Investment less than Rs. 1 crore and Turnover less than Rs. 5 crore.
Small ...... Investment less than Rs. 10 crore and Turnover less than Rs.50 crore.
Medium.. Investment less than Rs. 20 crore and Turnover less than Rs.100 crore.
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06 October 2021
Revised definition?, you mean sir the one applicable from 1 oct 2021
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06 October 2021
Correct, as per the recent revision, a medium unit is one with an investment not exceeding Rs 50 crore and a Rs 250-crore turnover.
As per MSME act, the rule will get applied to these units also.
As per MSME act, the rule will get applied to these units also.
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