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Payment Terms

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(Querist)
13 November 2008 I.m working with a public limited co. and my co. has purchased some material from a Micro & Small enterprises. So what will be the maximum payment period up to which no interest will be levied and after that period compound interest will be levied.
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Deepak Agrawal

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Deepak Agrawal (Expert)
13 November 2008 30 DAYS
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Baman

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Baman (Querist)
13 November 2008 I.m working with a public limited co. and my co. has purchased some material from a Micro & Small enterprises. So what will be the maximum payment period up to which no interest will be levied and after that period compound interest will be levied.
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CA Shailesh +91 9393926464

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CA Shailesh +91 9393926464 (Expert)
13 November 2008 I think, it depends on the policy of the organisation and they even mention this on their invoice.
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