Disallowance u/s 43B(h) – Non-payment of dues to MSME

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student
127 Points Posted on 26 February 2024

Since such rule is only applicable to Manufacturers and Service providers & not traders, will hospitals be also mandated to make payments within specified time limit?

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On 26 February 2024 at 17:29 Report
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This discussion clarifies that hospitals, as service providers, are subject to the disallowance provisions under Section 43B(h) of the Income Tax Act. This means they must adhere to the specified time limits for payments to MSME suppliers, or face potential disallowance of the expense.

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Profession
28269 Points Posted on 26 February 2024
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On 26 February 2024 at 18:42
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Chartered Accountant
86505 Points Posted on 26 February 2024
Hospital is a service provider and hence disallowance u/s 43B(h) applicable for hospital also.
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On 26 February 2024 at 19:42

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