IN MSME ACT CHEQUE DATE 31.3.2024 THIS PAYMENT AGAINST OF PURCHASE OF FY 2324 AND SUPPLIERS IS REGISTERED UNDER MSME ACT CAN THIS PURCHASE ALLOWED AS EXPENSES OF FY 2324
Replies (2)
Quick Summary
This discussion concerns the eligibility of expenses under the MSME Act 2006. Specifically, it questions whether a purchase made on 14.02.2024, with a cheque payment dated 31.03.2024, can be claimed as an expense for the financial year 2023-24, given the supplier is registered under the MSME Act.