MSME new circular 43 b (h)

Others 638 views 10 replies
MSME 15/45 days payment to creditors rules applicable for only micro and small or also applicable for medium enterprises
Replies (10)
Applicable to Micro and Small sectors only.
Not applicable for Medicum enterprises
Originally posted by : CA Rashmi Gandhi
Not applicable for Medicum enterprises

What about in the first reply...??

 

Is that correct or wrong...??

Absolutely correct.
Originally posted by : CA Rashmi Gandhi
Absolutely correct.

Then why You can't appreciate/agreed the previous correct replies in any of the queries/forums/experts...

 

 

Agreed but I confirmed my view , one more thing I generally agreed with you in most of the cases and never ever contradict your replies then why you thought like this.
No, No... Don't take it as wrong... It's just asking You only, also not asking any others.
Bcoz, We will accept every correct replies by others.
Will take care next time.

Section 43B(h): Understanding Its Impact on Businesses & Addressing FAQs

Section 43B(h) of the Income Tax Act, a provision introduced in the 2023 Finance Bill, has generated significant confusion among companies engaging with Micro and Small Enterprises due to its intricate stipulations. In this explanatory guide, we aim to untangle some of the knotty issues posed by this section by addressing commonly posed queries and furnishing lucid direction for businesses collaborating with MSEs. While deciphering its fallouts requires unraveling convoluted threads, we hope that this article begins to disentangle the complex new realities businesses face in partnering with MSEs under the new tax code. 

What is Section 43B(h) and Why Does it Matter?

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Our company is registered under the Small category in Udyam. As the vendor also falls under the same category, payments must be released within 45 days in accordance with MSME guidelines.

 


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