MSME Payment rule within 45 days

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The new rule for payment to MSME vendors within 45 days is applicable from 1st April 2024. But is this rule applicable to creditors outstanding as on 1st April 2024 or bills raised after 1st April 2024 to MSME vendors.

Replies (2)
It's applicable for the AY 24-25...
It's about financial year

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