HELLO
SHOULD WE CLEAR ALL PAYMENTS TO MSME BEFORE 31ST MARCH, 2024? OR THE RULE IS APPLICABLE FROM 1ST APRIL, 2024?
4 Replies
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 19 March 2024
The Rules is applicable from AY 2024-25.
Means, it's applicable in the FY 23-24. So, as on 31st March 24 clear the outstanding payment as per the act.
Means, it's applicable in the FY 23-24. So, as on 31st March 24 clear the outstanding payment as per the act.
Bindu
(CA Final Student)
(112 Points)
Replied 19 March 2024
The rule is applicable from A.Y 2024-25 i.e from 1.4.2023.
CA Rashmi Gandhi
(Chartered Accountant)
(86500 Points)
Replied 21 March 2024
Rule was applicable from 01.04.2023 and you have to clear all payments by 31 March 2024.
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