MSME Query urgent 1

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Accounts
106 Points Posted on 19 March 2024

HELLO

SHOULD WE CLEAR ALL PAYMENTS TO MSME BEFORE 31ST MARCH, 2024? OR THE RULE IS APPLICABLE FROM 1ST APRIL, 2024?

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On 19 March 2024 at 14:19 Report
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Quick Summary
This discussion clarifies the deadline for MSME payments. The rules are applicable from Assessment Year 2024-25, which means they are effective from the financial year 2023-24. Therefore, all outstanding MSME payments should be cleared by 31st March 2024 as per the act.

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"Do the Right Thing...!!!"
128157 Points Posted on 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.
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On 19 March 2024 at 17:13
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CA Final Student
112 Points Posted on 19 March 2024
The rule is applicable from A.Y 2024-25 i.e from 1.4.2023.
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On 19 March 2024 at 22:37
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Profession
28269 Points Posted on 20 March 2024
All payments means
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On 20 March 2024 at 11:09
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Chartered Accountant
86505 Points Posted on 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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On 21 March 2024 at 00:51

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