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MSME Query urgent 1

Announcement 494 views 4 replies

HELLO

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

Replies (4)
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.
The rule is applicable from A.Y 2024-25 i.e from 1.4.2023.
All payments means
Rule was applicable from 01.04.2023 and you have to clear all payments by 31 March 2024.


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