If firm is registered as MSME then payment can be made in 60 days if mutually decided?
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Quick Summary
This discussion clarifies the payment timelines for businesses registered under the MSME scheme in India. If no specific payment period is mutually agreed upon, the payment is due within 15 days. If a period is mutually decided, it must be within 45 days. The conversation also addresses some confusion and unhelpful responses regarding these regulations.