Section 43b (h )

Is sec.43b(h) applicable to medium enterprises. If yes , then how applicable to AMC service contract .if service period is 12 months ( means whole service completed after 12 months )
Replies (4)
Quick Summary
This discussion clarifies that Section 43b(h) is indeed applicable to medium enterprises. The applicability to AMC service contracts, particularly those with a 12-month service period, hinges on the buyer's enterprise size. Payment calculations commence from the end of the contract period or its completion, whichever is sooner. It's important to note that the rule applies if the buyer is medium-sized, but not if the supplier is.

Yes, this section also applies to medium enterprises. It generally depends on the conditions specified in your contract. The calculation of the payment due starts from the end of the 12-month contract period or completion of the contract, whichever is earlier.

Ok, Thanks sir, But sir, I heard sec.43 b(h) apply only small & micro enterprises.

I think some confused my means If the buyer is medium-sized, then rule 43B(H) applies. However, if the supplier is medium-sized, then it does not apply.

Ok Lot of thanks , sir

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