New MSME Payment Rule Leads to Many Order Cancellations

Last updated: 30 January 2024

In a significant development for the assessment year 2024-25, the central government has implemented a new rule requiring buyers to settle payments for goods purchased from Micro, Small, and Medium Enterprises (MSMEs) within 45 days of delivery. Additionally, all outstanding dues to MSMEs must be cl

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Category Corporate Law   Report

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