Section 43B(H) Amendment


Quick Summary
This document explains the amendment to Section 43B(H) of the Finance Bill 2023, focusing on timely payments to Micro and Small enterprises. It clarifies the definitions of Micro, Small, and Medium enterprises based on investment and turnover, and outlines the payment timelines as per the MSME Act. The guide is useful for businesses needing to understand their obligations regarding payments to suppliers to avoid penalties.

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Section 43B(H) amendment #pdf
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