MSME Payment Compliance: 45-Day Rule, Interest & Tax Impact
MSME Payment Compliance Delayed payments to Micro, Small and Medium Enterprises (MSMEs) have become one of the most litigated and financially punishing compliance issues for Indian businesses. Under the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, any buyer who fails to pay a registered MSME supplier within the statutory timeline becomes liable not […]