Interest on delayed payments to suppliers under msmed act
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 June 2013
Whether Interest is payable to Medium Enterprises for Delayed payments ?
14 June 2013
Yes.as per the act it is payable, but practically it is only provided in the books
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 June 2013
Thanks for the reply sir, My question was whether the interest is payable to Medium Category Enterprises, we are already paying for Small & Micro category enterprises
12 April 2020
Dear Sir, A medium unit is not eligible to get the benefit of MSMED Act as it is limited to only Micro and Small manufacturer or service provider.
Saurendra Rautray
Rautray & Co
New Delhi
9437008255
Saurendra Rautray
Rautray & Co
New Delhi
9437008255
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