Applicability of section 43B(h)
This query is : Resolved
21 March 2024
I am running a proprietorship business as Wholesale Trader of readymade garments & registered under MSMED as Mircro and having turnover of around 1.75crores. I purchased readymade garments from manufacturer of readymade garments who are registered under MSMED as Micro/Small Enterprise.
Whether Section 43B(h) is applicable to me and do i need to pay the manufacturer within 15/45 days?
Whether Section 43B(h) is applicable to me and do i need to pay the manufacturer within 15/45 days?
22 March 2024
Yes Applicable, You Need To Pay Within 45 Days provided there is written agreement otherwise 15 Days
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24 March 2024
Not applicable to you being a TRADER of goods.
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