Payment Terms
This query is : Resolved
13 November 2008
What is the payment terms(period)when goods are purchased for Micro & Small enterprises after which compound interest will be levied.
13 November 2008
THirty days.
17 November 2008
Liability of buyer to make payment - period
90 days (Previous act)
45 days (Change as per MSMED Act)
90 days (Previous act)
45 days (Change as per MSMED Act)
17 November 2008
Rate of interest payable on outstanding amount:
Compound interest with monthly rests, at 1½ times bank rate (Previous Act)
Compound interest with monthly rests, at 3 times bank rate (Change as per MSMED Act)
Compound interest with monthly rests, at 1½ times bank rate (Previous Act)
Compound interest with monthly rests, at 3 times bank rate (Change as per MSMED Act)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Import license renewal
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
