MSME late payment Intrest rate
kiran (accountant) (444 Points)
22 May 2020
what is rate of interest 19-20 for late payment to msme party.
2 Replies
Rajkumar Patel
(602 Points)
Replied 22 May 2020
Approx. 3times of reate of interest prevailing in Bank
suraj zanwar
(Student CA IPC / IPCC)
(352 Points)
Replied 23 May 2020
Interest is to be paid at three times the bank rate notified by the RBI.
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