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MSME new circular 43 b (h)

09 February 2024

MSME 15/45 days payment to creditors rules applicable for only micro and small or also applicable for medium enterprises

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9 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 09 February 2024

Applicable to Micro and Small sectors only.

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CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 09 February 2024

Not applicable for Medicum enterprises

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 09 February 2024

Originally posted by : CA Rashmi Gandhi
	Not applicable for Medicum enterprises

What about in the first reply...??

Is that correct or wrong...??

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 09 February 2024

Absolutely correct.

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 09 February 2024

Originally posted by : CA Rashmi Gandhi
	Absolutely correct.

Then why You can't appreciate/agreed the previous correct replies in any of the queries/forums/experts...

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CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 09 February 2024

Agreed but I confirmed my view , one more thing I generally agreed with you in most of the cases and never ever contradict your replies then why you thought like this.

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 09 February 2024

No, No... Don't take it as wrong... It's just asking You only, also not asking any others.
Bcoz, We will accept every correct replies by others.

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CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 09 February 2024

Will take care next time.

1 Like

VIRAAJ VASHISHTH (81 Points)
Replied 12 February 2024

Section 43B(h): Understanding Its Impact on Businesses & Addressing FAQs

Section 43B(h) of the Income Tax Act, a provision introduced in the 2023 Finance Bill, has generated significant confusion among companies engaging with Micro and Small Enterprises due to its intricate stipulations. In this explanatory guide, we aim to untangle some of the knotty issues posed by this section by addressing commonly posed queries and furnishing lucid direction for businesses collaborating with MSEs. While deciphering its fallouts requires unraveling convoluted threads, we hope that this article begins to disentangle the complex new realities businesses face in partnering with MSEs under the new tax code.