MSME Payment rule within 45 days

CA Yash Dhadiwal (Assistant manager ) (16 Points)

18 March 2024  

The new rule for payment to MSME vendors within 45 days is applicable from 1st April 2024. But is this rule applicable to creditors outstanding as on 1st April 2024 or bills raised after 1st April 2024 to MSME vendors.