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Section 43b (h )

28 June 2024

Is sec.43b(h) applicable to medium enterprises. If yes , then how applicable to AMC service contract .if service period is 12 months ( means whole service completed after 12 months )

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CA Anoop Kumar Sharma (Accounts Manager) (2065 Points)
Replied 28 June 2024

Yes, this section also applies to medium enterprises. It generally depends on the conditions specified in your contract. The calculation of the payment due starts from the end of the 12-month contract period or completion of the contract, whichever is earlier.

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Rajkumar Gutti (591 Points)
Replied 28 June 2024

Ok, Thanks sir, But sir, I heard sec.43 b(h) apply only small & micro enterprises.

CA Anoop Kumar Sharma (Accounts Manager) (2065 Points)
Replied 28 June 2024

I think some confused my means If the buyer is medium-sized, then rule 43B(H) applies. However, if the supplier is medium-sized, then it does not apply.