Search result for 'payment rule'

SME Chamber of India urges Finance Minister to maintain the 45-day payment rule for MSMEs, citing its importance in supporting their financial health.

India's government may relax the 45-day payment rule for MSMEs in the upcoming budget, addressing concerns about delayed payments and potential sourcing shifts.

Representatives of the MSME industry have submitted recommendations to Finance Minister Nirmala Sitharaman for the Union Budget, focusing on financing, NPA classification, and the 45-day payment rule.

CAIT representatives met Finance Minister Nirmala Sitharaman demanding a year's deferment on the implementation of a clause in the Income Tax Act related to MSMEs payment rule.