Critical issues on MSMEs u/s 43B(h) of Income Tax Act | CA. Pramod Jain

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Namaste
Lots of queries are being raised on compliance of Section 43B(h) related to MSMEs effective from FY 2023-24. Sharing a video on 'Critical issues on MSMEs u/s 43B(h) of Income Tax Act' containing my views on the same.
Hope the video would be of use. Please share the same with businesspersons, too.
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Warm Regards
CA. Pramod Jain

Опубликовано:

19 авг 2024

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Комментарии : 199

@CA_Shravani 6 месяцев назад

Thanks a lot for the summary. It was more useful to understand along with disclosures.

@dhankanaka5271 4 месяца назад

Thank you for this video Sir❤

@DeepakKumar-tn2fl 6 месяцев назад

Thank you so much Ji, Sir, Entire Section was nicely explained

@ca.amitjain6823 7 месяцев назад

Thank you so much sir for your crystal clear thought on msme Traders not covered under Sec 43B(h).

@CAPramodJain 7 месяцев назад

Thanks a lot 🙏

@aditisharma6021 6 месяцев назад

Amazing informative knowledgeable as well as very used too in day to day life as an auditor or a businessman.

@AshokSharma-fr3lv 4 месяца назад

Great. Very concise and to the point. 🎉

@CAPramodJain Месяц назад

Glad you liked it

@devendersinghal3570 7 месяцев назад

Very nicely explained Sir

@h.jyothi2708 2 месяца назад

Great video sir. Thank you.

@CAPramodJain Месяц назад

Very welcome

@ksiyer1486 6 месяцев назад

Thank you so much Sir , much clarity brought in Sir.

@monikakhushwaha6096 6 месяцев назад

Very detailed explanation sir, thanks a lot for such insights 👍

@CAPramodJain Месяц назад

Always welcome

@naveengoyal5058 6 месяцев назад

Thank you very much sir, useful in reporting. आपके समझाने का तरीका बहुत ही अच्छा है।

@naveengoyal5058 6 месяцев назад

Sir, Small enterprises का defination से दोनों criteria पूरा करेगा तभी लागू है या कोई एक से भी?

@cskrishnegowdacauditorpcs9311 7 месяцев назад

Thank you for your clarifications, sir.

@neelamnaresh5808 6 месяцев назад

Well explained sir.. Thank you

@vishaljain3799 7 месяцев назад

Nicely explained in simple way

@VikasBhaleriwalaca 7 месяцев назад

Nice explanation sir, It will be very useful.

@mohangupta4422 6 месяцев назад

Great Sir 🙏🙏

@arunmaheshwari2856 7 месяцев назад

A very useful and easy to understand video

@udaynagwani9800 6 месяцев назад

Super Helpful Sir !

@showtimewithsamyak..7434 6 дней назад

Very useful

@kumarvn3275 6 месяцев назад

Great sir! Thanku

@banthiaumang 6 месяцев назад

Thank you sir 🙏🙏

@snehasishmohapatra7370 6 месяцев назад

Sir Thanks for such beautiful explanation. But sir some professionals are claiming that even micro and small enterprise not registered under MSMED Act are also covered in SEC 43B(h) of Income Tax Act and the MSMED Act is to be referred only for time limit for payment to facilitate the Govt 's main objective.

@CAPramodJain 6 месяцев назад

Buyer cannot determine itself

@ca.mitalshah6835 7 месяцев назад

SUPERB SIR👌👌👌

@caprashantkhandelwal558 6 месяцев назад

thank you sir

@CAPramodJain Месяц назад

Most welcome

@caoffice5355 7 месяцев назад

Thanks

@rakeshsoni5420 6 месяцев назад

Please clarify If goods purchased are not consumed and lying in stock i.e. expense is not booked Whether disallowance will be made

@CAPramodJain 6 месяцев назад

Yes.. as expense is claimed by debating to PL

@kiranvarade3491 7 месяцев назад

Capital payment hold as per PO terms 10% against BG but msme supplier not provide BG as per po teems. In that cases Intrest payable to msme supplier

@Hlallwani 6 месяцев назад

❤❤

@deepaklohia635 5 месяцев назад

if we are not claiming deduction we are not offer income it will be debited to WIP , and after three year it is offered for tax

@cashivkumargupta4759 6 месяцев назад

Sir please guide..... is section 43B(h) applicable only on revenue expenses or applicable on capital expenditure also?

@CAPramodJain 6 месяцев назад

Revenue only

@cashivkumargupta4759 5 месяцев назад

Thanks sir

@atulmehta470 6 месяцев назад

Micro and small enterprice as register under MSME are covered by provision of section 43B(h) or any other non MSME registered enterprice qualifying investment n to criteria will also covered by Section 43B(h)

@CAPramodJain 6 месяцев назад

In my view only registered

@CAyashpanjwaniji 6 месяцев назад

In my view registration is not mandatory

@priyanshukabra14 6 месяцев назад

Any clarification on registration weather every Firm meeting threshold limit or only firm registered under Msme comes under preview

@YourCAfriend_Ashish 6 месяцев назад

We have seen notices when 40a(ia) was reported in 3CD but was not disallowed in ITR.

@virat_g8986 6 месяцев назад

Is it applicable on 44AD or 44 ADA retun .. as per my understanding, it is not applicable... As 43 B was already there.. The only change is, new clause is added

@CAPramodJain 6 месяцев назад

U are right sir

@nidhigarg3879 5 месяцев назад

As per the amendment made by Finance Act, 2023 in section 44AD/44ADA, "amount or aggregate of amount received during the previous year in CASH, does not exceed 5% of the total turnover or gross receipt of such previous year". Here, cash receipts only on account of sales is to be considered as we are taking 5% of turnover only. This amendment is not in line with the amendment prescribed under section 44AB. Please clarify sir.

@lakshay875 6 месяцев назад

Very insightful video sir, just one query, if an entity makes the payament after 15/45 days to a vendor and vendor decides not to charge the interest in that case 1. Do the tax/stat auditor of the entity needs to ensure that the interest is charged and the same is disallowed. 2. If yes, do we as an auditor need to scrutinize the ledger of each MSME (small & micro) vendor to check if the penal interst is charged on the delayed payament. Thanks in advance. Regards

@CAPramodJain 6 месяцев назад

Auditor is required to report as this would be a violation of s. 16 of MSMED Act, which is superseding any agreement

@naveengoyal5058 6 месяцев назад

Sir, Small enterprises का defination से दोनों criteria पूरा करेगा तभी लागू है या कोई एक से भी?

@CAPramodJain 6 месяцев назад

Both

@user-ty9ou9sn2o 6 месяцев назад

@pramod Sir What if half payment made to MSE in FY 23-24? Will half will be allowed as expense in the FY 23-24 ?

@CAPramodJain 6 месяцев назад

Yes

@sahilsanghi8350 5 месяцев назад

Hello Sir, whether 43B(h) is applicable where the recipient of services is a Trust?

@sushiljain5812 6 месяцев назад

Guidance Note should be issued by ICAI. Secondly, ICAI may try in pre-budget memorandum and seek a clarification from Govt in section 43B(h) so that litigation is avoided.

@CAPramodJain 6 месяцев назад

ICAI would give guidance for Tax audit in its guidance note

@jyotinankani5638 6 месяцев назад

Sir if we have not made payment within 45 days on purchases in 2023-24 ... If we made the same before 31/3/24...the same will be not be disallowed u/s 43b(h)

@sushiljain6508 6 месяцев назад

@@jyotinankani5638 If you make payment before March 31, 2024, expenditure shall be allowed and no disallowance u/s 43B(h)

@pakshalchoudhary4435 6 месяцев назад

Sir I am msme trader and we supply goods in msme small or micro manufacturer but wo 45 days me payment nahi karta to wo uske income me add hogi ??

@CAPramodJain 6 месяцев назад

No.. as u are trader

@raghunathachrekar1736 6 месяцев назад

Whether traders are eligible

@ajay1301 6 месяцев назад

Thank you for the informative video. A question though. Suppose I am a trader registered under Udhyam aadhar (For availing benefits of Priority Sector Lending(PSL) ONLY). And my debtors are registered Udhyam Aadhar manufacturing units. Do they have to follow the rule of payment within 45 days ??

@CAPramodJain 6 месяцев назад

No.. u being trader.. would not get benefit of MSMED Act

@cahardeepsingh5635 6 месяцев назад

Sir an enterprise which is doing both manufacturing and trading activities therein And when got registered under MSME, it mentioned primarily as Manufacturer and also trading activities Now for compliance purposes, can we say creditors out of trading activities are not to be considered for disallowance

@cashivangiagrawal5834 5 месяцев назад

Did you get your answer for this?

@cabijoscaria3763 6 месяцев назад

Sir, Good explanation. 44AD says deduction 30 to 38 deemed to be allowed. Whether 43B(H) disallowance can be triggered in 44AD?

@CAPramodJain 6 месяцев назад

No.. its notwithstanding section 28 to 43D

@atulmehta470 6 месяцев назад

If any body filing return u/s 44AD yet disallowance u/s 43B(H)

@CAPramodJain 6 месяцев назад

@user-wd2vm9ij9l 6 месяцев назад

Is it applicable on trust where expenses are only allowed on Payment basis as per the IT Act

@CAPramodJain 6 месяцев назад

No, there its about application not expenditure

@jitendragandhi5761 7 месяцев назад

In S. 43B(h) the wordings are Micro or Small entities and not registered Micro or Small entities . The question is whether the provision will be applicable to Unregistered entities?If not , how?

@CAPramodJain 7 месяцев назад

No.. as for applicability of MSME... they have to register .. their memorandum

@jitendragandhi5761 7 месяцев назад

Thanks CA. Pramodbhai. Still I am confused. For applicability of MSME Act provisions, memorandum is required to be registered but for category of MSME one may have to decide as per definition under the Act and based on criteria enterprise will be classified as Micro or Small irrespective of its registration.I humbly request you to share your comments on this at your earliest convenience .

@naveensinghal6870 7 месяцев назад

It is not written in sec 43b(h) ...that only registered person will be covered in this section

@CAPramodJain 7 месяцев назад

@jitendragandhi5761 for the applicability / taking benefit of Section 15 of the MSMED Act, he has to comply with other provisions of the MSMED Act too.

@jitendragandhi5761 7 месяцев назад

Thanks CA. Shri Pramodbhai.

@manishjain8080 6 месяцев назад

Sir momerarandan of finance bill shows that this law 43B(h) will commence from 1/4/24,& next it is written AY 24-25 .IS THERE A PRINTING MISTAKE .

@CAPramodJain 6 месяцев назад

No.. Income Tax Act provisions are like this only... in this case when it says 1.4.2024, then it's AY 2024-25 I.e., FY 2023-24

@user-mq1ef5ih2b 6 месяцев назад

Sir, in 2019 applied for udyam when firm was under small category , hence udyam registration was under snall category...Now turnover is 60 Cr ...Will firm still be small?

@CAPramodJain 6 месяцев назад

No, it would be medium

@MaheshM-dx8mt 6 месяцев назад

If the creditor was regd under msme when turnover was 10 crores and now it has increased to 100 crores, how will the party purchasing will know the creditor's T.O as in reality the msme benefit should not be enjoyed by the creditor And we should not be hit by 43B(h) if payment is not made within schedule time to such creditor

@ankitmaheshwari1641 6 месяцев назад

Sir today heard The seminar of Nitin Kanwar sir, your views are very different to him. Now very much confused on this topic

@nareshpunjabi4337 4 месяца назад

EVERY CA ARE GIVING PERSONAL OPINION STILL GOVERNMENT HAS NOT CLARIFIED ON THIS AND FROM HERE THE GAME STARTS ❤ NO ROCKET SCIENCE 🎉 JUST CLEAR YOUR SUPPLIERS DUES BEFORE 31ST MARCH EVERY YEAR

@dasskhannaco9966 6 месяцев назад

Assessee makes purchase of capital Asset from A MICRO Enterprises registered under MSME DEVELOPMENT ACT,2006 AND DOES NOT MAKE PAYMENT WITH IN 45 DAYS FROM DATE OF PURCHASE . PLEASE CLARIFY WHETHER DEDUCTION OF DEPRECIATION TO BE DISALLOWED UNDER PROVISION OF SECTION 43B (h).

@CAPramodJain 6 месяцев назад

No it would not be disallowed

@ameya1400 6 месяцев назад

Sir, Few days ago in a interview I gave, I was asked -- What is the due date u/s 43B? I did not understand the question at first, date specified u./s 139(1) is not the correct answer. Could you please explain the question to me and tell what the answer is?

@CAPramodJain 6 месяцев назад

Plz go through this video and s. 15 of MSMED Act

@siddhantmakhija5697 6 месяцев назад

Sir... Can you please explain if Invoice is of 20th March 2024 so due date is not till 31st March 2024 and Payment made on 20th May 2024 i.e after 45 days.. Is it allowable expense in 2023_24 or will be disallowed?

@CAPramodJain 6 месяцев назад

Disallowed in 2023-24 and allowed in 2024-25

@caminkalgupta427 7 месяцев назад

A traders buys from manufacturer, is trader required to pay within 45 days to manufacturer.....?

@CAPramodJain 7 месяцев назад

Yes, if he registered in MSMED Act

@nikunjsikaria3452 6 месяцев назад

If a trader is not registered under MSMED Act?

@uvfolderkingindia 7 месяцев назад

👌👌

@designcompany5898 6 месяцев назад

What will happen if that purchase is not part of "Cost of goods Sold" but a part of closing stock ? I am asking because since it is not a part of my COGS, hence I have not taken deduction against it, so why it will be added to my net profit ??

@CAPramodJain 6 месяцев назад

You have taken the deduction by debiting it to PL .. so applicable

@fema9572 7 месяцев назад

One query: Where out of the contractor's bill, performance retention money of say 10% is retained for say 3 months, whether the provision will get attracted on that retained amount.

@CAPramodJain 7 месяцев назад

Would depend on the contract terms

@abhishek2jhaveri 6 месяцев назад

Sir need liitle bit clarification that traders only get lending benefits not 45 days law??

@CAPramodJain 6 месяцев назад

Yes plz.. what u stated is correct

@kishorshah8166 6 месяцев назад

If assessee not giving msme details of their suppliers then?

@CAPramodJain 6 месяцев назад

Report accordingly in audit report

@AivarTax 6 месяцев назад

Respected Sir, Advance Payment made to Creditors - Whether shall we avail as deduction? If yes in which column of ITR we should show?

@CAPramodJain 6 месяцев назад

No deduction claimed... hence no disallowance plz...

@AivarTax 6 месяцев назад

As per Section 2(n)(iii) Supplier includes any company, co-operative society, trust or a body, by whatever name called, registered or constituted under any law for the time being in force and engaged in selling goods produced by micro or small enterprises and rendering services which are provided by such enterprises; That means Trader also comes under Sec. 43B(H)... Am I right sir?

@CAPramodJain 6 месяцев назад

No, only if company, cooperative society engaged in supplies of goods manufactured by micro and small enterprises... Prop. Partnerships, LLPs... supplying such goods not covered

@CAPramodJain 6 месяцев назад

Further s. 43B(h) is for micro and small enterprises and not suppliers

@AivarTax 6 месяцев назад

Thank you sir

@ishwinderpalsingh2958 7 месяцев назад

Sir why it is written "irrespective of the previous year in which the liability to pay such sum was incurred by the assessee according to the method of accounting regularly employed by him" in 43B(h). By this opening balances will not also get covered?

@CAPramodJain 7 месяцев назад

Because only the deduction claimed for which ITR is filed... liability to pay may incur in any year... year of claiming deduction is important

@nikunjsikaria3452 6 месяцев назад

Sir if a trader is not registered under MSME does he have to make payment within 45 days to MSME manufacturer

@CAPramodJain 6 месяцев назад

Yes

@ashishbhalotia-pm3tp 5 месяцев назад

Section 43B(h) is not applicable on non-overdue outstanding of Micro and small enterprise at the year end. No need to see whether such non-overdue outstanding has been paid in next year either within or beyond the due date.

@amitsaini4092 6 месяцев назад

Sir is it applicable for the F.Y:- 2023-24 or F.Y:-2024-24?

@CAPramodJain 6 месяцев назад

FY 2023-24

@jaindolly8294 6 месяцев назад

Sir I m not registered in msme But my supplier is registered 43b h applicable and how when I m not registerd

@jaindolly8294 6 месяцев назад

@CAPramodJain 6 месяцев назад

It is about supplier's registration and not the receiver

@ravidattbhatt1871 6 месяцев назад

Sir is this applicable to performance amount with held as per contract say 5% for 6 months.

@CAPramodJain 6 месяцев назад

Depends on contract, what is the service pending, if none, then applicable

@cabhaveshjain7242 6 месяцев назад

Sir plz clarify is 43bh is applicable to msme registred traders or not... ? And also explain the traders of psl .. then what is psl this case

@CAPramodJain 6 месяцев назад

Not applicable... have mentioned the same with reason in the video itself plz 🙏

@namankdokania3336 6 месяцев назад

provisions booked in pl account will also be disallowed?? like audit fees, accounting fees etc

@CAPramodJain 6 месяцев назад

No, invoice after receipt of services would be covered

@manishjain8080 6 месяцев назад

Sir 1 question.i.e if .payment of 10 lac to msme is not done .then 30% income tax will have paid.that is 3 lakh income tax to be paid.now where. This 3 lac to be shown is balance sheet ,will it reflect in advance income tax .as actually 10 lakh income is not generated,& therefore capital is also not increased by 10 lakhs ,then where this 2nd credit entry to be shown.as we studied double entry system in class 11th accounts .we have debit one ,& credit one .simple law of accounts.please give a perfect answer.

@manishjain8080 6 месяцев назад

Please reply

@CAPramodJain 6 месяцев назад

It is tax for the year, it's not refundable plz.. entry is income tax debit and bank credit

@manishjain8080 6 месяцев назад

@@CAPramodJain sir if it tax for the year then how can we claim next year .please all CA, confirm from income tax department.

@manishjain8080 6 месяцев назад

@@CAPramodJain actually it is not tax for the year( as there is no actual income) nor it is penalty ,because you said we can claim next year when we will make payment of those outstanding bills .I think government is not a fool to levy such illogical act.

@manishjain8080 6 месяцев назад

@@CAPramodJain sir what is meaning of income tax .income tax means you pay tax to government on income you earn in a financial year.then how can payment not made to msme can be added to you income & tax to be paid on it.sir there is some misunderstanding by all ca's .please confirm with finance minister .

@piyushchande5942 7 месяцев назад

Sir, will U pls clarify that it is applicable to all Business or professional, irrespective of GTO and Net Income, e.g. GTO 10L & Net income 1L , whether 43B(h) is applicable??????

@CAPramodJain 7 месяцев назад

Yes unless it opts for 44AD or 44ADA

@user-bq8um5do6d 7 месяцев назад

This is not applicable on traders from whom we procure material?

@CAPramodJain 7 месяцев назад

No.. not on them

@Sowmya-we2nz 6 месяцев назад

Thank you for the guidance sir. Especially for the clarification regarding traders registered under MSME. Sir is there any way to download that office memorandum

@CAPramodJain 6 месяцев назад

Download from MSME website

@ramkapoor6542 6 месяцев назад

Hi sir i am a msme, one of my party didn’t cleared October bill yet its been more than 90 days can i charge them interest! No contract-has been made before billing!

@CAPramodJain 6 месяцев назад

Yes, you can

@KrishnaAgarwal-wr3bm 6 месяцев назад

traders are excluded in 43B but do we get the benefit of 45 days payment ?

@CAPramodJain 6 месяцев назад

No... they get benefit of only priority sector lending interest rates and terms

@sajjadmalitya4224 6 месяцев назад

Sir if msme certificate is not taken by my supplier but is manufacturer of readymade garments and falls under small category by msme classification then will this section be applicable?

@CAPramodJain 6 месяцев назад

In my view no

@atulmehta470 6 месяцев назад

Sir What is meaning of agreement? Is any separate agreement rewired for payment term and condition or credit period mention in invoice will treated as an agreement? PL guide. Thanks in Advance. CA A G Mehta

@CAPramodJain 6 месяцев назад

Credit period mentioned in invoice accepted by buyer too would be an agreement

@namanmaheshwari8661 6 месяцев назад

Sir whether constructive payment like 1. counter sale from MSME purchaser or 2. creating loan account of MSME purchaser by book entry can be taken as actual payment for 43(B)(h), if yes how and if no why

@CAPramodJain 6 месяцев назад

No, it will not

@namanmaheshwari8661 6 месяцев назад

@@CAPramodJain Thank you sir 🙏

@chhayafoundation8666 7 месяцев назад

Pls define appointed date

@CAPramodJain 6 месяцев назад

It is as per section 2(b) of MSMED Act

@mananmehta9848 6 месяцев назад

What is I as a businessman made a purchase of 1 cr on 1st May, and make the payment to the Msme vendor on 1st july, roughly 60 days later, will the entire 1 cr be disallowed forever or will it be allowed?

@CAPramodJain 6 месяцев назад

As it is paid within same year, hence would be allowed but if the dates are 1st March and 1st May, whole 1 Cr would be disallowed

@kishorshah8166 6 месяцев назад

Is differed tax assets provision required?

@CAPramodJain 6 месяцев назад

Very Apt.. yes.. deferred tax provisions apply

@kandhukuriprashanth1634 6 месяцев назад

What is the effective date of implementation?

@CAPramodJain 6 месяцев назад

The MSMED Act since 2006 and 43B(h) since FY 2023- 24

@santoshkumar-vu7ji 6 месяцев назад

nice video sir can i get link of the notification dated 2.7.21

@CAPramodJain Месяц назад

Thank you

@ravipoorit 7 месяцев назад

Thank You so much sir....One More Query...Whether Amount outstanding for Purchase of Fixed Assets would be disallowed under this provision or not?

@CAPramodJain 7 месяцев назад

No, as no deduction claimed

@bharatchhabra6354 6 месяцев назад

But agar sir Fixed Asset par Depreciation claim kar rhe hai and 45 days se jyada ho gye hai and payment pending hai to depreciation allow hoga ??

@CAPramodJain 6 месяцев назад

@@bharatchhabra6354 depreciation is an allowance... not expenditure plz

@arivae2016 4 месяца назад

Wat about out outstanding balance before 31/3/24 this vll come under this rule or that we can do payments slowly n do all new invoice payment with in 45days ????

@dhankanaka5271 4 месяца назад

Already explained in the video itself.

@sourabhdhawan1990 6 месяцев назад

Sir My udyam certificate categorises my co as small due to sale data of FY 21-22 being less than 50 crore But sale of my company in FY 22-23 is more than 50 crores. So will my co status be judged based on Udyam certificate i.e. small or based on FY 22-23 sale i.e. medium. Kindly guide.

@CAPramodJain 6 месяцев назад

Medium

@sourabhdhawan1990 6 месяцев назад

Thank you sir

@SunilSharma-qo5zc 7 месяцев назад

Is any portal where we can check msme vendor , at present portal msme vendor not showing on portal

@CAPramodJain 7 месяцев назад

No.. currently not to my knowledge... the buyer should do his diligence

@rakeshsoni906 7 месяцев назад

Sir the link to verify at MSME portal is Link is udyamregistration.gov.in/Udyam_Verify.aspx. However there is no option to verify names of unregistered MSME entities. ICAI should approach GOVT to give option for verification of the same.@@CAPramodJain

@rakeshsoni906 6 месяцев назад

Sir there is link for verification of the status.The Link is udyamregistration.gov.in/Udyam_Verify.aspx. But there is no way to confirm the status of non MSME concerns which I propose that ICAI should follow with GOVT to provide window on MSME portal with the name of the concern, whether it is registered or not.@@CAPramodJain

@balajidurai2540 6 месяцев назад

Since the deduction is allowed on payment basis if a company makes the payment on or before 31st March the expense will be allowed. What I don't understand is that the very purpose of this provision is getting defeated by this. eg if purchase is made on ,let's say, 1st July 2023 and the payment is made on 30th March it will still be allowed though the 15days/45days provision is clearly not adhered to. Am I missing something?

@CAPramodJain 6 месяцев назад

In this case interest is payable on delayed payment

@balajidurai2540 6 месяцев назад

@@CAPramodJain Thank you for the clarification

@KrishnaAgarwal-wr3bm 6 месяцев назад

traders are excluded this is very bad..

@syeedurrahman8941 4 месяца назад

Hi sir, I have registered my firm in msme. I sell goods to unregistered local stores ( not having even gstin of their store) . If I don't receive payment from them on time can I file a complaint. Please answer. Thanks & Regards, Syeedur Rahman

@syeedurrahman8941 4 месяца назад

Msme Rule 43b will it be applicable for above scenario.

@casainivinod 7 месяцев назад

If purchase made in 30th March and payment is not done till filing of itr, then is allowed or not?

@CAPramodJain 7 месяцев назад

Not allowed

@casainivinod 6 месяцев назад

Thanks Sir @@CAPramodJain

@kamalshadija1048 6 месяцев назад

Thnx sir for explaining this very important change in Income tax rules.

@guptarakesh 6 месяцев назад

sir, the burning issue is that despite sections 15 to 23 of MSME act, still buyers are not adhering to these and violate the act. Most these are being violated by MNC entities where they have formed their own rules and have no respect to Indian laws.

@CAPramodJain 6 месяцев назад

This change will make them comply

@guptarakesh 6 месяцев назад

@@CAPramodJainI don't think so that this will make them change. What I've experienced hardly 1% of MSC actually respect Indian Laws and rest try to mend. When an MNC delay payment and post payment they start asking an Indemnity from Vendor that Vendor will not claim Interest. THen how they will comply. MNC even if they have agreed to 45 days payment but still never pay within this time period.

@ajeeshkk9015 6 месяцев назад

Who are liable to pay within prescribed period. If the buyer is MSME registered trader, those traders has to pay within 15 days? Pls reply

@CAyashpanjwaniji 6 месяцев назад

Buyer liable rahega If supplier small or micro h or msme mai register h

@CAyashpanjwaniji 6 месяцев назад

Traders per ye rule applicable nhi h supplier k case m

@hiteshparmar5807 6 месяцев назад

Sir if any company cancel there MSME certificate then they come in this rule ?

@CAyashpanjwaniji 6 месяцев назад

Msme registration is not mandatory for this.

@shashankMittal 6 месяцев назад

Msme ke sath business band karo😂😂 what if govt. Make mandatory for msme registration for all business entity.

@JMD80 6 месяцев назад

Sir Not everyone understands English.. If possible and do not feel guilty, please speak in Hindi. Regards

@CAyashpanjwaniji 6 месяцев назад

But you know English, right? 😅

@JMD80 6 месяцев назад

@@CAyashpanjwaniji Yes, my assistant told me to understand the lecture of this channel in English and explain something new to us, if it was in Hindi then he would not have talked to me and would have understood and implemented it himself, 7 days ago I told this section to my team, but they found something new in it, they asked me to watch this video n explain the lecture No doubt very well explained by sir...

@CAyashpanjwaniji 6 месяцев назад

@@JMD80but abhi bhi aapka doubt clear nhi hua hai 💯 because agar manlo 31st March limit h and mai 25march ko purchase Kiya to 15 days or 45 days hone ka koi chance hi nhi h.2nd point msme mai register hona compulsory h esa khi nhi likha h 3rd point ye h ki trader's isme aate h ya nhi ye bhi khi nhi likha h .....or bhi points h🤦😁

@JMD80 6 месяцев назад

@@CAyashpanjwaniji ji.. But hame to safe side chalna he..ji is qtr me..

@CAyashpanjwaniji 6 месяцев назад

@@JMD80 Yes. We have to walk right from our side. 👍😁