Complete details of Section 43 B (h) of Income Tax Act on Timely Payment to MSMEs.

This is the complete details on Section 43 B (h) of the Income Tax Act.
bit.ly/section43bh
According to Section 43 B (h) of the Income Tax Act If payment to Micro & Small Enterprises is not made in specified time, the default amount shall be added to the taxable income of assessee in the Previous Year and the assessee has to pay the tax on such amount. The assessee may then claim the deduction in the Previous Year in whch it will make the payment to the MSE..
The Specified time is mentioned under Chapter V of the Micro Small and Medium Enterprises Development Act 2006 from Section 15 to 24.
#delayedpaymenttomsmes #delayedpaymenttomsme #delayedpaymenttomsmesand#section43b(h)#section43b(h) #section43bh #sec43b(h) #section43b(h)kyahai#msme#paymentrecovery#incometax#appointedday#Delayedpayment

[@unknown-sz9yg]

खून पसीने की मेहनत का खुद के पैसा लेने में चक्कर लगाना पड़ता था,, सरकार को धन्यवाद की इस रूल से सुकुन की नींद ले सकेंगे

[@harry-ne7fo]

💥💥sabhi dost jinhe 2 Feb. ka invitation mila h woh apni i.d or time se apne meeting m pahuche. ku ki ye important meeting hai. 30000 hazar logo m 3000 hazar logo ko hi invitation mila h. acha platform hai knowledge or kamai ka bhi. good luck for evefy one.... 👍👍

[@MSMEHelpline]

Great.

[@MSMEHelpline]

Great

[@harry-ne7fo]

thnx sir❤🙏🙏

[@neetumishra487]

Mera bhi invitation aa gya h to directly aa skta hu kya? Ya koi call bhi aayegi please reply....

[@ramniwasjat7609]

Mara nhi aaya h sir

[@Veerendraspal]

इस msme py 15- 45.नियम लागू हो जानें से बहोत अच्छा हुआ चार महीने बाद जो pymnt मिलता था अब फटाफट हो रहा है so am really happy for this msme rules

[@rajabconstructionco.9973]

Very good information helpful and great advice excellent explanation amazing knowledge useful valuable video thanks you God bless you always sir respected Mr Mukesh mohon gupta sir jai hind 🇮🇳 jai bharat 🙏🇮🇳🇮🇳🙏

[@MSMEHelpline]

Always Always so kind.

[@piyushpoddar5491]

I AM A MSME TRADER. My purchases are from majorly MSME Manufacturing parties.... So main kharidon 45 days terms mein aur bechun 4 -5 mahine ki udhari mein??? Itna margin bhi nai hai ki bank se loan lekar interest pay karun....Our current Government has absolutely 0 knowledge of economic affairs...

[@MaksoodKhanSinger]

ho jayega to sabko achha rahega koi kisi ko paymt nhi rukega credit lena band..

[@Kavita_karm]

Good morning sir 🙏,I will come next day training met. Heartily thanks sir

[@SameerAnsari-gh9sh]

Your Are Great, Thank You Sir.

[@pradyut003]

Very informative video. Thank you for sharing knowledge between us

[@kiranraj9517]

Nicely Explained. Thanks

[@pramodagarwal3229]

सविनय प्रणाम आदरणीय मुकेश साहब 🙏

[@MSMEHelpline]

Thanks

[@yogeshshinkar4809]

Thank u sir I am ready to my dehli journey

[@sushilgupta592]

Bahut acchi Jankari thank u so Mach sar

[@madhavtewary2932]

Very well explained video sir

[@fmssr-iw3jm]

Very good explanation Sir Love you Ji

[@arifmohammed7810]

Good info in simple language

[@anandamanna2276]

Very nice

[@atul58]

How do we know whether my supplier is registered as micro/ small / medium enterprise

[@vijaychaudhary757]

Thanks sir bahut Dhanbad ji

[@rahuldhalaria8932]

very good sir g

[@vishnumalgaonkar4223]

Govt. taking services from private MSME but not making payment in time. Due payment pendency is more than 1 to 2 years. Pl. suggestions.

[@ashokathawale1801]

Thank you very much sir

[@SunilKumar-hq9cn]

Gread content.. for msme's... 100 share done. 🎉

[@atulshah2446]

The buyer is a cooperative housing society that does not make payments, than as a Micro &Small enterprise will I get benefits?

[@vikasprajapat4044]

Aacha niyam hai

[@harshesh2104]

Sir MSME to msme bhi yeh 45 days ka rule apply hoga kya?

[@user-gl4kx3ge7d]

feeling very happy for getting invitation card on Feb 2. Thank you very much sir

[@ravi3767]

From where to download this

[@shyamlohiya120]

Thanku bhai sahab

[@SumanSharma-yb6sk]

Thank you, Sir

[@eagleautomation4773]

Sir. Very nice interpretation. Kindly inform whether MSME ACT 2006 , is applicable to PSUs and govt depts. Buying from MSME and not paying in time to MSME Suppliers. Kindly guide in view of Supreme Court judgement in case of Shilpi industries

[@mumtazhasan8171]

15 to 45 days payment me book clear honi hai ya bank clear.

[@satyanarayanjoshi2338]

Sir. Payment delayed की शिकायत msme में कहाँ और कैसे करें

[@user-kj2jd1ys3h]

This will help msme to getbthe payment, I have micro to small scale business and we find it very difficult to recover payments from certain buyers not every one is same though .hope by this customer clears my payment which is stuck for 3 years amounting to over 10lacs

[@veru2204]

Thanks 👍👍👍

[@user-yq7ll4hz5u]

Jay ho ❤

[@MSMEHelpline]

Thanks

[@omigujjarbestgujjar7024]

Sir transport ke kaam ke liye MSME REGISTRATION ki jarurat hai kya?

[@mothernaturebeautymeditati4159]

Sir, mera ek sawal hai. Yadi koi msme supplier railways,govt ko goods supply karta hai par msme supplier ko payment 3-4 months baad mai mili tab kya rule sarkar ke upar bhi lagu hogi kya?

[@naishadhpatel6083]

सरकार को पैसा चाहिए हर हाल में

[@user-yq7ll4hz5u]

❤

[@vikasaggarwal1902]

That means within the year there is no penalty for delay in payment to MSE. Am i right?

[@user-dp4yt8li1s]

Hello Sir, kitne time me ye case close hota hai and kya msme ko kuch nuksan hai delay payment krne me?

[@rakeshsaikh9972]

Mujhe v invitation card Mila hai ...Milte hai 2 Feb ko. Thank you sir 🙏

[@jobupdates4865]

Ok dear

[@ravi3767]

Mail PE? Kaisa Mila?

[@user-gp3lc9hu3l]

Sir 10 rupe stam par kya likhwana hai

[@mandarchiplunkar1635]

राजनीती व्यापार होगाया. व्यापार प्रतिनिधी राजनीती के व्यापार भाई .भाई का भला वो मेरा भला.

[@mohitchaudhari7382]

Hello Sir, How about the govt contractor? Govt don't give payment in time. What to do in this case?

[@caanitabhadra9138]

Applicable for Govt. Sector also

[@anandshembekar2840]

सरकार ठेकेदारांना खूप उशीरा पेमेंट देते. ठेकेदार व्याजात मरतो. हे सत्य आहे.

[@amit0562]

what if one Manufacturing/Service company which comes in small category has taken the MSME registration on 1st March 2024....will the invoices generated before 1st March 2024 by this company to its parties comes under this act?...pls reply

[@LION__2024]

जयश्रीरामजी 🙏🏽🙏🏽🙏🏽

[@rohanagarwal1712]

Lunatic section introduced by govt. Impracticable to impose only intention is to grab unethical tax from retailers

[@doyouknow-e4901]

Good morning sir, How I can attend the seminar Iam very excited to meet with you

[@anjalimandal8718]

Good morning sir. My appointment 1:39

[@technicalmind4381]

Sir aapki helpline number per call karne se lagta jese vo proud se bhare hai. Jo bhi call karta hai vo needy hone ke saath lack of knowledge hota hai. Aapke customer care????

[@raajeevmahajan1624]

👍

[@atul58]

Many micro and small enterprises will surrender their registration as their customers will buy from unregistered enterprises.

[@rinkaljain139]

Jo currently abhi msme mai registred hue hai kya unke sth bhi ye rule apply hota h

[@advocatemohitkaushik6664]

Jo creditor msme m registered nahi h un par ye rule applicable hoge kyaa sir ?

[@manishaimle9438]

Sir mai ghar se saree selling karti hu aur installment me business karti hu mera proper payment nahi hota .Mujhe bhi pura payment karne ko shopkeeper ne kaha hai .mere paas paise hote to mai udhari me maal kyu leti aaj ki tarikh me bahut preshan hu.Mera business band ho jayenga aur vasuli bhi nahi hogi mai kya karu.

[@milantradingcompany483]

Our is a MSME Organisation and No GeM Buyer is giving payment in time than what to do

[@dennisarora8466]

But sir what about payments for traders to manufactures

[@pawanyadavyadav2647]

Sir maine ticket booking kar li hai sir mera training slot clear nhi huaa hai please help me sir 🙏🙏

[@paragjain288]

Hello sir, is this clause only applicable to supplier REGISTERED under MSME Act?

[@janihardik3612]

no, apply for all MSME. as we need to see MSME Act Section 15 for time limit only & not for supplier purpose , for Micro small definition need to see sec 7, where no mention of registration.

[@yn5515]

what if shopekeeper is trader but registered himself as manufacturers in Msme then what for new Income tax rule of 45 days payment ??

[@ankurmahajan648]

System cash payment ka krdo...no credit....bank se limit bnwao nd bank loan se pay kro....bank se withdraw ho payment nd bank khud bnale payment ka systm like credit card bill for 50 days...gst ki chori b khtm hojaegi sth hi bcs sb payment agr bank se hogi toh

[@sandeepthakur-io2qx]

सर msme सेक्टर के लिए बूस्ट होगा ये सरकार का निर्णय, बड़ी कंपनी छोटे उद्योगों से 4 महीने का क्रेडिट लेती थी, और अपनी मर्जी से सिर्फ डाल रोटी लायक पेमेंट करती थी जिससे msme सेक्टर दबता चला जा रहा था, और किसी मैं न्यू उद्योग लगाने की हिम्मत नहीं बची थी।पर अब सरकार ने हमे जो सौगात दी है।।।उससे हम बड़े खुश हैं

[@MSMEHelpline]

Yes

[@amitpoddar8691]

नहीं,बड़ी कंपनीयो ने मॉल लेना बंद कर दिया है,हम रोज रोज नया व्यापारी कहा से खोजें

[@sudhirsambrey4188]

Is this law applicable on supplies made to Government Departments. If Govt does not pay within time limit then how it will be added to their profit?

[@Praffull]

Sir ye kanun Listed company (share market) pe lagu Hota Hai kya? Aur Hamara payment 5 sal purana hai aur 2 sal se MSME Counsil me case chalu hai.

[@TheMANOJ6266]

Bilkul sahi baat boli hai ​@@amitpoddar8691

[@ishwarnankani7650]

Very good rule

[@dennisarora8466]

Is this applicable on manufacture to manufacture Or its applicable for traders as well?

[@caanitabhadra9138]

Not applicable for payment to traders

[@rajukhanchandani3449]

Sirji, what I have understood, before 31st March 2024 payment of say 15th February 2024 are to be settled, but what if through out 2023.. 2024 the same supplier's payment is made within 70.. 75 day ?

[@caanitabhadra9138]

Monthly compounded Interest is applicable - 3 times of RBI rate

[@nayanshah7013]

What will happen to payments which are pending since last 1-2 or more years. Nayan Shah

[@therockyswami]

Agar koi distributor msme me register nahi hai to bhi usko is law ka benifit milega kya ?

[@jayeshgadhiya8675]

Good decision for micro and small

[@himanshu3388]

Now buyer will avoid to buy from small and micro entrp benefit will go to big playet only

[@k.k.textileagencieshyderab2854]

Sirji as per see this video 16 Feb to 31 St March ka payment regular base per kar sakte h kaya yah before 15 may 2. Traders textiles me yarn ke kar dying Kara kar mall sales karta h to vo traders hoga yah mef hoga pls clear both matter

[@anantasahu166]

Sir if I am not wrong it is applicable from 1st April 2023 not 2024.

[@KRILLERYT]

He said assessment year 2024-25 which means financial year 2023-24!

[@sibanandasaha7419]

😊

[@vijayshoothwal]

Sir agla session kab hoga...

[@PankajKumar-ep2go]

Sir rate nhi milta . compatition se kaise nijat paye

[@vijayvasa7145]

Sir mai udiyam ragister hu .Supplier ka kya rule hai msme mai company mai steel supply karta hu

[@mexxstate]

What's the solution for the meme unit against the fraud done by the seller by taking money in advance and not delivering goods?

[@Bharat20156]

making payment in advance is not even 1% of the total transactions. mostly big companies exploit small companies by delaying their payment. this act is a welcome step towards improving MSME confidence and will boost business.

[@ganeshkadu5067]

Sir , if creditors registered under msme , can we verified through pan number

[@gapsum143]

If i have agreement/purchase order having payment terms of 30 days then when expense will disallow? After 30 days or 45 days?

[@prince_bhootra]

After 30 days If agreement for more than 45 days...then ignore agreement date, means pay within 45 days, however if agreement date within 45 days, then follow agreement date

[@shabbikhan2601]

Sir me gya 2 feb ko meeting me or meeting succeful rahi boht achi knowledge mili but ek confison h meko ham msme ke hi sare certificat banway businessman (msme ) k pas jakar to wahi income hogi na jo apne batayi thi ya zed certificate bhi compulsory h plzz reply zarur karna ye boht saro ki confusion h 🙏🙏😊

[@Gyanhaveli]

Ye MSME vale ko fee bhi lete hai kya??

[@tankebech]

I am a manufacturer and i totally agree with 45 days payment. Actually it should be 15 days strict because all traders are pressuring manufacturers and not paying on time to manufacturers. I wish this rule be very very strict. It should be like payment on 15 days or go to Jail. This is how these peoples understand Actually this is all manufacturers fault who giving material on credit and my fault also because I am also giving material on credit because of other competitors giving on credit. In short, who do credit business, government should charge right there. So that nobody sell on credit

[@raviaggarwal1473]

Hlo Sir Pls let know for my unit, if I surrender msme registration of my unit, Our buyer not liable for paying amount in 15 or 45 days.

[@debiprasadpanda5807]

Sir, how to know that our Supplier or Creditor is registered under MSME Act ?

[@hardikpadmani7990]

ye kanun acha h muje to maja a gya jai ho sarkar ki

[@rohanyadav1749]

Sir meine 11jan ko hi msme mitra ka form bhar diya hai lekin abhi tak training ke liye na hi offer letter or na hi apke dwara phone call aya hai

[@AartiRani-ws1ff]

Invitation card ka link aaya tha aapne download nhi Kiya ab aap next month March ka wait kre ,,Dusra training March me hogi

[@GurpreetSingh-nt7of]

What about the payment pending up to 31/03/23. If the Current year purchases booked as expenses during the year& paid off during the current year then what is the fate of payment pending as on 31/03/23 Plz explain

[@caanitabhadra9138]

Not applicable for payments pending as on 31st March 2023

[@gurpreetbhatia539]

right to decision msme ke pass honna chaiye as per agreement that should be made mandatory…its like demonising… buyers will prefer big suppliers rather than msme.

[@raaz839]

Hello sir Agar Purchaser 15 or 45 days Tak purchase amount ka 50% tak payment karta hai toh kya

[@MSMEHelpline]

Balance will be added to profit for tax purposes

[@rahulpatra3498]

sale karenge to payment karenge ghara me money ka tree he kya sab payment kar payenge

[@bhartimatakijai7941]

Trader ka bhi bhai hal hoge jo kishan ke hote he 30% tax kha se jama karega hatmatya karni pade gi Trader karz me dub jaiga ese kanun se to

[@vijaychaudhary757]

Sir lekin samne wala agar MSME ka payment ni deta hai to uske khilaf kya legal action le sakte hai

[@prabalpratabpratap4409]

Sri man ji hamare yahan koi industries nhi hme 2bfeb ko hme anaa chaiye ya nhi plz tell me

[@rajaramkabra604]

बहुत व्यापारी वर्ग खुश हो रहे है पर असल में सरकार व्यापारियों को शिकंजे में लेने की साजिश है

[@pkb115]

MSME Mitra par updation Kay?? Hai

[@RameshKumar-xv5ht]

Kay govt ka kam karne walo ko v regular milega payment 15 din me to jo person msme ko payment Kar paye.

[@umeshkudarha9681]

यह कानून हम जैसे छोटे होलसेलर को खत्म करने के मकसद से आया है, क्योंकि हमतो उनसे ही खरीदी हैं जो तीन चार माह में पेमेंट स्वीकार कर लेते हैं क्योंकि हमारा रिटेलर हमें अब पेमेंट देता है उसकी कोई लिमिट ही नहीं है, यदि हम कड़ाई से पेमेंट वसूलते हैं तो पहली बात है हमारा पेमेंट डूब जायेगा या हमारा रिटेलर बड़े और सक्षम होलसेलर से माल खरीदना पसंद करेगा

[@javeedmungle249]

Phir se modibsarkar 😂

[@sunilgavade2293]

We make payment of GST at 18% for Amount of raised "Tax Invoice " But what 😊 is the assurance if getting the Payment. If our Payment delayed to Making payment to GST then we will get SUMOTTO noticed and then GST will be cancelled

[@krishnakumar-co6hq]

Sir agar timely payment nahi Hui toh toh msme ko kaise pata chalega ki humne payment nahi kiya hai

[@rajanikv5390]

Sir kindly arrange for online training and offer letter please

[@ashishlachhwani6803]

Ye sirf year ending k liye hai, ya all time k liye?

[@akshayrawal432]

Only for year ending aap april ka payment 31 march ko kardo koi problem nhi h lekin agar 31 march ko outstanding reh gaya to aapko vo expense disallow ho jaega

[@CAyashpanjwaniji]

Interest rate lagbhag 20.25 lgega monthly wo bhi compound interest mtlb interest k uper interest 45 days k baad se count hoga year end nhi ho to bhi interest rate se koi nhi Bach sakta

[@nikhilchawla179]

sir agar samne vali party jisko manufacture supply kr rha hia voh gst unregistered ho tb ye payment 45 days applicable hoga ?

[@CAyashpanjwaniji]

GST se mtlb nhi

[@nikhilchawla179]

@@CAyashpanjwaniji toh client k naam per inovice banta h toh hum log kis basis per usper allegations lagenge

[@CAyashpanjwaniji]

@@nikhilchawla179 wo ITR file krega tab usko penalty lgegi aap samzha do unko ki pura amount per tax lg jayega

[@nikhilchawla179]

@@CAyashpanjwaniji invoice client ka adhaar mention na ho toh unko penalty kaise lagegi? Govt ko kaise pata konsa individual hai?

[@CAyashpanjwaniji]

@@nikhilchawla179 CA jo audit krenge unka kaam h ITR main sari adjustment ka government nhi aayegi beech main auditor sab sahi report krenge otherwise unper action hoga

[@user-zj8tw1wv8d]

Form online fill kar diya ho gaya hai lekin turn over nahi account mei nahi aaya hai . Yeh 4 din ho Gaye hai Kab aayega .