The Criterion for filing the MSME I form (MCA) by those specified companies whose outstanding payment to MSME suppliers exceeds 45 days, is discussed below: Order Named: Specified Companies (Detailed information regarding payment to micro and small enterprise suppliers) Order, 2019 Date of ...
The FM also announced that the buyers may not claim tax deductions unless they pay the MSMEs first. This will ensure that MSMEs receive timely payments. The FM has also proposed to set up an “Entity DigiLocker” that can be used by MSMEs, large businesses and charitable trusts to store ...
Advances in Economics, Business and Management Research, volume 220 6th Global Conference on Business, Management, and Entrepreneurship (GCBME 2021) Analysis of Taxpayer Awareness in West Java MSME Tax Payment Compliance on E-Commerce Platform Users Suhono Suhono1, Adhi Rizal2, Reminta Lumban Bat...
“The lawcommittee of the GST Councilis examining how to ensure that taxpayers pay tax every month. The monthly tax payment has to approximate a third of the quarterly tax payments. If the variation is beyond a percentage, the taxpayer may be asked to pay interest on that part,” said an...
a. If a micro or small enterprise has filed a memorandum with DIC of its area, then it stands to gain as to timely payment in respect of supply of goods or rendering of services to any buyer. b. With the enactment of MSMED Act, 2006, the Interest on delayed payments to small scale...