Msme Act Effective Date 2025. Section 43b(h) of the income tax act, introduced by the finance act 2023, mandates timely payments to micro and small enterprises (mses) for goods and. The finance ministry is deliberating a potential deferment of an msme payment rule 43b (h) under the income tax act, which mandates payments to msmes within 45 days.
Section 43b(h) of the income tax act, introduced by the finance act 2023, mandates timely payments to micro and small enterprises (mses) for goods and. The clause, to be effective from april 1, 2024, disallows expenses to buyers on invoices from micro and small enterprises (mses) unless paid within 45 days (where agreement exists) and.