Cash flow is vital for businesses. It is the money coming in and going out of a business. It’s like fuel for a car. Without enough fuel, a car can’t move forward; similarly, without enough money, a business can’t operate…
Introduction Micro, Small, and Medium Enterprises (MSMEs) play a vital role in India’s economic growth by contributing significantly to employment generation, GDP, and exports. Recognizing their importance, the Government of India offers various incentives and subsidies to support MSMEs in…
What is the MSME 45-day payment rule? The Finance Act, 2023 included the MSME 45-day payment rule under the Section 43B(h) and has been in effect since April 1, 2024. If companies do not pay MSMEs within 45 days or…