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MSMED Act

Latest Articles


Role of MSMEs in Economic Development

Finance : Discover the crucial role of MSMEs in India's economic development, from classification to registration and benefits. Learn how MS...

July 10, 2024 465 Views 0 comment Print

Filing of Form MSME-1

Company Law : Understand Form MSME-1 filing requirements and penalties under the MSMED Act. Learn about deadlines, required information, and com...

June 27, 2024 1122 Views 0 comment Print

Audit Manual for Small & Medium Enterprises (SME) for Financial Year 2023-24

CA, CS, CMA : Discover the essential 2023-24 Audit Manual for SMEs. Stay updated with changes in CARO 2020, Schedule III, and more. Download edi...

June 13, 2024 6810 Views 0 comment Print

Understanding the Amendment to Section 43B of Income Tax Act for MSMEs

Finance : Explore the recent amendment to Section 43B of the Income Tax Act aimed at bolstering the financial well-being of MSMEs through ti...

June 12, 2024 1224 Views 2 comments Print

Section 43B(h): Allowability of Payments to MSMEs beyond statutory timeline

Income Tax : Learn about Section 43B(h) of the Income-tax Act, 1961, allowing deductions for MSME payments only on actual payment basis. Unders...

May 28, 2024 2619 Views 1 comment Print


Latest News


Representation against Proposed Amendment In Section 43B of Income Tax

Income Tax : Discover how proposed amendment in Section 43B of Income Tax Act, 1961, affects MSMEs. Learn about potential challenges and sugges...

June 11, 2024 5010 Views 0 comment Print

Live Course on Section 43B(h) by CA Manoj Lamba – Last Few Hours to register

Income Tax : Live Webinar with Book on Section 43B(h) (Financial Fitness) on 10th May 2024, 6:00 pm to 8:00 pm. CA Manoj Lamba will break down ...

May 10, 2024 10188 Views 1 comment Print

Live Webinar: How can MSME recover payment without going to court

Corporate Law : This webinar titled “How MSMEs Recover Payment without Court” provides valuable insights and strategies for recovering...

March 29, 2024 15522 Views 0 comment Print

4 Crore Enterprises Registered: Milestone for MSME Formalization

Corporate Law : Introduction: On March 15, 2024, a significant milestone was achieved in the formalization journey of Micro, Small, and Medium Ent...

March 16, 2024 264 Views 0 comment Print

Registrations of Micro Enterprises on Udyam Assist Platform cross 1.50 crore

Corporate Law : Discover how the Udyam Assist Platform, launched by the Ministry of MSME, facilitates registration for Informal Micro Enterprises,...

March 5, 2024 477 Views 0 comment Print


Latest Judiciary


SC Refuses to Hear Plea Against 45-Day Payment Rule U/S 43B(h)

Corporate Law : Supreme Court dismisses plea under Article 32 against 45-day payment rule. Detailed analysis of the judgment and implications for ...

May 8, 2024 11514 Views 0 comment Print

Dispute over Section 19 Pre-deposit in MSME Act: HC dismisses Commercial Court’s Order

Corporate Law : Explore Allahabad High Court's judgment on predeposit under Section 19 of MSMED Act in the case of Docket Care Systems Vs. Hariwil...

April 26, 2024 525 Views 0 comment Print

Crown’s preferential right of recovery of debts does not extend to secured creditors

Corporate Law : Mankind Life Sciences Private Limited Vs State of Himachal Pradesh & Anr (Himachal Pradesh High Court) The legal landscape sur...

January 28, 2024 837 Views 0 comment Print

Calcutta HC: Pre-Deposit Required for Section 34 Arbitration Act Applications under Section 19 MSME Act

Corporate Law : The petitioner filed an application for stay of an arbitral award passed by the West Bengal State Micro Small Enterprises Facilita...

August 8, 2023 1059 Views 0 comment Print

Invocation of MSMED provisions in respect of Income Tax special audit remuneration is untenable

Income Tax : Delhi High Court held that in respect of Special Audit remuneration under section 142(2D) of the Income Tax Act invocation of prov...

July 12, 2023 549 Views 0 comment Print


Latest Notifications


MSME Form-1 amended: Companies to Report MSEs Overdue Payment

Company Law : Read about the Specified Companies Order amendment under Companies Act 2013 to enhance reporting on payments to micro and small en...

July 15, 2024 5154 Views 0 comment Print

Corrigendum to Income Tax Notification No. 27 of 2024

Income Tax : Understand the implications of the corrigendum to Income Tax Notification No. 27 of 2024. Get insights into the changes and their ...

March 19, 2024 4632 Views 0 comment Print

Air Cooler and Air Filters (Quality Control) Order, 2023

Corporate Law : Discover the Air Cooler and Air Filters Quality Control Order 2023 by the Ministry of Commerce and Industry. Learn about standards...

March 5, 2024 318 Views 0 comment Print

Potable Water Bottles (Quality Control) Order, 2024

Corporate Law : Explore the Ministry of Commerce and Industrys latest order on Potable Water Bottles (Quality Control) 2024 in New Delhi. Learn ab...

March 5, 2024 450 Views 0 comment Print

Insulated Flask, Bottles and Containers for Domestic Use (Quality Control) Order, 2024

Corporate Law : Explore the latest Ministry of Commerce and Industry Order in New Delhi, setting quality standards for insulated flasks, bottles, ...

March 5, 2024 429 Views 0 comment Print


Section 43B: What’s New and Why It Matters & Impact on MSME Payments

January 23, 2024 34503 Views 1 comment Print

Explore significance of Finance Act 2023 amendment to Section 43B of Income Tax Act. Learn how it affects deductions for Micro and Small Enterprises (MSMEs) and its implications.

Amendment in Section 43B of Income Tax Act, 1961: MSME Payment FAQs

January 22, 2024 38742 Views 3 comments Print

Explore FAQs on the recent amendment to Section 43B of the Income Tax Act, 1961, affecting MSME payments. Learn about applicability, consequences, and practical compliance.

Implications of Section 43B(h) of Income Tax Act, 1961

January 22, 2024 14733 Views 4 comments Print

Explore the impact of amended Section 43B(h) under the Income Tax Act, 1961, effective from FY 2023-24. Learn about timely payments to MSME suppliers, disallowances, and the consequences for taxable income.

Section 43B(h): New Tax Rules for Payments to Micro & Small Businesses

January 22, 2024 8421 Views 0 comment Print

Explore the latest changes in Section 43B(h) of the Income Tax Act, affecting payments to Micro and Small Enterprises. Learn the implications, compliance steps, and safeguard your business.

Section 43B(h) of Income Tax Act: Disallowance of Delayed Payment to MSME

January 21, 2024 60717 Views 11 comments Print

“Understand Section 43B(h) of the Income Tax Act, disallowing delayed payments to Micro & Small Enterprises. Learn about applicability, impact on taxable income, and more.

Simplified Understanding of Section 43B (h): Expenditures Allowed on Payment basis for Micro & Small Enterprises

January 21, 2024 6021 Views 0 comment Print

Explore impact of Section 43B(h) on Micro & Small Enterprises payments. Learn criteria, MSME Act details, scenarios, and compliance recommendations.

Study on MSME – A Game Changer

January 20, 2024 14817 Views 0 comment Print

All Business Enterprises, whether commercial or non-commercial, commence their activities in a bootstrapped manner. Over the years, with their vision, persistent conviction, dedication, and relentless efforts they unfold their wings to grow by leaps and bounds to establish themselves progressively as Larger and Bigger Companies.

Section 43B Amendment: MSME Dues Disallowance Post Budget, 2023

January 20, 2024 45105 Views 1 comment Print

Explore the latest Section 43B amendment in the Income Tax Act, 1961, its targeted impact on Micro and Small Enterprises (MSMEs), compliance recommendations, and practical case studies. Stay informed for effective financial management.

Demystifying Section 43B: MSME Payment Deductions & Union Budget 2023

January 20, 2024 2628 Views 0 comment Print

Explore latest Section 43B amendment, its impact on MSMEs, compliance measures, and how it reshapes deductions. Stay informed for financial success.

Section 43B(h) on MSME: Income Tax Implications from AY 2024-25

January 16, 2024 74856 Views 20 comments Print

Understand the impact of Section 43B(h) on MSME in the Income Tax Act from AY 2024-25. Learn about payment timelines, allowances, and disallowances for expenses incurred with Micro and Small Enterprises.

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