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MSMED Act

Latest Articles


Form MSME-1: Purpose, Filing, Due-date and Penalty

Company Law : Understand purpose, filing requirements, due dates and penalties of Form MSME-1 for companies with outstanding dues to MSME suppli...

March 9, 2025 297 Views 0 comment Print

Impact of Tax Policies on Small and Medium Enterprises (SMEs)

Goods and Services Tax : Understanding how taxation affects SMEs is essential for business owners, policymakers, and investors. This blog explores the vari...

March 7, 2025 309 Views 0 comment Print

Tax Incentives for Startups & MSMEs – New 2025 Incentives

Income Tax : The Indian government remains married to promoting entrepreneurship and profitable development through duty impulses for startups ...

February 24, 2025 2274 Views 0 comment Print

Union Budget 2025-26 – Corporate Tax Wishlist

Income Tax : Explore corporate tax reforms expected in Union Budget 2025-26, including CSR deductions, TDS rationalization, MSME payment rules,...

January 31, 2025 5829 Views 0 comment Print

Eligibility Criteria for MSME Benefits and How to Apply?

Corporate Law : Learn MSME eligibility criteria, how to apply for Udyam registration, and access benefits like tax exemptions, low-interest loans,...

January 24, 2025 1500 Views 0 comment Print


Latest News


MSME Investment and Turnover Limits to Be Enhanced

Corporate Law : Union Budget 2025-26 enhances MSME investment and turnover limits, increases credit guarantees, introduces new schemes for women a...

February 1, 2025 1119 Views 0 comment Print

Criteria for MSME Loans and Government Measures

Finance : The Government outlines criteria and steps to improve MSME loan access, including collateral requirements, schemes, and credit fac...

December 11, 2024 585 Views 0 comment Print

Discussion Paper on MSME Registration and Disclosure Framework under CIRP

Corporate Law : IBBI proposes amending CIRP regulations to require MSME status disclosure in the Information Memorandum to reduce resolution proce...

August 23, 2024 480 Views 0 comment Print

Concerns on Corporate Tax, MSME Deductions, GST Rates

CA, CS, CMA : Explore recent updates on corporate tax rates, MSME concerns over tax deductions, and GST rates for shawls as addressed in Lok Sab...

August 5, 2024 405 Views 0 comment Print

Urgent Request for Amendment to Section 43(B)(h) for MSMEs

Income Tax : Punjab Accountants Association urges Finance Minister to amend Section 43(B)(h) for MSMEs, proposing better payment timelines and ...

July 27, 2024 11241 Views 0 comment Print


Latest Judiciary


Banks and NBFCs obliged to adopt restructuring process before classification of account as NPA: Supreme Court

Corporate Law : Supreme Court held that Banks/ Non-Banking Financial Companies (NBFCs) are obliged to adopt restructuring process of MSME as conte...

August 9, 2024 696 Views 0 comment Print

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 12231 Views 0 comment Print

Docket Care Systems Vs Hariwill Electronics India Pvt. Ltd. (Allahabad High Court) 

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 786 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 1020 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 1194 Views 0 comment Print


Latest Notifications


RBI Extends Interest Equalization Scheme for MSME Exporters

Fema / RBI : RBI extends Interest Equalization Scheme on Rupee Export Credit for MSME exporters until August 31, 2024, with a cap of ₹1.66 Cr...

August 29, 2024 441 Views 0 comment Print

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 21345 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 6690 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 516 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 675 Views 0 comment Print


Payments to Micro & Small Enterprises under MSME – Section 43B

February 2, 2024 53913 Views 5 comments Print

Explore crucial amendments in Section 43B for payments to Micro & Small Enterprises (MSME) under MSME Act, effective from April 2024. Understand the implications with a detailed flowchart presentation.

MSME Payments and Impact of Section 43B(h) of Income Tax Act

January 31, 2024 4110 Views 1 comment Print

Explore Section 43B(h) of the Income Tax Act 1961 impacting payments to Micro and Small Enterprises. Learn about deductions, tax implications, and compliance for timely payments.

Section 43B(h): PAY timely to Micro / Small Enterprise(s) or Pay Taxes

January 31, 2024 6300 Views 0 comment Print

Explore the impact of Finance Act 2023s Sec 43B(h) amendment. Analysis covers provisions, definitions, due dates, and practical scenarios for timely payments to Micro/Small Enterprises.

Disallowance of MSME Purchase / Expenses under Section 43B(h)

January 31, 2024 78954 Views 4 comments Print

Explore the impact of Income Tax Acts Section 43B(h) on disallowance of expenses from MSMEs. Learn about changes, provisions, and steps for compliance.

Representation on Disallowance under Section 43B(h) of Income Tax Act, 1961

January 30, 2024 6147 Views 0 comment Print

Read the Karnataka State Chartered Accountants Associations representation on the challenges and proposed solutions regarding disallowance under Section 43B(h) of the Income-tax Act, 196

Provision of Section 43B(h) not applicable to Wholesale and Retail Trade

January 30, 2024 58599 Views 10 comments Print

Explore the amendment in Section 43B(h) of the Income Tax Act, 1961, excluding Wholesale and Retail Traders. Learn how it affects delayed payments and MSME benefits.

Demystifying Section 43B(h) of Income Tax Act: Implications for Businesses & FAQs

January 30, 2024 4275 Views 0 comment Print

Explore the implications of Income Tax Act Section 43B(h) for businesses, focusing on timely payments to MSMEs. FAQs provide clarity on covered expenses and compliance

Faster Mechanism of Recovery of Dues of SMEs

January 30, 2024 1059 Views 1 comment Print

Explore the fast-track recovery mechanisms for Small and Medium Enterprises (SMEs) through the MSME Samadhan Portal and recent amendments in Section 43B(h) of the Income Tax Law. Learn about registration, timelines, benefits, and legal implications for SMEs and corporate buyers.

Compliance Challenges & Ramifications of Section 43B(h) of Income Tax Act

January 29, 2024 4311 Views 0 comment Print

Explore the ramifications of Income Tax Act Section 43B(h) amendment, its impact on Micro and Small Enterprises (MSMEs), compliance challenges, and potential consequences for businesses

Section 43B Amendments: FAQs on Timely Payments to MSMEs

January 29, 2024 29760 Views 3 comments Print

Understand recent amendments to Section 43B of Income Tax Act, emphasizing prompt payments to MSMEs. Explore FAQs for clarity on compliance, consequences, and practical implications.

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