Corporate Law : Incorrect Udyam filings can result in denial of CGTMSE coverage, MSME Samadhaan claims, and government tender participation. The a...
Corporate Law : This guide explains all major MSME subsidy schemes running in Uttar Pradesh in 2026, including capital subsidies, interest benefit...
Finance : The revised MSME classification limits under Union Budget 2025-26 significantly widen access to government subsidy, guarantee, and...
Finance : An analysis of why MSMEs report profits on paper but face cash shortages, repayment pressure, weak liquidity, and operational fina...
Finance : A practical guide on common mistakes that lead to rejection of subsidy claims in India, covering planning, compliance, documentati...
Corporate Law : A new digital credit model for MSMEs leverages data from sources like GST and ITRs for faster loan approvals, reducing paperwork a...
Company Law : Indian government outlines measures against companies not paying MSME dues, including mandatory reporting, penalties, SAMADHAAN po...
Goods and Services Tax : Govt introduces GST reforms to simplify compliance for MSMEs, including higher turnover limits, quarterly returns, and digital pay...
Corporate Law : Union Budget 2025-26 enhances MSME investment and turnover limits, increases credit guarantees, introduces new schemes for women a...
Finance : The Government outlines criteria and steps to improve MSME loan access, including collateral requirements, schemes, and credit fac...
Income Tax : The ITAT held that reversal of MSMED Act interest cannot be taxed if the provision was never claimed as a deduction. The matter wa...
Custom Duty : Delhi High Court orders release of a startup's goods held by Customs, citing an inexplicable delay and directing a review of polic...
Corporate Law : Supreme Court held that Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises does require MSME to notif...
Corporate Law : Kerala HC holds that a retail plywood importer cannot claim delayed BIS compliance under QCO 2024, as MSME benefits are limited to...
Corporate Law : Supreme Court rules Limitation Act applies to MSMED arbitration but not conciliation, clarifying recovery of time-barred debts und...
Company Law : Repeated delays in filing MSME returns resulted in penalties reaching the statutory cap. The decision highlights strict enforcemen...
Company Law : MSME-1 filings delayed by over two years attracted the highest statutory penalties. The ruling signals strict enforcement where no...
DGFT : The government introduces 2.75% interest relief on pre- and post-shipment export credit, helping MSMEs access cheaper working capi...
Corporate Law : The Ministry of MSME mandates that all new delayed payment cases under the MSMED Act must be filed on the new MSME ODR Portal star...
Corporate Law : Companies must report delayed payments over 45 days to MSMEs in a half-yearly return to the Ministry of Corporate Affairs under MS...
Amendment of Section 43B to boost MSME sector growth & timely payments. Govt. of India passed Budget 2023 to help MSMEs. Find out more.
Government has proposed to add a new clause to section 43B which will allow deductions of payment to MSME only if payment is made within timeline specified in MSMED Act.
Section 43B of Income Tax Act provides that deduction for certain sums specified in its clauses (a) to (g) is allowable only on actual payment. However, the Proviso to this section allows deduction on accrual basis if the specified sum is paid by due date of furnishing of the return of income.
In order to encourage timely payments to Micro and Small Enterprises under the MSME Development Act 2006 , a new addition to the list of disallowances is being made vide S- 43B(h) .
Section 43B is applicable only in relation to ‘Micro and Small Enterprises’ and Medium Enterprises have been kept out of effect of this
बजट- 2023 में कहा गया,’सूक्ष्म और लघु उद्यमों‘ – स्माल एवं माइक्रो इंटरप्राइजेज को समय पर भुगतान को बढ़ावा देने के लिए, अधिनियम की धारा 43 बी के दायरे में ऐसे उद्यमों को किए गए भुगतान को शामिल करने का प्रस्ताव है। इन खरीद और खर्चों की अनुमति किसी वित्तीय वर्ष में व्यापारिक आधार अर्थात […]
Government provides a big relief to MSMEs for COVID-19 period; fulfils promise announced in Union Budget 2023-24 95% of bid or performance security forfeited for failure to execute contracts to be refunded; No interest shall be paid on such refunded amount Relief provided in all contracts for procurement of Goods and Services, entered into by […]
Discover the analysis of impact on delay payment by Indian MSMEs under income tax. Learn how these delays affect India’s GDP, employment & more.
Understand the Union Budget 2023 tax exemption on life insurance policies & payments to MSEs. Learn about Section 10 (10D) income tax exemption on premiums & more in this article.
MSMEs to receive great boost from Budget 2023. Union Budget 2023-24 ‘Amrit Kaal’ to empower & include. Get the details!
