New Return To Be Field By All Companies For Outstanding Payables To Micro And Small Enterprises - From1

  • Admin
  • 06 Mar, 2020

The Ministry of Micro, Small and Medium Enterprises (MSME) has issued a notification dated 2nd November, 2018, to protect the interest of Micro and Small Enterprises.

As per the above said notification, all Companies who get supplies of goods or services from the micro and small enterprises and whose payments to micro and small enterprises suppliers exceed forty five (45) days shall submit a half yearly return to the Ministry of Corporate Affairs

(a) The amount of payments, and

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