Dear Team,
A new clause (h) has been inserted in section 43B of the Act to provide that any sum payable by the assesses to a micro or small enterprise beyond the time limit specified in section 15 of the Micro, Small and Medium Enterprises Development (MSMED) Act 2006 shall be allowed as deduction only on actual payment. Section 43B (h) applicable only on Traders and micro/small enterprise for which below mentioned category was required.
So, We need to add two additional fields to vendor master in below of Micro & small Estd. No.
Column Name 1:- MSME Type
Dropdown list should be Micro/Small/Medium
Column Name2:-Line of business
Dropdown list should be Manufacturer/Traders/Service
Regards,
Avinash Singh
Avinash Singh
Hi Mr.Avinash,
Since we haven't received any response from you, we will consider this as already exists. We have previously shared both the document and the link for this requirement so again attached the same.
Document link:- https://cloudapps.xecurify.com/confshare/accesslink?linkid=2c9fb7908e1e1af6018e8389fc6d000a&pageid=30064808
Regards,
Dipankar ( Product Team)
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Hi Mr.Avinash,
We've tried contacting you at both numbers, 9073974073 and 7063126980, but unfortunately haven't received a response from your end. Could you please acknowledge receipt of our message? If we don't hear back within 6 days, according to our internal SOP, we'll consider the matter resolved and mark this idea as Already Exists.
Regards,
Dipankar
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Hi Mr.Avinash,
We've already prepared a guide on managing the due date for MSE vendors to comply with sec 43B(h) in Ginesys ERP. Please find the attached link to access this document. If you've already reviewed it and still have questions or need clarification, feel free to reach out to us.
Document link:- https://cloudapps.xecurify.com/confshare/accesslink?linkid=2c9fb7908e1e1af6018e8389fc6d000a&pageid=30064808
Regards,
Dipankar (Product Team).
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