Additional Feilds in Vendor Master for MSME

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


Avinash Singh

  • Avinash Singh
  • May 8 2024
  • Already exists
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