As I am suffering from fever, I made this video without appearing in person. Watch MSME- 43B(H) detailed video: th-cam.com/video/e4TM5JMNQ4E/w-d-xo.html ________________________________________________ 💁🏼 Learn GST, Income Tax, ITR, Accounting, Tally, Trademark, TDS Returns: cagurujiclasses.com 📞 Call at 9150010400 (only for courses)
I am manufacturer and i purchase raw material from trader, first of all does this make a senses that i take 30 days to make a product from that raw material and then how can i pay for it when i will receive my money after 45 days of billing. This is nothing but just government starting looting legally 😢😢
ek creditor se last year ka forwarded balance h 30 lakh ND maine un se is year bhi purchase Kiya is year ka purchase Mera 50 lakh h so total 80 lakh hogya toh sir agar m unko 50 lakh pay kr deta hu ND balance 30 lakh Bach jaega Jo ki Mera opening balance bhi tha toh kya is pr koi disallowance hoga ya nhai sir ya phir mujhe unka Pura 80 lakh hi pay krna h.
Please comment on this point if supplier is not filing gst return and buyer is not unable to claim input credit. Whether msme compliance has to be considered or not.
Mam koi party hai us ka bill ४५ days mai due hua १५ feb ko party nea cheque banaya १५ feb ko but mil raha hai १५ march ko ab is condiction mai kya hoga
@@CAGuruJi mam company se meri vehicle self product lene jati h to company's hme 7 rupye ki rebate deti h to debit note company ko freight rebate name se ledger bna kr de aur hsn kya hoga iska
thank you mam very knowledgeable video but I am confused about the opening creditor can you please guide me 1. agar party ka opening balance hai as on 1.4.23 or usse opening bill ka payment hogaya, and 31.3.24 main new bill ka closing hai jo ki 23-24 main purchase hua unpe aplicable hoga ya nahi
Audit nhi ho rhi toh sec 43 apply nhi hoga but ITR 4 me bhi iski reporting hogi isliye aapko working toh krni hi padegi. But aapki income me add nhi hoga.
Medam mere creditors ka turnover 60 crore he or wo as a midium enterprise register he to kya muje usako 43 b ke tahat 15 ya 45 days me payment karna padega ??
a person having 2 firm, one is service firm whose turnover not exeed 20 lakh, the second is trading firm on which gst is taken on voluntary basis , so such person is laible to pay tax on service rendered by him by 1st firm whose gst is not taken ?
Guru ji एक video Msme के लिये बनाये Msme Certificate लेना के बाद क्या करे क्या ये certificate Lifetime होता है क्या इसका भी कोई Return भरना होता है जेसे GST का रिटर्न bharte है
Mam, let's a creditor have opening balance as on 1.4.23 is 50,000 nd during the year we have made purchase from that creditor of amt 30,000 so total amount is due 80000 but we paid 60000 during the year then.Have I need of payment rest 20000,if I say that i paid 30000 as fully amt of current year purchase nd rest 30000 from opening balance.
That can not be done as generally payments are done for the earlier purchases first and then for the later purchases. Department will also not consider your payment as paid for current purchases and not of the earlier purchases.
If contact or po made with msme vendor and the payment terms include 10 percent retention and the same will be release after complete of the contract whst will be happen. Us 45 days rule apply here or not.
If a Manufacturer is micro msme, then it comes under msme 45 days payment rule or not? Because in the video, u clearly mentioned that micro small and medium are not under 45 days payment terms
What if person filed their income tax returns under presumptive income rule that is u/s 44ad/ae.....is 45 days payment rule will applicable to that person or not..
Registration is mandatory. Section 15 of MSMED Act talks about time limit for payment to suppliers and term "Supplier" which covers only registered suppliers as per the definition in MSMED Act.
@@CAyashpanjwaniji apka UDIN number mil sakta hai.... scholarship ke liye apply karna tha 🙂....please help 1000 le lena..... 500 for giving UDIN and 500 after approving my application 😅
Now every trade will be in limit no stock store by distributor they will store less stock because of payment rotation if you look into textile sector where payment cycle is 90 day so difficult to manage and steel sector too
As I am suffering from fever, I made this video without appearing in person.
Watch MSME- 43B(H) detailed video: th-cam.com/video/e4TM5JMNQ4E/w-d-xo.html
________________________________________________
💁🏼 Learn GST, Income Tax, ITR, Accounting, Tally, Trademark, TDS Returns: cagurujiclasses.com
📞 Call at 9150010400 (only for courses)
Take care of yourself Ma'am. Get well soon ❤
Ok mam
Mam I need ur help regarding my problems .can you help me ?
Mam, your explanations are simple great. Get well soon.
Its means
Manufacturer and swrvice ko sirf fayda hoga .
Aur jiska opening bhi hai aur Wo Micro me hai aur registered hai tab
Applicable hoga ya nahi
This is masterpiece video on MSME👌👌
I am manufacturer and i purchase raw material from trader, first of all does this make a senses that i take 30 days to make a product from that raw material and then how can i pay for it when i will receive my money after 45 days of billing. This is nothing but just government starting looting legally 😢😢
Trader is not included
Non audit firm pe ye rule applicable hoga?
Mam is rule ke andar Traders bhi aate hain kya mtlb traders par bhi applicable hoga kya ?
Madam 2021-2022 mein ek party se invoice liya tha, corona mein business bandh ho gaya, mere liye ye rule applicable hoga
Hello maim agar kisi firm me 20 se jyada employee ho to uske liye kya IT rule h uspe v video banaye please
Madam , do brokers or agents also come into the matter?
Who take commission only on sales purchases
Great job Mam 👍🤠
agar koi supplier manufacturer bhi hai and trader bhi, toh kya ye rule applicable hoga
Please share the source where it is mentioned that it is not applicable on the parties mentioned by you. (like traders and opening balance)
Capital purchase Sathi MSME payment terms applicable ahe ka??
Is msme rule applicable on jewellery business
Mam agar koi party msme Mein 1/3/23 ko register kare toh uska 17th Feb ka bill jo uske msme registration ke pehle ka hai is that eligle for payment?
ek creditor se last year ka forwarded balance h 30 lakh ND maine un se is year bhi purchase Kiya is year ka purchase Mera 50 lakh h so total 80 lakh hogya toh sir agar m unko 50 lakh pay kr deta hu ND balance 30 lakh Bach jaega Jo ki Mera opening balance bhi tha toh kya is pr koi disallowance hoga ya nhai sir ya phir mujhe unka Pura 80 lakh hi pay krna h.
creditors ke paas advance dia ho kafi time se to uspe to koi rule nahi hai??
Is trader still diaclose as MSME
MESME RULE Not applicable
1 opening creditors
2 unregistered
3 medium enterprises
4 traders
Does it apply on unaudited firm's
Please comment on this point if supplier is not filing gst return and buyer is not unable to claim input credit. Whether msme compliance has to be considered or not.
Perfectly explained! Thank you!
PURCHASER AGAR AUDIT NAHI KARWATA TO KYA 45 days rule applicable hoga ???
Merchants manufacturing ko applicable h
Very Good Video thank you Guru ji
Hello mam need some help .... GST Portal par 20/11/2023 ke baad se turnover update nhi aa raha hai kya krna hoga iske liye
Agar audit nahi hota hai to kya kare??
Mam koi party hai us ka bill ४५ days mai due hua १५ feb ko party nea cheque banaya १५ feb ko but mil raha hai १५ march ko ab is condiction mai kya hoga
Mam wo agr manufacturers ya servicer h pr unregistered h msme to applicable nhi hoga msme
No
@@CAGuruJi mam company se meri vehicle self product lene jati h to company's hme 7 rupye ki rebate deti h to debit note company ko freight rebate name se ledger bna kr de aur hsn kya hoga iska
TOO COMPLICATED..
THIS GOVERNMENT DOESN'T WANT TO SIMPLIFY ANYTHING
Creditors abhi Feb me register karvata he to kab se applicable hoga
Registration date not matters according to my understanding
thank you mam very knowledgeable video but I am confused about the opening creditor can you please guide me 1. agar party ka opening balance hai as on 1.4.23 or usse opening bill ka payment hogaya, and 31.3.24 main new bill ka closing hai jo ki 23-24 main purchase hua unpe aplicable hoga ya nahi
Yes
mam is it extended or still no clearance@@CAGuruJi
you mean that party bill we can exclude from payment list of 45day payment list@@CAGuruJi
get well soon mam we prey for speedy recovery@@CAGuruJi
no@@pehnawainstyle8462
Thanks a lots Madam ❤
I am a manufacturer and I purchase raw material from traders , so will I also have to make payment within 15 days?
not applicable on traders
Mam मैं buyer हु और मेरी फर्म का ऑडिट नही होता तो क्या मुझे भी working करनी होगी
Audit nhi ho rhi toh sec 43 apply nhi hoga but ITR 4 me bhi iski reporting hogi isliye aapko working toh krni hi padegi. But aapki income me add nhi hoga.
Thank you!
Thanks mam great vedio
❤❤ thank you for sharing
Medam mere creditors ka turnover 60 crore he or wo as a midium enterprise register he to kya muje usako 43 b ke tahat 15 ya 45 days me payment karna padega ??
Medium Enterprises pe ye rule applicable nahi hai
Very nice info
a person having 2 firm, one is service firm whose turnover not exeed 20 lakh, the second is trading firm on which gst is taken on voluntary basis , so such person is laible to pay tax on service rendered by him by 1st firm whose gst is not taken ?
Guru ji एक video Msme के लिये बनाये Msme Certificate लेना के बाद क्या करे क्या ये certificate Lifetime होता है क्या इसका भी कोई Return भरना होता है जेसे GST का रिटर्न bharte है
MSME Certificate lifetime ke liye valid hota hai and iski koi return file ni karni hoti.
Mam, let's a creditor have opening balance as on 1.4.23 is 50,000 nd during the year we have made purchase from that creditor of amt 30,000 so total amount is due 80000 but we paid 60000 during the year then.Have I need of payment rest 20000,if I say that i paid 30000 as fully amt of current year purchase nd rest 30000 from opening balance.
Please reply my question is also same
That can not be done as generally payments are done for the earlier purchases first and then for the later purchases. Department will also not consider your payment as paid for current purchases and not of the earlier purchases.
@@MuftKaCA if this is the case than what about it's non applicability on opening balances , kyuki ye rule opening balance pr toh Lago hi nahi h
If contact or po made with msme vendor and the payment terms include 10 percent retention and the same will be release after complete of the contract whst will be happen. Us 45 days rule apply here or not.
Retention amount will be subject to disallowance.
Madam 80c 80ccd1 80ccd1b ko detail mein bataiye for govt employee
Meri income 755808 ho rhi hai tax mein chute mil sakti hi
Mam what if trader make payment after 45 days to manufacturer or service providers
Deduction allowed in the year of payment. And interest needs to be paid for the extended period which will not be allowed as deduction.
Ma’am , the parties which are already overdue as of now , they are already disallowed right even if I pay everything before 31.03.2024 ? Please reply
If you pay before 31.3 then not disallowed.
Traders are not covered under this rule???
not covered.
I Want To Learn About Balance Sheets From Beginning
Thanks for this valuable information to us ❤❤❤
If a Manufacturer is micro msme, then it comes under msme 45 days payment rule or not?
Because in the video, u clearly mentioned that micro small and medium are not under 45 days payment terms
Micro or small cover h medium nhi h
Well explained thanks
What if person filed their income tax returns under presumptive income rule that is u/s 44ad/ae.....is 45 days payment rule will applicable to that person or not..
Not applicable
Hi madam is this applicable for JOB Workers
Yes
आज इस पर एक सी एन बीसी आवाज़ पर एक न्यूज अपडेट हो रही थी।
Mam, you said we have to pay all the creditors by 31.03.2024 . But 45 days is still applicable right ?only the cut off date is 31.03 .2024
👍
Pls means
Registration (MSME Number) is not mandatory for section 43B(h). Kindly check and confirm.
Registration is mandatory. Section 15 of MSMED Act talks about time limit for payment to suppliers and term "Supplier" which covers only registered suppliers as per the definition in MSMED Act.
👌🙏👍
❤❤❤
Trading vale ko manufacturing unit ko 45 day me payment karna padega
Haa yaar
@@CAyashpanjwaniji apka UDIN number mil sakta hai.... scholarship ke liye apply karna tha 🙂....please help 1000 le lena..... 500 for giving UDIN and 500 after approving my application 😅
Now every trade will be in limit no stock store by distributor they will store less stock because of payment rotation if you look into textile sector where payment cycle is 90 day so difficult to manage and steel sector too
Ab trader ko pata chalega.. manufacturer kaise itne saal dhanda chalata tha..
chalo paise khane valo ko aur ex saal jada milgaya
I have GST number, but i cannot registered in MSME, but purchasing material from MSME manufacturers ,then is it applicable to me?