This is complicated..my query is ,in a manufacturing unit it takes months to become a product and sale it...lets take an example of jeans..process takes 50 days from buying the fabric to ready to sale..how do they expect manufacturer to pay for the same.
Mam what about old outstanding before 1st april 2023 ? Do we have to clear that first ? It is based on fifo or what, or do injust clear current year outstanding?
🙏 नमस्ते मैडम आपके पेज पर कोई फॉर्मेट है एग्रीमेंट का है तो कृपा करके मुझे बता दे और क्लाइंट कैसे पेमेंट न होने पर कैसे अपने पैसे निकाल सकता है दूसरे क्लाइंट से।
Supplier registered under MSME as service provider Micro / small category but also doing trading activity. If an entity purchasing goods from such service provider whether section 43B(h) will be applicable
Explained very good but if suppose a creditors register recently after budget annoucment. Then what about his previous bills issued before his registration. What will be the position. Can u expalin
Hi Thanks for the explanation on 43bh -- Have one query -- While verifying the udyam registration on the portal, the classification shown for FY 21-22 and 22-23 and not shown for 23-24, so still the registration is valid?
I wish govt would have given incentive to big players to buy goods and make payment fast to MICRO business. Now will have to open another account without registration.
Applicability of section 43b(h) on Agency commission provision as on 31/3/24 and payment is to made to agent when sale ammount recieved by seller i.e after 31/3/24
Suppose i have msme certificate. Now i have given a bill of certain amount to someone. Now he have to pay me that bill amount within 45 days ... Other wise that will be considered as that person's income or my income? And how will it be decided that 45 days is over and this will be considered as someone's income? How will govt. Know this?
Ever since this rule was announced my orders are getting canceled and are moving to big companies. I do not understand weather this rule is for betterment or bitterment of MSME??
Respected Madam, Our creditor is registered under msme small category but, not a manufacturer. Only a trader. We have no agreement with them for supply of goods. In this case will we have to pay within 15 days?
Respected Madam, 45 days or 15 days will be calculated from invoice date or actual receipt of goods by the buyer ? Because Transit period in transport is there.
@@ShoebHasan Dear Sir, then it is a loss to buyer, because if transportation takes more than 15 days then buyer will have to pay without receipt of goods. Again, if buyer makes invoice but actual delivery from the buyer end to transport will be late, it will also a loss to buyer.
What if I had purchased on 01-05-23 and paid on 30-09-23 does this attract interest , if there is op. balance 1,00,000 /- what will be the basic for interest ? (as there are all giving example from 01-01-24, not before it)
GD NOON MADAM , Do YOU have an idea of SC hearing of Supreme Court notice on Mrityunjay Kumar’s challenge to CGST Act Section 16(4) WHICH WAS TO BE HEARD ON 5-2-2024 ? ANY UPDATE ON THAT ? . WHETHER IT WAS DECESION IN FAVOUR OF TAX PAYER OR AGAINST TAX PAYER ?
If im not wrong, i understand that, if myself is registered under medium scale then also i have to make payments to all my small and micro suppliers before 15 days if no agreement or within 45 days if agreement ... pls confirm
Traders ismein aa gaya ke nhi. Kuonki. Enterprise ki definition kuch aur hai. So plz clarify traders se purchase ka kya. Section 2 clause e . Only manufacturer coming or traders bhi
Traders msme main register hosakte h but koi benefit nhi milega isliye traders se purchase per applicable nhi hona chahiye only small or micro enterprise bhale wo msme m ho ya nhi
I have a medium enterprise and I am a trader. Am I applicable to pay to my creditors in 45 days who comes under small enterprise category (Manufacturer)?
@@CAGuruJi maine dekha tha same aapke jaisi ek ladki. Me ko lga sayad aap ho maine puchna bhi chaha unse but meri himmat nhi hui unse puchne ki ki aap CA Guru Ji wali mam ho. Shi kiya naa puch kr..
All traders association should come along and strike....Because traders receive payment from customers like 4 months 6 months....and traders have to pay to their supplier within 15 days or otherwise have to pay heavy interest on dues...this is unjustice to traders....
As per various deliberations and discussions made, provision regarding payment within 45 days is *not applicable* for purchases made from suppliers who are *exclusively* engaged only in *trading* The provisions regarding payment within 45 days is *applicable only to suppliers engaged in manufacturing or providing services*
Sir, this your answer is really helpful for us who are in trading, but it's really sad that we have to depend on " discussion" as you said here, means why there is no clarity? If it's clearly told then lakhs of small traders/supplier like us can have proper clarity about law. If you can get more clarity then please let us know, to make sure about this law. Bcoz through the year we had made payment to our creditors as per mkt credit set since many years. Now we are in tension. No one has informed about this law since almost this year passed.
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Aaaa😂a😂qZqz😂aq😂q😂qaaq😂pl
Ljj😊
Agreement kaise karna hain ?
धन्यवाद जी आपने हमारे मेसेज को घमभीरता से लिया और वेदियो बनाकर सरल भाषा मे समझाने का प्रयास किया।
This explaintions is worth . We need such examples to understand this
Thank you mam, your examples give complete clarity.
Very well explained....Thank You so much ma'am!
it is very useful madam we are thankful to you god blesss you
Kya ma'am isme 5 crore ke under bale business man. Bhi ayenge ?
Ma'am ye law to 01-4-24 se applicable hai na to March closing se kya matlab
Excellent Madam, Thanks alot it's Very much helpfull
This is complicated..my query is ,in a manufacturing unit it takes months to become a product and sale it...lets take an example of jeans..process takes 50 days from buying the fabric to ready to sale..how do they expect manufacturer to pay for the same.
No answer she has
Is it applicable only in the audit case?
Thanks ma'am, your all videos are useful for me .
Ma'am useful information thanx..but what can seller action if buyer not pay ontime
Ma'am thank you so much for the information. Please tell us about medium enterprises
Medium isme cover nhi hote h
@@CAyashpanjwaniji Thank you so much for the reply 🙏
@@sainilokesh618 wlcm friend 🤞
Thankyou so much mam😊😊😊
Thanks mam, Hume update rakhne ke liye😊😊
Is verbal agreement valid ? For example verbal agreement for payment is 30 days.
Why is invoice date considered for adding 45 days ? Shouldnt it be goods receipt date !
VERY VERY NICELY EXPLAINED GOOD WORK KEEP IT UP
Thanks ma'am very good explanation given
But is it compulsary to auditer or CA to disallow
Is it applicable on non taxable purchase or not ?
Thank you Ma'am for guidance 😊
Mam what about old outstanding before 1st april 2023 ? Do we have to clear that first ? It is based on fifo or what, or do injust clear current year outstanding?
🙏 नमस्ते मैडम आपके पेज पर कोई फॉर्मेट है एग्रीमेंट का है तो कृपा करके मुझे बता दे और क्लाइंट कैसे पेमेंट न होने पर कैसे अपने पैसे निकाल सकता है दूसरे क्लाइंट से।
Supplier registered under MSME as service provider Micro / small category but also doing trading activity. If an entity purchasing goods from such service provider whether section 43B(h) will be applicable
What is the procedure for claiming amount & complaining to RBI ??. Please clarify
Explained very good but if suppose a creditors register recently after budget annoucment. Then what about his previous bills issued before his registration. What will be the position. Can u expalin
do you mean that the credit period allowed on tax invoice is that we call agreement???
is it applicable for presumptive business u/s 44AD, 44ADA and 44AE
I think answer is noooooo 😅
Bahut hi achha se clear ho gya ma'am
Ma'am... Debtors ke liye kya rules ??
Hi Thanks for the explanation on 43bh -- Have one query -- While verifying the udyam registration on the portal, the classification shown for FY 21-22 and 22-23 and not shown for 23-24, so still the registration is valid?
I wish govt would have given incentive to big players to buy goods and make payment fast to MICRO business. Now will have to open another account without registration.
Thank you For importent information.
Mam 1/4/23 se Jo purchases hai sirf unka hi payment 31/3/24 tak karna hai ya purane outstanding ka bhi payment 31/3/24 tak karna hai ?
Applicability of section 43b(h) on Agency commission provision as on 31/3/24 and payment is to made to agent when sale ammount recieved by seller i.e after 31/3/24
Suppose i have msme certificate. Now i have given a bill of certain amount to someone. Now he have to pay me that bill amount within 45 days ... Other wise that will be considered as that person's income or my income? And how will it be decided that 45 days is over and this will be considered as someone's income? How will govt. Know this?
Medam please prepare co operative society Accounts finalization video
Ever since this rule was announced my orders are getting canceled and are moving to big companies. I do not understand weather this rule is for betterment or bitterment of MSME??
Respected Madam, Our creditor is registered under msme small category but, not a manufacturer. Only a trader. We have no agreement with them for supply of goods. In this case will we have to pay within 15 days?
Respected Madam, 45 days or 15 days will be calculated from invoice date or actual receipt of goods by the buyer ? Because Transit period in transport is there.
Invoice date
@@ShoebHasan
Dear Sir, then it is a loss to buyer, because if transportation takes more than 15 days then buyer will have to pay without receipt of goods. Again, if buyer makes invoice but actual delivery from the buyer end to transport will be late, it will also a loss to buyer.
@@debiprasadpanda5807 yes
From the date of acceptance , clearly written in Section 15 which is date of delivery
Very informative video, thanks mam
Jinka audit nhi hota un par. Bhi applicable hai kya??
Madam, if sum payable is not beyond the time limit as on 31-March 2024, it will be deductible in FY 2023-24 only as per normal provisions.
Nice video mam ,it's really helpful and knowledgeable
Sir hamara debtor agar timely payment nh kar h aur wo interest bhi nh de rh h to msme me kaha complaint kar skte h ya fir kya option h aise cases me
Formate of agreement for 45 credit days under 343B[H]
What if I had purchased on 01-05-23 and paid on 30-09-23 does this attract interest , if there is op. balance 1,00,000 /- what will be the basic for interest ? (as there are all giving example from 01-01-24, not before it)
Manufacturers service providers and traders are they all covered under MSME or only manufacturer and service providers are covered. Pls reply
Traders excluded h.but koi clarification nhi h
GD NOON MADAM , Do YOU have an idea of SC hearing of Supreme Court notice on Mrityunjay Kumar’s challenge to CGST Act Section 16(4) WHICH WAS TO BE HEARD ON 5-2-2024 ? ANY UPDATE ON THAT ? . WHETHER IT WAS DECESION IN FAVOUR OF TAX PAYER OR AGAINST TAX PAYER ?
Madam har din ek ek naya section aata hey kinta study koru Kam Jada ho gaya lekhin party ki fees increase Nehi hua
If im not wrong, i understand that, if myself is registered under medium scale then also i have to make payments to all my small and micro suppliers before 15 days if no agreement or within 45 days if agreement
... pls confirm
Kya msme certificate cancel kar skte h?
@@sheetalbisht-tr1hyha kar sakte hai
You are right sir
@@GooglelawThank you
I am MSME registered, I m exporter, what if not received remittance within 45 days. What happen now?
धन्यवाद,Mam
How to know the creditor is trader or manufacturer?
Mam
Taxable amount charge will be on rs - 150000 ?
Traders ismein aa gaya ke nhi. Kuonki. Enterprise ki definition kuch aur hai. So plz clarify traders se purchase ka kya.
Section 2 clause e . Only manufacturer coming or traders bhi
Traders msme main register hosakte h but koi benefit nhi milega isliye traders se purchase per applicable nhi hona chahiye only small or micro enterprise bhale wo msme m ho ya nhi
Those who supply in hospital and do not get payment on due date ?
If purchase from traders is included in MSME... Or only include the manufacturers and services sector..
Please reply
Mam any update regarding GST for including all bank account details in portal
I have a medium enterprise and I am a trader. Am I applicable to pay to my creditors in 45 days who comes under small enterprise category (Manufacturer)?
Mam agar creditor op bal fy 23-24 ka to kya us per bhi tax dena parega kya
Whst if payment is to be received from an individual to whom audit is not applicable. Will this apply ?
Is this section applicable on trading and service provider companies??
Supplier trader h to nhi lgega but risky h
MADAM DUE DATE KE BAAD PAYMENT KAREGE TO INTEREST KA RATE KYA HE OR KISKO INTEREST PAY KERNA PADEGA
Pooja ji - can you check date mentioned in example no. 3 and 15.
Mam aap patnitop kashmir ghumne gyi thi kya 4 to 6 Feb ke beech?
No, but why??
@@CAGuruJi maine dekha tha same aapke jaisi ek ladki.
Me ko lga sayad aap ho maine puchna bhi chaha unse but meri himmat nhi hui unse puchne ki ki aap CA Guru Ji wali mam ho.
Shi kiya naa puch kr..
@Noman_Aadeez Thanks for remembering me 🙏
I am pharma whole saler and my suppliers are multiple Companies
I am not registered in msme
Now I want to confirm article 43 bh is aplicable on or not
Thanks informative video 🙏
Thank you so much Ma'am 🙏
If supplier's turnover is 10 cr, but if he is not registered in MSME ACT than also the act will be applicable
Very informative video thanks
Is there difference between udyog and udhayam
Or both are same
Please clarify mam
Same
Mam agar micro aur small aaps me credit me deal kar Rahe Hai aur dono msme me register hai to ye payment wala 45days lagu hoga?
Every year in which month govt updates MSME classification in the udyam portal
Very Nicely explained
please tell wholesale and retail business is also coming in msme 45 days payment catagory
What if the invoice is before 31st march 2023?
Very nice perfect information thanks 🙏
Ma'am msme assesse ko konsa itr form applicable hoga plsssssssssssssssss
Suppose that party if payment nahi karega if returns kr dega to es criteria me hme kya Krna chahiye taki return nahi kre
What about if my any debtor pay me on acccount not invoice wise
Ma'am in case the purchase is 1-4-2023 then what the due date for payment because this time the rule is not declared
Thank you very much
Jis ke audits nhi hote unke upr be kya apply hain ,
mam is applicable only mfg. service not trading concern
Practical sabhi manlo otherwise kuch bhi ho sakta h end m
Well explained.Thank u
Cheque issued but deducted in bank next financial year
Thanks Madam g 🙏🙏
kya ye import me bhi apply hoga
Thanks ma'am
nice and easy description
But jis vyapari ke paas 45 days me poora amount nahi kar paaya to kya hoga . Ese me kya wo karja karega
All traders association should come along and strike....Because traders receive payment from customers like 4 months 6 months....and traders have to pay to their supplier within 15 days or otherwise have to pay heavy interest on dues...this is unjustice to traders....
bahut babut dhanyavad
As per various deliberations and discussions made, provision regarding payment within 45 days is *not applicable* for purchases made from suppliers who are *exclusively* engaged only in *trading*
The provisions regarding payment within 45 days is *applicable only to suppliers engaged in manufacturing or providing services*
Sir, this your answer is really helpful for us who are in trading, but it's really sad that we have to depend on " discussion" as you said here, means why there is no clarity?
If it's clearly told then lakhs of small traders/supplier like us can have proper clarity about law.
If you can get more clarity then please let us know, to make sure about this law. Bcoz through the year we had made payment to our creditors as per mkt credit set since many years. Now we are in tension. No one has informed about this law since almost this year passed.
Thank you Ma’m
Thanks for simple
Loved the explanation and examples!