Mses
Exporters urge exemption from 45-day payment rule for supplies from MSEs
Indian exporters have urged the government to exempt them from the 45-day payment rule for goods bought from micro and small enterprises (MSEs) as it will impact their businesses. In a letter to Prime Minister Narendra Modi, chiefs of major export promotion councils and federation of Indian export organisations have appealed to waive the export companies from section 43B(h) of the Income Tax law. The new rule, Section 43B(h) of the Income Tax Act, introduced in the Finance Act 2023, is designed to make sure small businesses get paid on time. It allows companies to get tax breaks if they pay their small business suppliers within the time limits set by the MSMED (Micro, Small and Medium Enterprises Development) Act, 2006. Especially, companies must pay within 45 days if there is an agreement, and within 15 days in the absence of such a pact. If they do not meet these deadlines, they can not deduct these expenses for tax purposes. "Our humble request is to consider the export communit
 "Exporters urge exemption from 45-day payment rule for supplies from MSEs")
Govt eMarketplace doubles its order value to Rs 4 trillion in FY24
MSE sellers accounted for nearly 50% of the total order values on GeM, while the Ministry of Defence emerged as the top buyer in the financial year 2023-24
 "Govt eMarketplace doubles its order value to Rs 4 trillion in FY24")
Disposal of delayed payment cases by micro, small industries at 5-year low
The government in the Budget announced that buyers would be allowed to claim a tax deduction for payments made to MSMEs only after they make a payment to them
 "Disposal of delayed payment cases by micro, small industries at 5-year low")
MSE sentiment down for the third quarter in a row: CRISIL-SIDBI survey
The reading on the index for January-March 2019 was 122; it was 128 in the October-December 2018 quarter and 124 in the July-September 2018 quarter
 "MSE sentiment down for the third quarter in a row: CRISIL-SIDBI survey")
Economic slowdown impact: Small biz sentiment at 1-yr low, says CriSidEx
According to the eighth edition of the CriSidEx survey, sentiment fell during Q2 to 106. It was 120 in Q1
CRISIL SME Tracker: For MSEs, men's apparel is where the money is
CRISIL-rated MSEs in men's apparel had an average operating profit margin of 9.8 per cent - a good 200 bps more compared with those in kids' and women's apparel
 "CRISIL SME Tracker: For MSEs, men's apparel is where the money is")
Credit guarantee to MSEs to double at Rs 40K cr in current fiscal: Secy
The government will also explore ways to utilise non-budgetary instruments
 "Credit guarantee to MSEs to double at Rs 40K cr in current fiscal: Secy")
