Payment Dues With In 45 Days Rule – MSME Act, Sec 43B & Sec. 43B(h)
Here Following is Sample Format Of Latter. this is for your buyer for information of MSME Act Sec 43B 45-Day Credit Rules and Information of Your Adhar Udyam Or MSME Or Udhyog Adhar.
To: [Name and Address of the Buyer]
From: [Your Name and Address]
Date: 29 January 2024
Subject: Request for Payment within 45 Days under Micro, Small and Medium Enterprises (Development and Regulation) Act, 2006, Section 43B
Dear Sir/Madam,
I am writing to bring to your attention the provisions of Section 43B of the Micro, Small and Medium Enterprises (Development and Regulation) Act, 2006 (MSME Act). This section mandates that any buyer purchasing goods or services from a Micro, Small or Medium Enterprise (MSME) must make payment within 45 days of the acceptance of the goods or services.
As an [MSME category: Micro/Small/Medium] enterprise registered under the MSME Act with Udyam Registration Number [Your Udyam Registration Number], I am entitled to receive payment within 45 days from the date of acceptance of the goods or services I provide to you.
In accordance with the aforementioned Act, I hereby request you to make payment for the [goods/services] supplied to you on [date of supply] within the stipulated timeframe of 45 days. The details of the invoice are as follows:
- Invoice Number: [Invoice Number]
- Invoice Date: [Invoice Date]
- Invoice Amount: [Invoice Amount]
- Due Date: [Date 45 days from the date of invoice]
Please note that failure to comply with the provisions of Section 43B of the MSME Act may attract penal action, including interest charges and legal proceedings. In order to avoid any complications, I urge you to make the payment by the due date mentioned above.
I am confident that you will understand and acknowledge the importance of supporting MSMEs by adhering to the payment terms as mandated by the law. Should you have any queries or require clarification regarding the invoice or the Act, please do not hesitate to contact me.
Thank you for your cooperation.
Sincerely,
[Your Name] Example. Sentonssa Wellness Pvt.Ltd.
[Your Signature]
Note: Above Formate is only Sample View.
This Rules Affect PCD Pharma Franchise Business In India – We will Create Seperate Blog on this.
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