Lots of Order Cancellations Due to the New MSME Payment Rule

The federal government has imposed a new rule forcing buyers to repay payments for goods purchased from Micro, Small, and Medium Enterprises (MSMEs) within 45 days of delivery, which is a significant development for the assessment year 2024–2025. Furthermore, by March 31, 2024, all outstanding debts to MSMEs must be settled. If these deadlines are…