| Due date for making payment to MSME Creditors and calculation of Interest |
| Particulars | IF Payment Terms not Decided (Make Payment within 15 Days) | If Payment Decided for – |
| Less than 45 Days (for example 30 days) | More than 45 Days (Make Payment within 45 Days) |
| Purchase/Expense Date : 20/11/23 Outstanding on : 06/01/2024 | Due date = 04/12/23 Interest will be calculated from 05/12/23 with monthly compounding rate which is three times than as decided by RBI to be paid to supplier and this expense of Purchase and Interest both will also be disallowed in income tax return. | Due date = 20/12/23 and Interest will be calculated from 21/12/23 with monthly compounding rate which is three times than as decided by RBI to be paid to supplier and this expense of Purchase and Interest both will also be disallowed in income tax return. | Due date =04/01/23 and Interest will be calculated from 05/01/23 with monthly compounding rate which is three times than as decided by RBI to be paid to supplier and this expense of Purchase and Interest both will also be disallowed in income tax return. |
| Purchase Date : 01/02/24 Outstanding on : 31/03/24 | Due date = 15/02/24 Interest will be calculated from 16/02/24 with monthly compounding and rate is three times than as decided by RBI to be paid to supplier and this expense of Purchase and Interest both will also be disallowed in income tax return. | Due date = 02/03/24 and Interest will be calculated from 03/03/24 with monthly compounding rate which is three times than as decided by RBI to be paid to supplier and this expense of Purchase and Interest both will also be disallowed in income tax return. | Due date =17/03/24 and Interest will be calculated from 18/03/24 with monthly compounding rate which is three times than as decided by RBI to be paid to supplier and this expense of Purchase and Interest both will also be disallowed in income tax return. |
| Purchase Date : 01/03/24 Outstanding on : 31/03/24 | Due date = 15/03/24 Interest will be calculated from 16/03/24 with monthly compounding rate which is three times than as decided by RBI to be paid to supplier and this expense of Purchase and Interest both will also be disallowed in income tax return. | Due date = 30/03/24 and Interest will be calculated from 31/03/24 with monthly compounding rate which is three times than as decided by RBI to be paid to supplier and this expense of Purchase and Interest both will also be disallowed in income tax return. | Due date = 14/04/24 and Interest will be calculated from 15/04/24 with monthly compounding rate which is three times than as decided by RBI to be paid to supplier and this expense of Purchase and Interest both will also be disallowed in income tax return, If not paid till 14/04/24. |
| Purchase Date : 31/03/24 Outstanding on : 31/03/24 | Due date = 14/04/24 Interest will be calculated from 15/04/24 with monthly compounding rate which is three times than as decided by RBI to be paid to supplier and this expense of Purchase and Interest both will also be disallowed in income tax return, If payment not made till 14/04/24. | Due date = 29/04/24 and Interest will be calculated from 30/04/24 with monthly compounding rate which is three times than as decided by RBI to be paid to supplier and this expense of Purchase and Interest both will also be disallowed in income tax return, If not paid till 29/04/24. | Due date = 14/05/24 and Interest will be calculated from 15/05/24 with monthly compounding and rate is three times than as decided by RBI to be paid to supplier and this expense of Purchase and Interest both will also be disallowed in income tax return, If not paid till 14/05/24. |
