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Why MSMEs want a review of Section 43B(h)?
Section 43B(h) of Income Tax Act - mandating payment to micro and small enterprises (MSEs) within 45 days of supply - was welcomed when announced in Budget 2023-24. However, MSEs are now facing a peculiar problem of losing orders from large firms because of it. Rakesh Rao explores more on this issue and the road ahead.Read more
GeM Portal Empowers Micro and Small Enterprises: Sales Set to Exceed $20 bn
GeM, the public procurement portal launched on August 9, 2016, facilitates online purchases of goods and services for all central government ministries and departments.Read more