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    MSME

    Posted By : Sachin / Published on : 10-Mar-2021 01:46 PM / View : 1278 / Comment : 1

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    Can anyone please say how to calculate delayed payment interest if we are applying through msme portal
    Read more on : msme

    • Calculating delayed payment interest through the MSME portal involves determining whether there has been a change in the bank rate during the default period. The interest rate is calculated based on the bank rate at the time of default. The penal interest is calculated as 10/30 multiplied by 1% (0.33%) per month, assuming a month has 30 days.

      For more detailed information and specific calculations, you may refer to the official documentation provided by the MSME portal or consult with professionals familiar with MSME regulations.

      https://taxconcept.net/mca-roc/msme-annual-compliance-interest-on-delay-payment-to-msmes/angry gran

      21-09-2023 / 08:33:50 AM
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