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Latest updates: Stay ahead with the legal knowledge power

  • MSME size limits revised (effective 1 Apr 2025): Govt. raised investment/turnover thresholds—more firms now qualify as Micro/Small/Medium. Action: re-check your Udyam status and update benefits.
  • GST e-invoice: 30-day IRP reporting now for AATO ≥ ₹10 cr (from 1 Apr 2025). Action: set ERP cut-offs, add a 30-day control.
  • GST e-invoice still mandatory for AATO ≥ ₹5 cr: If you cross ₹5 cr, e-invoicing applies. Action: ensure IRP readiness even if you’re <₹10 cr.
  • Pay MSMEs on time or lose tax deduction (Sec. 43B(h), AY 2024-25 onward): Buyer’s expense deduction is allowed only when paid if dues to registered Micro/Small vendors exceed 15/45 days. Action: tag Udyam suppliers, tighten AP cycles.
  • ROC half-yearly filing: MSME-1 (overdues >45 days): Companies must report outstanding dues to Micro/Small suppliers; typical due dates are Apr 30 and Oct 31. Action: run vendor ageing; file MSME-1 on MCA V3.
  • DPDP Act (data protection) rulemaking in final stage: Draft rules circulated; final rules expected—employee data treated like customer data. Action: start privacy readiness (consent logs, notices, grievance officer).
  • TReDS / receivables discounting—renewed push: Corporates nudged to onboard; RBI governance norms apply to platforms. Action: MSMEs should register on a TReDS platform to improve cash flow.

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Stay updated with the latest legal news, insights, and expert advice from our team of legal professionals.

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