As per the newly inserted “clause (h)” under section 43B of the Income Tax Act 1961, businesses must pay micro and small enterprise vendors/suppliers within 15 days of receiving goods/services, or within 45 days if there is a written agreement. Failure to pay within these timelines results in the amount being added to the buyer’s income for tax purposes, with a deduction allowed in the year the payment is made.
Given this requirement, it is now essential for buyers to know if their vendors/suppliers are registered under the MSME Act. Below is a request letter format for obtaining a declaration of registration under the Micro, Small and Medium Enterprises Development Act 2006 (MSME Act) from vendors/suppliers.
So, if you Need a Letter of Declaration of Registration under the MSME Act? Check out the top 6 supplier templates to ensure legal compliance and streamline operations.
Letter Format 1 : Simple and Direct
This MSME Declaration letter is in simple language & written in direct message. You can add additional information as per your need.
Letter Format 2: Detailed with Supporting Information
This MSME Declaration letter is in detailed with supporting information as required, you can change it as per your need.
Letter Format 3: Formal and Comprehensive
This Letter for Declaration of Registration Under MSME Act and made in Formal and comprehensive language. kindly read it, download it in word file, and change it as per your need and requirement.
Letter Format 4: Brief and Professional
Find here Brief and professional letter of declaration of MSME act 2006, Declaration of MSME Registration. you can change after downloading, as per your requirement.
Letter Format 5: Informative with Emphasis on Compliance
Registered entity under the Micro, Small, and Medium Enterprises (MSME) Act2006, Letter for Declaration of Registration- Informative with Emphasis on Compliance.
Letter Format 6: Detailed Declaration
A Detailed declaration letter for MSME Act 2006, Letter for Declaration of Registration Under MSME Act From Suppliers download in word file and edit as per your need and requirement.
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Nazim Khan (Author) 📞 +91 9536250020
[MBA in Finance]
Nazim Khan is an expert in Microsoft Excel. He teaches people how to use it better. He has been doing this for more than ten years. He is running this website (TechGuruPlus.com) and a YouTube channel called "Business Excel" since 2016. He shares useful tips from his own experiences to help others improve their Excel skills and careers.
