MSME delayed payment: Check updated online process to file application against your buyer
financialexpress.comDelay in recovering dues from businesses for goods and services sold is one of the biggest challenges MSMEs face in the country. According to the delayed payment monitoring portal by the government MSME Samadhaan, 1.89 lakh delayed payment applications have been filed by MSMEs involving Rs 43,160 crore since October 2017, of which only 36,074 cases involving Rs 6,235 crore have been disposed of by the facilitation councils.
In case you are looking for the online process of filing an application against your buyer who hasn’t paid your dues within 45 days of generating an invoice, here’s the step-by-step procedure:
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