MSME dues
AccountingAmounts payable to suppliers registered as micro or small enterprises, which the MSMED Act, 2006 requires to be paid within the agreed period and in any case within 45 days, and which companies must disclose separately.
In plain terms
An overdue MSME balance is a tax item as well as a working capital one: delayed payment carries statutory interest, and the income tax law defers the deduction to the year of actual payment where the time limit is breached. If it is biting, it shows up by name in the tax reconciliation note.