The article in the Businessline of March 3, 2023 outlines digital solution to the financial woes of delayed payments and defaults in trade credit network. It also suggests  linking  GSTN, Income Tax and Udyam Registration portals for an effective and efficient  implementation of  the Budget 2023’s  proposal to cover payments to micro and small units under Section  43B of Income Tax Act.  It can also be useful to digitally monitor payment requirements under Section 15 of MSME Act. The  link to the article :
Credit
B L CHANDAK,
Ex-DGM, SIDBI,
