MSME Payment & Year-End Tax Checker
Check when a micro or small supplier must be paid, which year your tax deduction falls in, and the indicative interest on late payment. Check one invoice, or up to 20 at once for a year-end review.
🔒 Your entries stay on your device. Nothing is submitted, stored or sent to us. Supplier names are not needed.
How this check works
Buyers must pay micro and small enterprises within 15 days of accepting the goods or services where there is no written agreement, or within the agreed period where there is one, up to a maximum of 45 days. Acceptance is the day of delivery, unless a written objection is raised within 15 days, in which case it is the day the objection is resolved.
If payment is made late, interest is payable at three times the RBI bank rate, compounded with monthly rests, and that interest is not deductible for income tax. The expense itself is deductible only in the year it is actually paid: under Section 43B(h) of the Income-tax Act, 1961 up to FY 2025-26, and under Section 37(2)(g) of the Income-tax Act, 2025 from Tax Year 2026-27. Paying before the return due date does not preserve the earlier year's deduction.
The rules apply to suppliers registered as micro or small enterprises carrying on manufacturing or services, not to medium enterprises or traders.
The MSMED (Amendment) Act, 2026 received assent on 13 August 2026. Its provisions take effect from dates to be notified by the Central Government, and this tool will be updated as they commence.
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