Delayed Payments: The Cash Flow Crunch for MSMEs

60%  of MSMEs in India experience delayed payments

Government Steps In:  Timely Payments for MSMEs

Don't Be Late: Penalties for Delayed Payments

Late payments lead to tax disallowances for the buyer company

Another penalty:

Compound interest on the outstanding amount at a rate of 3 times the RBI bank rate

And will be - 

Mandatory filing of a report with the Registrar of Companies explaining the delay

Timely Payments:  A Lifeline for MSMEs

Faster payments can increase MSME revenue by up to 20%