Here are a few tips for you to get your money!
After relentless follow up also if you are not able to recover your payments from non msme or msme customers here is a simple solution.
Do you know that any large corporate not making payment to msmes within 45 days of the transaction is liable to pay interest at the rate of 3 times the Bank rate as defined by RBI. Auditors of such large corporates are also required to ensure that such delayed payments interest is provided for in the books of corporates. If you are facing this kind of difficulty 10 the first thing that you need to ensure is that your udyam registration is active and live second you need to ensure that you have maintained a proper trail of your follow up with the large corporate for collection of payment for example you must have written some emails requesting them to pay the amount due or you missed me I have send some messages you may have made some phone calls you need to maintain a proper sequence of these things and document it that this is when you had followed up with them and if there is a response that you have received from them then that also needs to be kept on record once you create this database then you can log on to the msme samadhan portal login with your udyam registration it guides you through an otp procedure to login safely.
After you log in it will ask you to upload the documents which should be will include the order that the customer has given to you all its terms and conditions the invoices that you have raised when you made the supplies of the product or the service and also the follow up emails that you have sent so all these documents you have to upload and you have to exactly describe your grievance on the portal that will get registered you will receive a confirmation and then you can check the status of that complaint..
Click here to watch our earlier business videos on our YouTube channel Maxentra
Links for all Business Articles: