File your delayed-payment claim, compute statutory interest at 3× the RBI bank rate, send a demand notice the buyer's auditor can't ignore, and escalate to the MSME ODR portal — sab kuch ek engine me.
Most sellers chase on WhatsApp, lose the relationship anyway, and never claim the interest the statute already grants them. The buyer's cost of delaying you is zero — until you make it expensive.
Upload invoices, agreement, GST & KYC documents. Buyer identified by GSTIN. Appointed day computed automatically.
A Chartered Accountant verifies your ledger and dues — every claim is document-backed, not an allegation.
Statutory compound interest at 3× the RBI bank rate, month-by-month schedule, court-ready.
One letter citing MSMED + the 43B(h) tax disallowance + Form 3CD Clause 22. CFO ko CC karo — payment often follows.
Still unpaid? We prepare your reference for the MSME ODR portal — conciliation, then arbitration.
Award in hand. Buyer wants to challenge? 75% deposit first. The equation has flipped.
Whatever the PO says, payment beyond 45 days of acceptance is a statutory default. No agreement? 15 days.
3× RBI bank rate, compounded with monthly rests, from the appointed day. Currently ~16.5% p.a. The buyer cannot contract out of it.
The buyer's expense on your unpaid bill is disallowed in their tax computation until paid. Their own CA becomes your follow-up team.
To challenge an MSEFC award, the buyer must first deposit 75% of it. Delay stops being a free strategy.
MSMED Act delayed-payment remedies are for registered Micro and Small enterprises. Udyam registration is free and online — get it first; remedies generally apply to supplies made while registered. Medium enterprises can still use the demand-notice and civil routes.
The first step is a professional demand notice, not litigation. In practice, the 43B(h) tax angle lets the buyer's own finance team push the payment internally — aapko villain banne ki zaroorat nahi.
The statutory rate is 3× the RBI bank rate prevailing during the delay. Our system syncs the bank rate from RBI automatically and applies it period-wise in the computation schedule.
No. VittSphere Recover is a document-automation and case-preparation engine. Where representation before a Council or court is needed, we help you work with an advocate. CA-verified claims, statute-based computations — but your counsel signs off on litigation strategy.
Free account banao, pehla claim file karo. Interest aaj se nahi — appointed day se count hota hai.
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