https://www.taxtmi.com/article/detailed?id=10338 Section 15 mandates timely payment and accelerated interest for delay; Section 18 enables reference to the Micro and Small Enterprises Facilitation Council for conciliation and arbitration, subject to territorial limits. The council's jurisdiction requires the supplier to be located within its territorial area and hinges on the supplier's registration under the Act at the time disputes arise; if a party is outside India or registration post-dates the contract, the Act's dispute-resolution regime will not necessarily apply. en-us Sat, 02 Apr 2022 10:03:55 +0530 Sat, 02 Apr 2022 10:03:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10338 Section 15 mandates timely payment and accelerated interest for delay; Section 18 enables reference to the Micro and Small Enterprises Facilitation Council for conciliation and arbitration, subject to territorial limits. The council's jurisdiction requires the supplier to be located within its territorial area and hinges on the supplier's registration under the Act at the time disputes arise; if a party is outside India or registration post-dates the contract, the Act's dispute-resolution regime will not necessarily apply. Articles Other Topics Sat, 02 Apr 2022 10:03:55 +0530 https://www.taxtmi.com/article/detailed?id=10338