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1% late payment interest levied by Finance ministry

1% late payment interest levied by Finance ministry

by munimji | Jul 4, 2020 | Finance & Economy, News & Insights

The government has decided to levy 1% interest per month on the late payments for the purchases made on the Government e-Marketplace (GeM) with an aim of improving the discipline, timely payments to the vendors. “It is decided that whenever a Consignee Receipt and...

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