Firms with Rs 250-cr turnover rush to register on TReDS as March 31 deadline nears
Firms with Rs 250-cr turnover rush to register on TReDS as March 31 deadline nears
NEW DELHI: Companies with annual turnover of Rs 250 crore are making a beeline to register on Trade Receivables Discounting System (TReDS) platform to comply with MSME ministry's deadline of March 31.
As per the government notification, all companies with a turnover exceeding Rs 250 crore, along with Central Public Sector Enterprises (CPSEs) involved in procurement from MSMEs, are required to register on the TReDS platform by March 31, 2025.
At present, it is mandatory for all CPSEs and companies with turnover of more than Rs 500 crore to get themselves onboarded with TReDS platform.
