Firms with Rs 250 cr turnover rush to join TReDS before March 31 deadline

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Firms with Rs 250 cr turnover rush to join TReDS before March 31 deadline - Business Standard

Quick Summary:

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.

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.

According to M1xchange director Sundeep Mohindru, there has been a significant surge in onboarding requests following the November 7, 2024 MSME Ministry notification.