Consideration, Payment, Interest and MSME Compliance
Payment clauses are drafted by people thinking about price and litigated by people thinking about cash flow, and the one provision that now decides whether the buyer keeps his deduction is the one nobody reads: the payment period against a micro or small supplier.
- 6 pages
- 53
- Word and PDF
- 14 September 2026
The 3 formats inside
- 1Charges, invoicing and payment, clause setwith the invoice particulars and the dispute mechanicOn its own₹149
- 2MSME declaration and payment clause setfor the buyer’s file and the supplier’s protectionOn its own₹149
- 3Interest, set-off, escalation and security for payment, clause setthree postures on eachOn its own₹149
Read the opening
The first part of “Charges, invoicing and payment, clause set”, as it downloads. Blanks are highlighted.
CHARGES, INVOICING AND PAYMENT
6.1 Charges. In consideration of the performance of the Services, the Customer shall pay the Supplier the Charges set out in Schedule [Schedule number: Charges]. The Charges are exclusive of goods and services tax and of any other Tax, which is dealt with in clause [Clause number of tax (GST and other taxes)], and are inclusive of all costs of the Supplier of performing the Services, including the salaries, statutory contributions and insurance of its personnel, travel within [the Mumbai Metropolitan Region], communications, equipment, software licences used by the Supplier, packing, freight and insurance to the Delivery Point, and all licence, permit and registration fees payable by the Supplier. No other charge is payable unless the Customer has approved it in writing in advance.
6.2 When the Supplier may invoice. The Supplier may issue an invoice: (a) for Services charged on a time basis, monthly in arrear, after the end of the month to which the Services relate; (b) for Services charged on a milestone basis, on the Customer’s acceptance of the relevant milestone in accordance with clause [5.6] or on deemed acceptance under that clause; and (c) for goods, on despatch against a delivery challan acknowledged by the Customer. No invoice may be issued in advance of the event which entitles the Supplier to issue it.