4 ms·
But we need to simplify things. As an Indian business serving Indian customers I can tell you that the whole thing is pretty fucked up. I cannot put it more pol
by lisperforlife 15y ago
But we need to simplify things. As an Indian business serving Indian customers I can tell you that the whole thing is pretty fucked up. I cannot put it more politely than this. Most of the enterprise clients of mine have 30 to 60 day payment cycles which involve a lot of paper, rubber stamps and signatures. That is just retarded. To add insult to injury the government expects you to pay service tax (due on the date of invoice) for the money that you have not collected yet. I regret setting up a business in India. There are too many unsavoury things to deal with.
- mattmanser 15y ago30 to 60 day payment cycles are in every country, nothing special about India. One main contractor I worked for in the UK (manages the building of buildings) used to have a dashboard showing how late payments to them were in 30, 60, 90, 90+ slots. There are plenty of guides and advice on what you should be doing to avoid this as an SME or sole contractor.