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Shubham Jain
Partner @ Finshark A...ย โขย 4m
Mandatory TReDS Onboarding for Companies with Turnover Above โน250 Crores As per Gazette Notification S.O.-4845E dated 7th November 2024, all companies with a turnover exceeding โน250 crores are required to onboard the Trade Receivables Discounting System (TReDS) platform by 31st March 2025. What is TReDS? TReDS (Trade Receivables Electronic Discounting System) is an online platform that facilitates the factoring of trade receivables for MSME sellers. It allows invoices to be discounted through an auction mechanism, ensuring faster realization of payments. The primary goal of TReDS is to address the cash flow challenges faced by Micro, Small, and Medium Enterprises (MSMEs). This requirement aims to enhance liquidity and timely payments for MSMEs, strengthening the overall business ecosystem.
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