Terms of Service

1. Acceptance of Terms

By accessing or using MSMECalc ("the Service"), you agree to be bound by these Terms of Service. If you do not agree, please do not use the Service. The Service is operated by MSMECalc and is intended for use by finance professionals, chartered accountants, CFOs, and business owners for MSMED Act, 2006 compliance purposes.

2. Description of Service

MSMECalc provides tools to calculate interest on delayed payments to MSME suppliers under Section 16 of the MSMED Act, 2006, generate Section 22 financial statement disclosure notes, and track vendor payment records. The Service is provided on a freemium basis — a free tier with limited features and a Pro subscription with full access.

3. User Accounts

• You must provide a valid email address to create an account.
• You are responsible for maintaining the confidentiality of your account.
• One account may manage one company profile (additional companies may be available in future plans).
• You must not share your account credentials with others.
• We reserve the right to suspend accounts that violate these terms.

4. Compliance Disclaimer

The interest calculations and disclosure notes generated by MSMECalc are for informational and reference purposes only. They do not constitute legal, financial, or professional advice.

While we endeavour to keep interest rate data and calculation logic accurate under the MSMED Act, 2006, you should independently verify all figures with a qualified Chartered Accountant or legal adviser before using them in financial statements, court proceedings, or any formal compliance filings. MSMECalc shall not be liable for any inaccuracies, omissions, or reliance on the generated output.

5. Acceptable Use

You agree not to:

• Use the Service for any unlawful purpose or in violation of any applicable Indian laws.
• Attempt to reverse-engineer, scrape, or extract data from the Service by automated means.
• Upload or enter any data belonging to a third party without their consent.
• Misrepresent the output of this tool as a certified CA opinion or legal document.
• Circumvent the Free tier limits by creating multiple accounts.

6. Subscription and Payments

• Pro subscriptions are billed monthly or annually via Stripe.
• Payments are non-refundable except as required by applicable law.
• We may change Pro pricing with 30 days' notice to existing subscribers.
• Downgrading to Free tier will take effect at the end of the current billing period. Bills and vendors exceeding free tier limits will become read-only.

7. Intellectual Property

All content, software, and trademarks on the Service are owned by or licensed to MSMECalc. You retain ownership of the data you enter. By using the Service, you grant us a limited licence to store and process your data solely to provide the Service to you.

8. Limitation of Liability

To the maximum extent permitted by law, MSMECalc shall not be liable for any indirect, incidental, special, or consequential damages arising from your use of the Service, including but not limited to penalties, interest claims, regulatory action, or financial losses arising from reliance on calculated figures. Our total aggregate liability shall not exceed the amount you paid us in the preceding 12 months.

9. Governing Law

These Terms are governed by the laws of India. Any disputes shall be subject to the exclusive jurisdiction of the courts of Mumbai, Maharashtra.

10. Changes to Terms

We may update these Terms at any time. Material changes will be communicated via email or an in-app notice. Continued use of the Service after changes constitutes your acceptance.

11. Contact

Questions about these Terms? hello@msmecalc.in