AI Modules/Working Papers/AP एजिंग

MSMED Act 2006· पत्र

AP एजिंग

Payables एजिंग सोबत MSME bifurcation per MSMED Act 2006.

Start the free trial →Book a walk-through

Schedule III amendment 2021 mandates एजिंग buckets साठी trade payables. The MSMED Act 2006 adds the आवश्यकता ला split payables into MSME registered suppliers आणि other suppliers, सोबत Section 15 व्याज disclosure साठी delays beyond 45 दिवस. CORAA composes both views: the मानक Sch III buckets, आणि the MSME-vs-others split सोबत व्याज accrual.

Five Sch III amendment 2021 buckets
MSME vs non-MSME split per MSMED Act 2006
Section 15 व्याज disclosure साठी delays beyond 45 दिवस
Party-wise वर Tier II, bill-wise वर Tier III
Feeds टीप 23 Trade Payables आणि टीप 8 disclosures
Form 3CD Clause 22 MSME disclosure auto-populated

Two paths, one ledger

The old way, and ours.

Two paths to the same audit conclusion. One leaves traces; the other doesn't.

Traditional

The old way

-AP एजिंग built पासून accounting system वर्ष-end अहवाल
-MSME ओळख द्वारे manually cross-checking Udyam certificates
-Section 15 व्याज accrual computed मध्ये Excel per supplier
-Form 3CD Clause 22 disclosure prepared separately

AP एजिंग build time: 3-5 तास. MSME अनुपालन frequently incomplete.

CORAA

On the Ledger

लाइव्ह AP एजिंग as च्या any reference date
MSME flag वर Party Master drives the bifurcation
Section 15 व्याज auto-computed साठी MSME payables over 45 दिवस
टीप 23 Trade Payables (MSME split) auto-populated
Form 3CD Clause 22 MSME disclosure flows पासून हे WP

AP एजिंग instant. MSME अनुपालन पूर्ण द्वारे Tier II.

How it works

Three steps. Every trace logged.

Step 01

MSME ओळख वर एंगेजमेंट सेटअप

Party Master uploaded सोबत MSME flag (Udyam नोंदणी Number कुठे available). CORAA flags MSME registered suppliers साठी Section 15 व्याज tracking.

Step 02

एजिंग composition

Per-payable दिवस outstanding computed as च्या the BS date. Five Sch III buckets aggregate the totals. Per-supplier एजिंग renders वर Tier II; per-बीजक वर Tier III.

Step 03

Section 15 व्याज accrual

साठी MSME-registered suppliers, payables outstanding beyond 45 दिवस पासून the appointed date attract व्याज under Section 15 च्या the MSMED Act 2006. CORAA computes the व्याज accrual वर 3 times the बँक rate, flagged साठी management acknowledgement.

Inside the module

What you actually get.

MSMED Act 2006 MSME bifurcation

Supplier MSME नोंदणी status drives the bifurcation. MSME registered suppliers आहेत tracked separately साठी the appointed date, principal payment, आणि any व्याज accrued under Section 15.

›MSME / non-MSME split per supplier
›Udyam नोंदणी tracked
›Appointed date capture
›Principal vs व्याज disclosure

Section 15 व्याज computation

Section 15 च्या MSMED Act 2006 prescribes व्याज वर 3 times the बँक rate (currently around 13.5% effective rate) साठी delays beyond 45 दिवस. CORAA auto-computes हे साठी every MSME payable सोबत appropriate एजिंग.

›3x बँक rate computation
›Per-supplier व्याज accrual
›Disclosure टीप pre-filled
›ऑडिट log captures the assumed बँक rate

टीप 23 Trade Payables auto-fill

टीप 23 च्या Schedule III आवश्यक आहे the MSME / non-MSME split सोबत appointed dates आणि व्याज disclosure. CORAA auto-fills हे पासून the AP एजिंग data; लेखापरीक्षक confirms accuracy.

›टीप 23 टेम्पलेट
›MSME / non-MSME aggregate totals
›Appointed date capture
›व्याज amount accrued आणि paid

Form 3CD Clause 22 integration

Form 3CD Clause 22 asks साठी the same MSME disclosure. CORAA reuses the AP एजिंग data; no re-keying आवश्यक.

›Clause 22 auto-population
›Cross-tie ला टीप 23 enforced
›लेखापरीक्षक verifies आणि confirms

Frequently asked

Answers, up front.

Three signals: (1) the लेखापरीक्षक flags the supplier as MSME मध्ये the Party Master सोबत Udyam नोंदणी Number, (2) the GSTIN नोंदणी type indicates MSME, (3) the auditee प्रदान करते एक MSME declaration list. CORAA वापरते signal 1 as authoritative; signals 2 आणि 3 surface as suggestions साठी the लेखापरीक्षक ला पडताळणी करा.

Under the MSMED Act 2006, the appointed date आहे the date जेव्हा payment becomes due (15 दिवस पासून supply किंवा as agreed मध्ये writing, capped वर 45 दिवस). After हे date, व्याज accrues वर 3 times the बँक rate. CORAA captures the appointed date per बीजक जेव्हा bill नोंदणी करा आहे loaded; otherwise वापरते 15 दिवस पासून बीजक date as default.

Disputed status आहे captured मध्ये the Party Master सोबत एक ऑडिट log entry. The disclosure टीप मध्ये टीप 23 surfaces the dispute; the लेखापरीक्षक decides whether ला प्रदान करा साठी the व्याज किंवा disclose the contingent liability per AS 29.

See it on a real ledger

Run ap एजिंग on one of your engagements.

Bring a Trial Balance and a General Ledger. We'll walk through working papers end-to-end on your data, not a sandbox.

Start the free trial →Book a walk-through