AI Modules/Working Papers/AP Ageing

MSMED Act 2006· पत्र

AP Ageing

MSMED Act 2006 ଅନୁଯାୟୀ MSME ବିଭାଜନ ସହ ଦେୟ ଏଜିଙ୍ଗ।

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Schedule III amendment 2021 mandates ageing buckets for trade payables. The MSMED Act 2006 adds the requirement to split payables into MSME registered suppliers and other suppliers, with Section 15 interest disclosure for delays beyond 45 ଦିନ. CORAA composes both views: the standard Sch III buckets, and the MSME-vs-others split with interest accrual.

Sch III ସଂଶୋଧନ 2021 ର ପାଞ୍ଚଟି ବ୍ୟାଗ
MSMED Act 2006 ଅନୁଯାୟୀ MSME ବନାମ ଅଣ-MSME ବିଭାଜନ
Section 15 interest disclosure for delays beyond 45 ଦିନ
Tier II ରେ ପାର୍ଟି-ଭିତ୍ତିକ, Tier III ରେ ବିଲ-ଭିତ୍ତିକ
Note 23 ବ୍ୟାପାର ଦେୟ ଓ Note 8 ପ୍ରକାଶ ଭରଣ
Form 3CD Clause 22 MSME ପ୍ରକାଶ ସ୍ୱୟଂ-ଭରଣ

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 ageing built from accounting system year-end ରିପୋର୍ଟ
-Udyam ପ୍ରମାଣପତ୍ର ହାତରେ ଯାଞ୍ଚ କରି MSME ଚିହ୍ନଟ
-ଯୋଗାଣକାରୀ ଅନୁଯାୟୀ Excel ରେ Section 15 ସୁଧ ସଞ୍ଚୟ ଗଣନା
-Form 3CD Clause 22 ପ୍ରକାଶ ଅଲଗା ଭାବେ ପ୍ରସ୍ତୁତ

AP ageing build ସମୟ: 3-5 ଘଣ୍ଟା. MSME ଅନୁପାଳନ frequently incomplete.

CORAA

On the Ledger

ଲାଇଭ୍ AP ageing as of any reference date
Party Master ର MSME ଚିହ୍ନ ବିଭାଜନ ଚାଳିତ କରେ
Section 15 interest auto-computed for MSME payables over 45 ଦିନ
Note 23 ବ୍ୟାପାର ଦେୟ (MSME ବିଭାଜନ) ସ୍ୱୟଂ-ଭରଣ
Form 3CD Clause 22 MSME ପ୍ରକାଶ ଏହି WP ଠାରୁ ଆସେ

AP ageing instant. MSME ଅନୁପାଳନ complete by Tier II.

How it works

Three steps. Every trace logged.

Step 01

MSME identification at ଏଙ୍ଗେଜମେଣ୍ଟ୍ Setup

Party Master MSME ଚିହ୍ନ ସହ (ଉପଲବ୍ଧ ଥିଲେ Udyam Registration Number ସହ) ଅପଲୋଡ ହୁଏ। CORAA Section 15 ସୁଧ ଟ୍ରାକ ପାଇଁ MSME ନିବନ୍ଧିତ ଯୋଗାଣକାରୀ ଚିହ୍ନ ଦିଏ।

Step 02

ଏଜିଙ୍ଗ ସଂଗଠନ

Per-payable ଦିନ outstanding computed as of the BS date. Five Sch III buckets aggregate the totals. Per-supplier ageing renders at Tier II; per-ଚାଲାନ୍ at Tier III.

Step 03

Section 15 ସୁଧ ସଞ୍ଚୟ

For MSME-registered suppliers, payables outstanding beyond 45 ଦିନ from the appointed date attract interest under Section 15 of the MSMED Act 2006. CORAA computes the interest accrual at 3 times the bank rate, flagged for management acknowledgement.

Inside the module

What you actually get.

MSMED Act 2006 MSME ବିଭାଜନ

ଯୋଗାଣକାରୀ MSME ନିବନ୍ଧନ ସ୍ଥିତି ବିଭାଜନ ଚାଳିତ କରେ। MSME ନିବନ୍ଧିତ ଯୋଗାଣକାରୀଙ୍କ ନିୟୋଜନ ତାରିଖ, ମୂଳ ଦେୟ, ଓ Section 15 ତଳ ଯେ କୌଣସି ସଞ୍ଚିତ ସୁଧ ଅଲଗা ଭаবе ट्रैक ହୁଏ।

›ଯୋଗаণকаরੀ ਅਨੁਯаਯੀ MSME / ਅণ-MSME ਵਿਭਾਜਨ
›Udyam Registration ট্রাক
›ਨਿਯੋਜਨ ਤਾਰੀਖ ਧਾਰਣ
›ਮੂਲ ਬਨਾਮ ਸੁਧ ਪ੍ਰਕਾਸ਼

Section 15 ਸੁਧ ਗਣਨਾ

Section 15 of MSMED Act 2006 prescribes interest at 3 times the bank rate (currently around 13.5% effective rate) for delays beyond 45 ଦିନ. CORAA auto-computes this for every MSME payable with appropriate ageing.

›3x ਬੈਂਕ ਦਰ ਗਣਨਾ
›ਯੋਗਾਣਕਾਰੀ-ਭਿੱਤੀਕ ਸੁਧ ਸੰਚੋ੟
›ਪ੍ਰਕਾਸ਼ ਟਿੱਪਣੀ ਪੂਰਵ-ਭਰਣ
›ଅଡିଟ୍ log captures the assumed bank rate

Note 23 ਵਿਆਪਾਰ ਦੇਯ ਸਵੈ-ਭਰਣ

Note 23 of Schedule III requires the MSME / non-MSME split with appointed dates and interest disclosure. CORAA auto-fills this from the AP ageing data; ଅଡିଟର୍ confirms accuracy.

›Note 23 ଟେମ୍ପ୍ଲେଟ୍
›MSME / ਅਣ-MSME ਮੋਟ ਸਮਸ਼੍ਟੀ
›ਨਿਯੋਜਨ ਤਾਰੀਖ ਧਾਰਣ
›ਸੰਚਿਤ ਤੇ ਦੱਤ ਸੁਧ ਰਾਸ਼ੀ

Form 3CD Clause 22 ਏਕੀਭੂਤ

Form 3CD Clause 22 asks for the same MSME disclosure. CORAA reuses the AP ageing data; ନା re-keying required.

›Clause 22 ସ୍ୱୟଂ-ପୂରଣ
›Note 23 ਸਹ ਯੋਗ-ਪ੍ਰਯੋਗ ਬਲਵੱਤਰ
›ଅଡିଟର୍ verifies and confirms

Frequently asked

Answers, up front.

Three signals: (1) the ଅଡିଟର୍ flags the supplier as MSME in the Party Master with Udyam Registration Number, (2) the GSTIN registration type indicates MSME, (3) the auditee provides an MSME declaration list. CORAA uses signal 1 as authoritative; signals 2 and 3 surface as suggestions for the ଅଡିଟର୍ to verify.

Under the MSMED Act 2006, the appointed date is the date when payment becomes due (15 ଦିନ from supply or as agreed in writing, capped at 45 ଦିନ). After this date, interest accrues at 3 times the bank rate. CORAA captures the appointed date per ଚାଲାନ୍ when bill register is loaded; otherwise uses 15 ଦିନ from ଚାଲାନ୍ date as default.

Disputed status is captured in the Party Master with an ଅଡିଟ୍ log entry. The disclosure note in Note 23 surfaces the dispute; the ଅଡିଟର୍ decides whether to provide for the interest or disclose the contingent liability per AS 29.

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