![]() g) Verify the additional information provided by the auditee relating to interest under section 16 of the MSME Act in his financial statement. ![]() f) Verify the interest payable or paid as mentioned above on test check basis.e) Verify from the books of account whether any interest payable or paid to the buyer in terms of section 16 of the MSME Act has been debited or provided for in the books of account.d) Obtain list of suppliers of the assessee which fall within the purview of the definition of “Supplier” under section 2(n) of the MSMED Act, 2006.c) Since Section 22 of the MSMED Act, 2006 requires disclosure of information, the tax auditor should cross check the disclosure made in the financial statements. ![]()
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