MSME Ageing - Section 43B(h) - 45 Days Payment Rule

1. On the Ageing Analysis screen, this feature enables a report to be downloaded which helps in computing-agewise pending list along with its status as to whether it’s overdue or not to quantify the disallowance required under the newly introduced Section 43BH of the Income Tax Act 
2. In a single click, an Excel file can be downloaded, that contains a bifurcation of bills that are ‘OVERDUE’ as per the due date mentioned by the user, as well as bills that are due for less than and more than 45 days.
3. The report can be generated by clicking on the “Download MSME 43BH Report” on the Ageing Analysis screen under Trade Payables.
4. With the help of this report, users can quickly do some Excel calculations and compute the amount that is liable for disallowance u/s 43BH.

Sample Report Format