MSME / Udyam Disclosure
The requirement to disclose amounts due to micro and small enterprise suppliers, including interest on delayed payment beyond 45 days, identified by their Udyam registration status.
Related terms
- Materiality
The threshold above which a misstatement could reasonably be expected to influence the economic decisions of someone relying on the financial statements. Set by the auditor at the planning stage.
- Mixed Supply
Two or more individual supplies made together for a single price that are not naturally bundled, taxed at the rate of the item attracting the highest tax.
- Net Realisable Value (NRV)
The estimated selling price of inventory in the ordinary course of business, less estimated costs of completion and sale — the ceiling against which cost is compared under Ind AS 2.
- Net Worth (Companies Act)
Defined under Section 2(57) as the aggregate of paid-up share capital and reserves created out of profit, less accumulated losses and write-back of depreciation — a threshold used across several Companies Act provisions.
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