Caro 2016 statutory due

This discussion clarifies the application of CARO 2016's clause regarding statutory dues in arrears for over six months. The consensus is that the six-month period starts from the date the statutory amount became payable to the government, not from the balance sheet date. This means if dues for a period exceeding six months from their original payable date remain unpaid as of the financial year-end, it falls under the CARO 2016 reporting requirement.