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Caro 2016 statutory due

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Sravan Reddy G

618 Points Posted on 05 March 2021

hi
my doubt is in Caro statutory due point we need to write statutory dues for more than 6 month

my doubts is 6 months from when
a. statutory due amount not paid to gov for moe that 6 months eg. April 19 gst upto mar 20 I didn't deposited i.e., more than 6 months or
b. payable as on balance sheet date more that 6 montsh

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Quick Summary

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.