RAQOZ
Sign in

INDIA · SECTION 43B(h) PROCUREMENT EVIDENCE

Keep the procurement dates and supplier evidence a tax reviewer needs.

Section 43B(h) review depends on transaction facts, supplier classification, acceptance or deemed acceptance, agreed terms, invoice and payment evidence, and the law applicable to the period. RAQOZ organises those records; tax treatment remains a professional determination.

Control questions

  • Record supplier-declared classification and supporting evidence
  • Retain written payment terms with the purchase record
  • Connect receipt or service acceptance and invoice dates
  • Maintain payment date and status
  • Route period-end exceptions to qualified tax review

Evidence to retain

  • Supplier declaration and Udyam evidence
  • Purchase order, contract and agreed terms
  • Acceptance or deemed-acceptance record
  • Invoice, ledger and payment evidence
  • Dated professional conclusion where required
Claim boundary: RAQOZ does not determine MSE eligibility, statutory due dates, interest, deduction timing, disallowance or Income-tax Act section 43B(h) treatment. Review current law and obtain qualified tax advice.

Version and applicability

These labels distinguish law, certification and accreditation context. They do not determine whether a requirement applies to a specific organisation or transaction.

Act 27 of 2006, current text subject to official verificationPUBLISHED CURRENT

Transactions within the Act's scope involving eligible micro or small enterprise suppliers; eligibility requires factual and professional review.

Applicability class: direct law · Last verified: 2026-09-01 · Next review: 2026-12-01

Section 43B(h), reporting context last verified 2026-09-01PUBLISHED CURRENT

Taxpayers and sums within the provision's scope; RAQOZ does not determine applicability or tax treatment.

Applicability class: direct law, common audit expectation · Last verified: 2026-09-01 · Next review: 2026-12-01

Primary sources

Requirements and guidance change. Review the current source and record the date of professional review before relying on a control interpretation.

India Code — MSMED Act, 2006Ministry of MSME — delayed-payment guidanceIncome Tax Department — Form 3CD webinar material
Use the 45-day tracker Review MSE payment controlsCheck procurement evidenceOpen the Controls Kit