The 45-day MSMED clock, compound interest under Section 16 and the Section 43B(h) disallowance all turn on one thing your ERP probably gets wrong: whether the vendor master knows who is micro or small
Manpower, security, AMC and transport spend arrives without a goods receipt note. Here is how a services procurement audit finds the leakage and the compliance risk sitting inside it.
The three-way match is the core preventive control in procurement. Where it breaks in practice, and the exception reports an owner should actually ask for.
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