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GST ComplianceDetail Guide on GST audit by CA/CMA
Detail Guide on GST audit by CA/CMA Mandatory Audit under GST Section 35(5) of CGST Act, provide for the GST audit of accounts for a taxpayer. This audit is to be conducted by a Chartered Accountant or Cost and Management Accountant. This section makes the
CA Shafaly GirdharwalDetailed checklist for GST audit
The detailed checklist for GST audit Section 2(13) of CGST Act provide for the meaning of audit in GST. The meaning provided in this part of Law is reproduced here and we will start the analysis of audit from this provision. “audit” means the examination
CA Shafaly GirdharwalGST Issues to Consider for the Closure of Books of Accounts
Ppt on GST Issues to Consider for the Closure of Books of Accounts In the ppt. the GST issues to consider for the closure of Books of Accounts. As we all know that the first financial year for the GST is closed. Now it is the
Practical issues in Exports and Inverted Duty Refund
Practical issues in Exports and Inverted Duty Refund In this Ppt, we will discuss the Export and inverted Duty refund to be claimed by the taxpayer from the government. Even after two Refund fortnights, there are still so many refund applications are Stuck in the
What is the frequency for filing Form GST ITC-03
What is the frequency for filing Form GST ITC-03? The registered person can file ‘Form GST ITC-03’ only once in a financial year for opting for composition scheme. For reversal/payment of tax in case of exemption of supplies. It can be filed multiple times, as
What is Form GST ITC 03
What is Form GST ITC 03? Following taxpayers need to fill Form GST ITC 03. who opt for composition scheme or where goods or services or both supplied by taxpayer becomes wholly exempt or his registration is canceled u/s 29(2) of CGST Act. In all
Third Refund Fortnight for pending GST refunds
CBIC to observe Third Refund Fortnight, to clear pending refunds PRESS RELEASE CBIC to observe Third Refund Fortnight, to clear pending refunds Refunds of GST have been a concern for the Government and Trade for the past several months. In this regard, the CBIC has observed two
Ppt on Valuation under GST
Ppt on Valuation under GST by CA Archana Jain This ppt explains the Valuation under GST, explains all Provisions of GST Act and rule issued thereafter. This PPT is prepared by CA Archana Jain, a thought leader on the subject. “Value of taxable supply” is significant
When filing is the Form GST ITC-03 is needed for a taxpayer
When is the filing of Form GST ITC-03 needed for a taxpayer? In following conditions taxpayer must file Form GST ITC-03: The taxpayer has opted for composition scheme or goods or services or both supplied. By a taxpayer becomes wholly exempt or taxpayer whose registration
Representation on Inverted Duty Structure
Representation-Inverted Duty Structure Representation on issues faced by Lime Industry due to services being excluded from the purview of Net ITC for the purpose of Refund on account of Inverted Duty Structure At the outset, we would like to congratulate on the successful implementation of
How to create an account on the UDIN portal
How to create an account on the UDIN portal? To register at UDIN portal, please take the following steps: Step 1: Enter the homepage https://udin.icai.org Step 2: Click button “For first time sign up, click here” Step 3: Enter your six-digit Membership No., Date of
Why UDIN
Why UDIN? It has been noticed that financial statements and documents were being certified/ attested by third persons, in lieu of Chartered Accountants. As these statements are being relied upon by the authorities as true statements and certificates. UDIN can be generated by a practicing