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
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
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
Take note of following Precautions while filing ITR-7 Some of the claims made under sections 11 may are being disallowed during processing for reasons and in certain cases, the same may be rectifiable by suitable corrections in the data reported in ITR-7. Claiming exemption under
The outcome of the new form DIR 3 KYC There is so much confusion regarding the filling the Form DIR 3 KYC. So, let’s discuss Form DIR 3 KYC step by step: 1. Presently it is applicable only for active DIN. 2. For deactivated DIN
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? 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? 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
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
Notification No. 52/2018-Customs GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 52/2018-Customs New Delhi, the 14th July 2018 G.S.R……. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12)
