Given below is a sample Management Representation Letter for GST Audit. It is not intended to be a standard letter. Representations by management will vary from one entity to another and from one period to the next.
Section 44AA, talks about the various provisions related to maintenance of books of accounts, which books are required to maintain and the period for which such books to maintained. So we will analyse the provisions of section 44AA, in details – Sub-section (1) of section 44AA, says, all persons, which are carrying on specified profession […]
OFFICE ORDER NO. 131 OF 2019 In view of pending disciplinary/vigilance cases against the following officers, the Competent Authority has decided not to extend the term of ad-hoc appointment of the officers listed below to the post of Joint Commissioner of Income Tax. Accordingly, the following officers are reverted to their substantive post i.e. Deputy Commissioner of Income Tax with immediate effect:
Back in 2006, when I entered in CA profession, we were thought that CAs are expected to be perfect in their accounting skills, we have to verify from the view point of substance over form, consider materiality to form a true and fair view, etc. Accounting was considered to be all about accounting standards, be […]
Arora & Co. Vs Union of India & Ors. (Delhi High Court) Senior Standing counsel for GST submits that petitioner was given an opportunity to submit evidence to demonstrate technical glitch for re-considering his request, however, he failed to do so and thus his representation was rejected. He submits that as per GST system logs, […]
What is Electronic Invoicing model? All the taxpayers will create, issue and distribute invoices directly through the GST network. Right now, the businesses issue the invoices through their accounting or billing software. Later, at the time of filing returns, they upload the details and invoices on GST portal. In the electronic invoicing model, the invoices […]
