Income tax Audit working sheet in Excel Format contains following checklist with relevant formats related to Tax Audit Income Tax, 1961- Audit Notes Check Opening balances Tally Turnover With GST Tally ITC with GST Tally ITC balance with GST Portal Compare GST2A with Books for ITC availed Verify the Provisions or expenses made, if any […]
For all the audits that one carries out, audit working is extremely important for the auditor. The attached Excel Sheet contains a Checklist with working annexures all in one excel file. We have developed this working sheet based on our experience and knowledge of the Income Tax Audit. You may write your suggestion or feedback […]
As can be understood from social media post of many of the Chartered Accountants and tax consultants that they are facing issue of ‘Adjustment of negative GST liability of previous tax period’ while filing PMT 08 of Q-1 of FY 2021-22 for composition dealers. Cause of Problem At the time of filing GSTR 4 of […]
Article contains GST Audit Checklist and Working sheet in Excel Format for the benefit of our readers. GST Audit Working sheet have Sheets to Maintain Master Records of Client, For Important Notes related to Client and sheets for GST on Receipt, ITC Availed, Ineligible Credits, Creditor Older than 180 days, RCM Payable, Working of Interest […]
Download Income Tax Calculator for Financial Year 2020-21 in Excel Format / Download Income Tax Calculator for Assessment Year 2021-22 in Excel Format/ Download Income Tax Calculator for FY Year 2020-21 in Excel Format / Download Income Tax Calculator for AY 2021-22 in Excel Format. Q.1 What are the conditions for opting in the Scheme […]
The file contains GSTR 3B Computation in MS Excel with following functionality: 1. Optimum utilization of Input tax credit is automatically calculated. (Section 49A read with Rule 88A which requires IGST to be setoff first with IGST liability, if any balance is left out then IGST Credit has to be ustilized before use of CGST […]
To implement the decisions made during the various GST Council meeting on issues related to GST rate for real estate Sector, The CBIC has issued notification multiple notifications. This article explains the effect of these notifications in simple language.
The GST council has proposed new GST Return filling system on 8th March 2019. Here in this article we have explained the requirements and applicability of all the three returns namely Sahaj, Sugam and Normal. The tax payer can opt to file ANY of the three returns. Each return has different features. Particulars Normal Sahaj […]
Format for Bill of Supply for goods & Service as per notification no. 2/2019 CGST Rate Notification no. 02/2019 CGST Rate has been issued for Composition Scheme for Service provider. Format for bill of supply is attached herewith. Bill of Supply For Service and Goods (Taxable person paying tax in terms of notification No. 2/2019-Central […]
The GSTR 3B Computation Sheet in excel format has been updated with latest Amendment in Section 49A of CGST Act, 2017 as amended by CGST (Amendment) Act, 2018 with effect from 1.02.2019. Section 49A deals with Utilization of Input Tax Credit. As per the amendment The input tax credit on account of central tax, State […]
