In terms of Section 2(13) of the CGST Act, 2017, GST audit means the examination of records, returns and other documents maintained or furnished by the registered person under this Act or the rules made thereunder or under any other law for the time being in force to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed
Quick note on 28th GST Council meeting, which has reviewed around 46 proposed amendments in GST Act 2017 and recommended the following amendments ;
As announced by Central Govt. on the approval for the Constitution of NFRA for regulating accounting and auditing related aspects.
Finance Minister Shri Arun Jaitley presented general Budget for 2018.This is the first budget after enforcement of GST. GST revenue will be collected for 11 months and that would impact balance sheets. Rs 21.57 lakh crore transferred in the form of net GST against the predicted Rs 21.47 lakh.
This is the first budget after enforcement of GST.Finance Minister Shri Arun Jaitley presented general Budget for 2018. Let us have a simple review on the Budget guided by mission to strengthen agriculture, rural development, health, education, employment, MSME and infrastructure sectors.
