Understand the GST audit process from start to finish. Learn about the importance of self-assessment and compliance with tax laws.
Understand the process of scrutiny of GST returns and its importance in tax administration. Learn how it ensures compliance with tax laws and streamlines procedural aspects.
Historical Background The Indirect Taxation Enquiry Committee constituted in 1976 by Sri L.K.Jha, recommended inter alia, converting specific rates into ad-valorem rates, rate consolidation and input tax credit i.e. Mechanism of Value Added Tax at manufacturing level (MANVAT). In principle, duty was payable on value addition. Advent of GST Before advent of GST, the most […]
