Understanding the process of GST audit, reviewing financial statements, and ensuring compliance with GSTR 9 & 9C. Key areas of focus for businesses.
Goods and Service tax is universally known as GST which is consumption based tax currently used in on the supply of goods and service. It is comprehensive tax because it has subsumed almost all the indirect tax except a few state taxes.
Understanding ITC limitations under GST: Learn about who can and cannot take credit for input tax charged on goods and services used in business.
E-way Bill Section 68 (Inspection of Goods in movement) of Goods and service Tax act read with rule 138 of the rules framed thereunder. Mandates that the Government may require that person in charge of a conveyance carrying any consignment of goods of value exceeding Rs.50000 carry with him such documents. Movement should be:- i) […]
