Maharashtra GST Department has released List of cases selected for Audit under GST Act, 2017 for the period 2017-2018 on its website. Maharashtra GST Department has selected 3764 cases for GST Audit. List contains Sr. No., GSTIN Registration, Trade Name, Desk ID, Location, Division and Zone. Download List of cases selected for GST Audit i...
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Tips for GST Annual Return for the Financial year 2018-2019 Today we will discuss the GST annual filing return for the financial year 2018-19. GST annual return is an annual statement which contains all transactions related to outward and inward supplies in different heads. It contains the following details: 1. Outward Supplies ( Local sa...
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Arjun (Fictional Character): Krishna, tax departments have gifted taxpayers with their Dussehera gift, in form of date extension, what are the new due dates for GSTR-9 & 9C? Krishna(Fictional Character): Arjuna, around 53 GST and trade associations had submitted representations as well as filed a writ petition for extension of due dat...
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NA -
(24/10/2020) -
it has been decided to extend the due date for filing Annual Return (FORM GSTR-9/GSTR-9A) and Reconciliation Statement (FORM GSTR-9C) for Financial Year 2018-19 from 31st October 2020 to 31st December, 2020....
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Direct Taxes Professionals’ Association requested Hon’ble Finance Minister to allow filing of GSTR 9, 9A and 9C for the F.Y. 2018-19 at least till 31st December 2020 and to waive the late fees and penalty till then, extend time limit to claim credit on the invoices pertaining to FY 2019-20 as envisaged in Section 16(4) […]...
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Bhartiya Udyog Vyapar Mandal has made a representation for Extension of Due date of GST Annual Returns and Income Tax audits and compliance of Notices to Honble Union Finance Minister, Smt. Nirmala Sitharaman. Text of the Representation is as follows:- BHARTIYA UDYOG VYAPAR MANDAL Smt. Nirmala Sitharaman Honble Union Finance Minister Nort...
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Normal Audit u/s 35(5) As per section 35(5) of CGST Act 2017, every registered person whose turnover during a financial year exceeds the prescribed limit (2 cr.) shall get his accounts audited by a chartered accountant or cost accountant and shall submit a copy of audited annual accounts, the reconciliation statement under sub section (2)...
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Association of Tax Practitioners, Ernakulam has made a representation to Principal Commissioner (GST) and highlighted Difficulty faced by GST Tax Practitioners, in implementing directions contained in Circular No.142/12/2020-GST dated 09.10.2020, Failure of GST Portal Services and may other issues. They also requested to extend all due da...
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A representation is made to Finance Minister of India by Six Leading Associations of Chartered Accountants in India and it is requested to extend the due date for filing of returns for all the taxpayers for A.Y. 2020-21 to 31st March, 2021, filing the tax audit report and transfer pricing report to 28th February, 2021, […]...
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AIMTPA has made a representation to Smt. Nirmala Sitharaman, Finance Minister and discussed prevailing Issues in GST and their probable solutions that can be acceptable to all. They discussed the issue of GST Late Fees, The unanswered question of section 16(4), Issues related to Departmental Audit under section 65 and Rule 36(4) issues. R...
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Audit by departmental authority is not new concept. It was already in existing in the existing laws. GST tax regime relies on self assessment and self compliance. In order to promote and ensure compliance of law by taxable person, Audit Mechanism has been introduced under GST act. There are three types of audit....
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GST Audit involves verification various GST compliances w.r.t. books and other records maintained by the entity. As the title suggests, GST Audit involves not only verification of Statement of Profit and Loss for ensuring compliances w.r.t. Outward Supplies & Reverse Charge Mechanism etc., but also involves study of Balance Sheet in depth...
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We humbly request for relaxation in Annual Return Filing in GSTR-9 and GSTR-9A along with GST Audit Certificate in GSTR-9C either by extension by up to 3 months i.e. till 31st December or by removal of any late fee/penalty/action for the said 3 months of relaxation....
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The Indirect Tax Committee of ICAI have made following 4 representations to GST council on 10 September 2020 which relates to request for Extension of due date of Annual Returns in GSTR-9/GSTR-9A and GSTR-9C for the year 2018-19 by 3 months to December 31, 2020, request to Permit availment of input tax credit under GST […]...
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The Goods and Services Tax (GST) regime, ‘mother of all tax reforms’ in India, has completed three years on July 1, 2020. The GST which was expected to create utter chaos and uncertainty for at least the next 4 to 5 years, as the initial response to the compliance platform designed by GSTN was too […]...
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Extension of Annual returns in Form GSTR 9 and GSTR 9A along with GST Audit Certificate in GSTR 9C from September 30, 2020 to December 31, 2020...
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DISCLOSURES -The notes for GST Audit are for guidance only. -The GST auditor will have to make suitable observations, remarks, qualifications, etc. depending on the facts of the audit. -AS THE GST LAW IS VOLATILE Where to put reasons, comments, observations, qualifications, etc. in GSTR-9C ? 1) The Auditor is required to put reasons for [...
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Part III of GST Audit Series: 6 Case Studies on Reverse Charge Mechanism (RCM) reporting in GSTR-9 & 9C of FY 2018-19. Issues discussed regarding- 1. How to report 17-18 transactions of RCM paid in 18-19? 2. RCM paid by DRC 03, how to report? 3. How to report RCM issues in GSTR 9 and […]...
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Part II of GST Audit Series: 12 Case Studies on Inward Supplies of FY 17-18 reporting in GSTR 9 & 9C of FY 18-19. How to report Input Tax Credit of 17-18 in GSTR 9 and 9C of 18-19? 1. 12 Case studies covering all issues of ITC reporting of 17-18 transactions in 18-19. 2. […]...
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GST Audit Series Part I: 12 Case Studies on Outward Supplies of FY 17-18 reporting in GSTR9 & 9C of FY 2018-19. Highlights: How to report Outward Supplies Tax of 17-18 in GSTR 9 and 9C of 18-19. 1. Total 12 Case studies covering all issues of reporting 17-18 transactions in 18-19. 2. Where to […]...
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September 2020 is considered to be a significant month for any Financial Year as it includes major compliances under the Goods & Services Act. Here, I provide you with the list of activities which should be performed by a registered person under GST. Article contains GST Action Plan for September 2020 and explains Extension of [&helli...
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BACKGROUND Audit under indirect tax laws is not a new concept. This concept of audit was also existing in the erstwhile Central Excise laws, State level VAT laws and Service tax laws. Audit is a tool available to the tax department to review and verify transactions entered into by a taxpayer to ensure tax compliance […]...
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Completed 3 years in operation but still struggling to rise-up to the average expectations of the stakeholders; GST has proved to be a loop of extension of compliance deadlines. One such compliance is the filing of Annual Return (Form GSTR 9) and GST Audit (Form GSTR 9C)....
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Audit and Assessment under GST The revenue authorities are in the forefront to complete the historical audits/assessment under the erstwhile tax laws for the period up to June 2017. The CBIC has released GST audit plan for the year 2019-20 vide F. No. 381/49/2019 on 25.06.2019. The audit plan released by the CBIC takes the […]...
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Audit/Assessment to Adjudication under GST and stealth comparison to the erstwhile tax regime- Article explains Assessment/audit under GST, Key aspects concerning demand under the service tax law vis-a-vis GST law, Crucial aspects of GST demand provisions, Timeline for issuance of SCN & concluding adjudication, Limitation period und...
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As we all are presently undergoing or preparing for the GST audit by CA, we all want to ensure the smooth completion of the audit. Through this blog, we would like to bring out certain tips to ensure timely completion of the GST audit by CA and to avoid future GST litigations. We often hear […]...
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Measures taken of GST Audit while finalizing Books of accounts & preparation of Balance sheet Every business organization is engaged in finalizing books of accounts and preparation of Balance Sheet for each financial year. It becomes important to understand the legal provisions under GST law while finalizing books of accounts and prep...
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In Desk Review, CMAs can also be a good assistant to CBIC and can guide to Govt. Officials which documents are necessary to scrutiny and review properly before field visit according to nature of business which in result will prevent revenue leakage of Govt....
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(I) Mandatory GST Audit (Section 35 of CGST Act, 2017) Conducted by CA / CMA where aggregate turnover exceeds Rs. 2 crore. -This is a mandatory audit by CA / CMA where aggregate turnover exceeds Rs. 2 crore. -Form used for this is GSTR-9C. -Due date for filing GSTR-9C is 31st December of following year […]...
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Audit provisions are covered under Section 65 and 66 of the CGST Act, 2017 respectively. There are two types of audits which have been prescribed under the said Act. The same are as follows: 1. Section 65 – Audit by Tax authorities S.No. Particulars Details 1 Period of audit Audit may be undertaken for a […]...
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In the present article I am going to discuss the law and procedure of Audit to be conducted by the department and special audit as prescribed under GST law. The concept of Audit is not a new concept, the tax payers are already required to get his books of accounts aFor Filing GSTR -9 AND […]...
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In the present article I am going to discuss the law and procedure of Audit to be conducted by the department and special audit as prescribed under GST law. The concept of Audit is not a new concept, the tax payers are already required to get his books of accounts audited under various law like […]...
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In the present article I am going to discuss the law and procedure of Audit conducted by the department and special audit as prescribed under GST law. The concept of Audit is not a new concept, the tax payers are already required to get his books of accounts audited under various laws like Income Tax […]...
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Article contains Draft Format of Engagement letter on GST Audit and Draft Format of_Management Representation on GST Audit. However the Auditor needs to understand the limitations of management representations as audit evidence....
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Notification No. 41/2020–Central Tax [G.S.R. 275(E)] -
(05/05/2020) -
CBIC Further Extends due date for furnishing GST annual return/reconciliation Statement (GSTR9 / GSTR 9C) for financial year 2018-2019 to 30th September, 2020 vide Notification No. 41/2020–Central Tax dated 5th May, 2020. GST Annual return for 2018-19: Last date for filing GST annual return specified under section 44 of CGST Act read wi...
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As per the provisions of section 22(1) Every supplier shall be liable to be registered under GST Act in the State or Union territory, from where he makes a taxable supply of goods or services or both, if his aggregate turnover in a financial year exceeds prescribed limit....
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GST is a trust based indirect tax in which assesse himself calculates and discharge his tax liability. So to check the veracity of tax liability assessed by assesse and compliances with GST Act and rules, Section 65, 66 and 35(5) of CGST act provides for GST Audit by Tax Authorities, Special GST Audit and Turnover […]...
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After the opening of the lockdown, the foremost and immediate tasks is Gst Annual returns, reconciliations and audits- the impending date being 30th June 2020 (as on today). Various factors and steps to be followed for filing annual returns and Gst audits are summarised as below: This submission has been divided 1. Steps for Annual [&hell...
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Every business entity engaged in exclusive supply of goods and whose aggregate turnover in the financial year does not exceed Rs 40 Lakhs in a financial year is required to be registered under the GST Act. For supply of services, aggregate turnover of Rs 20 Lakhs (10 Lakhs in special category States ) is the […]...
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Different Audit applicable to individuals, Companies and HUF. There are many tax compliances in India. Here I simplify the different audit applicable to entity and to whom. Tax audit: A tax payer having a turnover or gross receipts more than 1 Crore is liable for tax audit for that financial years. Please note that with […]...
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Practical Approach of Audit by GST Authorities under Section 65 of the CGST Act, 2017 The intention of this article is to give all the readers a practical understanding of how the authorities go about with the GST Audit and to highlight the parameters which are mostly taken into consideration by the officers as a […]...
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Notification No. 15/2020-Central Tax [G.S.R. 198(E)] -
(23/03/2020) -
CBIC extends time limit for furnishing of the annual return (GSTR-9 and GSTR-9C) specified under section 44 of CGST Act, 2017 for the financial year 2018-2019 till 30.06.2020 vide Notification No. 15/2020-Central Tax Dated 23rd March, 2020....
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A major part of the Taxpayers would not be having a turnover of Rs. 5 Crore. So if the threshold limit of filling GSTR 9C is increased up to Rs. 5 crores, then a large amount of taxpayers would escape from requirement of certification of business transaction. Lesser number of Taxpayer would imply less collection of tax and hence loss of r...
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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 Interes...
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Part-1 GST is new tax and the dealers who followed it from the initial stage have made some technical mistakes which were not noticed by them within time or they were not rectified by the dealers since the facility of revision of such mistakes was not there. These were innocent mistakes and not the fraud […]...
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GST in India is known for extensions. Since 2001 when the than government talked about its implementation, it has story of date extensions and it’s implementation got extended many times. Similarly, after its introduction w.e.f 1st July, 2017 extensions of dates for different provisions continued and at many times things failed to happe...
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ICAI release Guide to CA Certificates in GST which contains Format of Certificate under Section 18(1)(a), Section 18(1)(b), Section 18(1)(c), Section 18(1)(d), Section 18(3), Section 54 and Section 29(5) of the CGST Act, Certificate under Section 18(4) of the CGST Act- Composite Tax Payer, Certificate under Section 18(4) of the CGST A...
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Facts related to filing of Annual Return (GSTR-9 & 9C) for the year 2017-18 (Status as on 12th Feb 2020) Category No. of Taxpayers % age Taxpayers who are mandated to file GSTR-9 12.42 lakhs -‑ Out of 12.42 lakhs, taxpayers who have filed GSTR-3B & GSTR 1 9.98 lakhs 80.3% Out of 9.98 lakhs, […]...
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Invitation Of Applications For Appointment Of GST Auditor For Financial Year 2018-19 by Bharat Heavy Electricals Limited (BHEL)...
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Tax Bar Association Jodhpur (Rajasthan) has made a Representation against Technical Glitches faced at GST Portal and Request for Extension of Due Date for GSTR 1 and GSTR 9/ GSTR 9C for Financial Year 2017-18. Tax Bar Association Jodhpur (Rajasthan) Date: 11/02/2020 To, The Commissioner, CGST, Central Goods And Services Tax, Jodhpur Hon&#...
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Tax Bar Association Guwahati Requested to Finance Minister for extension of due date for filing of GST Annual Returns GSTR 9, 9A & 9C for the year 2017-18 pursuant to the order of Hon’ble Gauhati High Court in Case No. PIL/15/2020. Text of the representation is as follows:- Tax Bar Association, Guwahati is a prestigious [&hellip...
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All India Federation Of Tax Practitioners Vs. Union of India (Gauhati High Court) -
All India Federation Of Tax Practitioners Vs. Union of India (Gauhati High Court) This petition is disposed of however, binding the respondent Union of India to take a decision on the representation to be filed on behalf of the petitioners, within one week of its filing. The respondent would also address the issue of extending […]...
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Tender for Appointment of Chartered Accountant firm for undertaking a GST Audit of the GST registration and filing Forms GSTR-9 and GSTR-9C for FY 2018-19....
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Taxation Bar Association, Modinagar has made a representation and requested for upgrading GST Portal and for extending the due date of Form GSTR-9, GSTR-9A, GSTR-9C and GSTR-1. It also demanded refund of late fees paid by taxpayers for delay in filing of GSTR-3B, GSTR-1 and GSTR-10. it further demand facilty to revise GSTR-9, GSTR-9A, GST...
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6 Major Professional Bodies of has requested considering the fact that the filing of FY 2017-18 is the first filing by all taxpayers and professionals and considering and issue faced in filing GSTR-9, 9A & 9C, date for filing the said forms be extended by at least two months i.e. from 31.01.2020 to 31.03.2020, and also waive late fees o...
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Considering the difficulties being faced by taxpayers in filing GSTR-9 and GSTR-9C for FY 2017-18 it has been decided to extend the due dates in a staggered manner for different groups of States to 3rd, 5th and 7th February 2020 as under. Notifications will follow Group 1: Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Puducherry, Telan...
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There is a genuine demand for Extension of Date for GSTR-9/ GSTR-9C and the date should be extended as desired by various Trade and Industry Association and supported by various professional Associations. Let us see what will be the eventuality if date is not extended so that you can complete your work without tension. Try […]...
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Representation Requesting for Extension of filing date for GST Annual Return and GST Audit (Forms GSTR-9, 9A, 9B and 9C) for a reasonable period not less than 30th June 2020....
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GSTPAM requested Union Minister of Finance and requested for Extension of dates for filing Annual Return in Form GSTR-9 and Audit Report in Form GSTR-9C for financial year 2017-18....
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Tax Bar Association, Guwahati requested Hon’ble Union Finance Minister for extension of due date for filing of GST Annual Return Forms GSTR 9, 9A & 9C for the year 2017-18 till 31st March, 2020, in order to mitigate the hardship of taxpayers and professionals. Text of the Representation is as follows:- Dated: January 27, 2020 [&hell...
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Haryana Chamber Of Commerce & Industry has made a representation to Seek Extension Of GSTR 9 & GSTR 9C Annual Return Filing Date For The Year 2017-18. Text of the Representation is as follows:- Haryana Chamber Of Commerce & Industry Ref. No. HCCl/KNL/2019-20/ Dated 27/01/2020 Mail to : appointment[dot]fm[at]gov[dot]in Ms. Nirm...
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Ahilya Chamber of Commerce and Industry has made a representation to Chairman of GST Council and made suggestions for better working of GST portal and for better compliance of GST Provisions. It also highlighted Problems in GSTR -1, GSTR 3B and New GST Returns. It has further requested to extend due date of filing GSTR […]...
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Kerala Tax Practitioners’ Association (KTPA), Kochi has requested to extend the due date of GSTR-9 and GSTR-9C for the FY 2017-18 to further one month. Relevant Text of the Representation is as follows:- To, 1. Nirmala Sitharaman Hon. Union Minister of Finance and Corporate Affairs New Delhi 110 001 2. Sri.Thomas Issac Minister of Fin...
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Tax Bar Associations have represented for the extension of due of date of GSTR 9 and GSTR 9C for the Financial Year 2017-18 to 31st MARCH, 2020....
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Recently a letter from Advocate Sushil Verma* is doing rounds on Social Media and on few websites. In his letter Mr. Sushil has highlighted complexities in GST and suggest to remove GST Audit. *We do not confirm the Authenticity of below letter and its Author. Dated: 22nd January, 2020 Hon’ble Prime Minister of India, South […]...
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Extend the due dates of GST Annual Returns and Audit Reports for the period 2017-18 for the UT of J and K till the time high speed internet connectivity is restored....
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Article explains Applicability of Audit under GST, Requirement of GST Audit, Furnishing of Documents under GST Audit, Types of GST Audit, Calculation of Turnover for F.Y. 17-18, Calculation of Aggregate Turnover under GST , Tenure of Retention of Accounts under GST , Auditor Qualification for GST Audit, Audit in case of multiple Branches,...
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There are two gateways through which taxpayer can make payment of GST. One is when the taxpayer makes payment through PMT-06 while filing monthly return GSTR-3B and when the taxpayer has made any mistake of short payment of tax or excess ITC while filing his return then, DRC-03 may be filed for correcting the mistake....
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Article explains What is an Annual return in GST, Who should file the annual return under GST, Due date, late fees and penalty for GSTR 9and GSTR 9C, Details required to be filed in GSTR-9, What is GST Audit, Turnover Based Audit, Eligibility to perform GST audit, GST Auditor, Documents Required for GST Audit and […]...
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Government has made some changes in forms of Annual Return (GSTR-9) and Reconciliation Statement (GSTR-9C) vide Notification No. 56/2019 dated 14.11.2019. Accordingly, changes in application software and the offline tools are likely to be made available by 17th Dec. 2019....
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Last month the government extended the due date for filing GSTR-9 and GSTR-9C For filing GSTR-9 & GSTR-9C the due dates are extended up to 31st December 2019 for FY 2017-18 and 31st March 2020 for FY 2018-19. So you can also file GSTR 9, 9C via Gen GST Software before the due date and […]...
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1. ITC cannot be reversed or availed through annual return. For reversing ITC, taxpayers need to file FORM GST DRC-03. 2. Table 8A of annual return is auto-populated from FORM GSTR-2A as on 01/05/2019. 3. Treatment of tax which was to be paid on RCM for F.Y. 2017-18 but was paid during F.Y. 2018-19 – […]...
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The notes for GST Audit are for guidance only. The GST auditor will have to make suitable observations, remarks, qualifications, etc. depending on the facts of the audit. AS THE GST LAW IS EVER CHANGING GSTR-9C and where to put reasons, comments, observations and qualifications and etc. Reasons for unreconciled differences in Table 6,8,10...
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We are happy to announce One Day GST workshop for effective GST Audits and Annual Returns. The workshop would cover clause wise clause detailed Analysis for Form GSTR 9, GSTR 9C along with GST Audit tool for GST Health Check-up. ...
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Audit and scrutiny of financial documents and statements forms an integral part of the work conducted by the tax departments and many of the officers of the tax department whether it is state administration or central administration does not have specialization in finance or accounting...
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Apart from the monthly filing of returns by the taxpayers in GST, all taxpayers have to file GST Annual Return and taxpayer with turn over above Rs 2 Crores have to file GST Audit Report yearly. Annual Return under GST has to be filed through GSTR – 9 by all the taxpayers who have registered […]...
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Government has come up with long awaiting simplification in Forms of GSTR-9 and GSTR-9C for Financial Year 2017-18 and F.Y 2018-19. The due dates for filing GSTR and GSTR-9C for F.Y. 2017-18 has been further extended till 31st December, 2019 and for F.Y 2018-19 has been extended till 31st March, 2020....
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CBIC has released new set of notifications which covers the due date of filing GSTR 3B, GSTR -1 & GSTR 7 for the State Jammu & Kashmir, Changes made in refund form RFD-01 and simplifications made in GSTR 9 (Annual return) & 9C (reconciliation statement) Notifications which are covered are: Notification No. 52, 53, 54, [&hellip...
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a. various changes in formats of GSTR-9 and 9C to give effect to its applicability for F.Y 2018-19
b. changes in formats of GSTR-9 & 9C to provide substantial relief by making various mandatory fields ‘optional’ for the F.Y 2017-18 and 2018-19...
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CBIC has vide Notification 56/2019-Cerntral Tax Dated 14.11.2019 made the amendment in GSTR 9 & GSTR 9C. Various changes took place in such forms. In short, CBIC relaxed some of detailed requirements. A brief of changes are hereby given below: 1. Amendment made in Form GSTR 9: Sr. No. Table Number Existing Amendment 1 4I, […]...
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Snapshot of important amendments in GSTR -9 and GSTR – 9C as made by CBIC vide Notification 56/2019-Cerntral Tax Dated 14.11.2019. Amendments in GSTR 9 Now outward supply after adjustment on account of debit note, credit note and amendments against Sl 4B to 4E If exempted, nil rated and non gst are not segregated then […]...
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Summary of Changes in GSTR-9 and GSTR-9C made by CBIC vide Notification No. 56/2019–Central Tax Dated 14.11.2019 A. Changes in GSTR-9 General Changes in GSTR-9 The Part or Table headings, Field names and Instructions have been amended to make the forms suitable for FY 17-18 and also for FY 18-19 Simplifications in GSTR 9 for […]...
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CBIC has issued Notification no. 56/2019 – Central Tax dated: 14th November 2019 on simplification on GSTR-9 & 9C for FY 2017-18 and 2018-19. Changes in Form GSTR-9 Significant changes are below for FY 2017-18 and FY 2019-20. Table No. Particular Changes 4B to 4E Detail of advances, inward and outward supplies Can fill net [&helli...
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All about simplification of GSTR-9 (Annual Return) & GSTR-9C (Reconciliation Statement) In a relief to taxpayers, the government on Thursday extended the due dates for filing GST annual returns (GSTR-9) and reconciliation statement (GSTR-9C) for financial year 2017-18 to 31st December 2019 and for the financial year 2018-19, to 31st M...
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Simplification and extension of date for filing Annual Return – GSTR-9 and Audit Report – GSTR-9C/ Extension of due date for filing Form GSTR-9 and Audit Report in Form GSTR-9C and simplification of the Forms Based on the press release hosted on the website of Press Information Bureau – Govt of India (PIB), it has […]...
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Government extends the due dates of filing of Form GSTR-9 (Annual Return) and Form GSTR-9C (Reconciliation Statement) for Financial Year 2017-18 to 31st December and for Financial Year 2018-19 to 31st March 2020....
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Order No. 08/2019-Central Tax [S.O. 4105(E)] -
(14/11/2019) -
it is hereby declared that the annual return for the period from the 1st July, 2017 to the 31st March, 2018 shall be furnished on or before the 31st December, 2019 and the annual return for the period from the 1st April, 2018 to the 31st March, 2019 shall be furnished on or before the 31st March, 2020...
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The professionals have just finished uploading Tax Audits for financial year 2018-19. But the more difficult challenge awaiting for professionals is GST Audit for financial year 2017-18. The extended due date for filing GST Annual Return and GST Audit is 30th November, 2019. So, now the professionals will to timely accomplish this target....
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G.S.T. council after its 37th Meeting recommended that the Annual Return (GSTR 9 and 9A) under the G.S.T. should be made optional considering the fact, it is a new regime and there are problems faced by the tax payers in filling it for those registered persons whose aggregate turnover in a financial year does not […]...
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As a upcoming tax professionals you must know about the procedure of assessments under GST Scenario and what are the procedures followed by the Assessing officers under GST scenario as per section from 59 to 64 of the CGST Act, 2017 What is the meaning of Assessment under GST Law? As per Section 2(11) of […]...
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Suggestions in respect of Form 9:
At the outset, we humbly submit that Form GSTR 9 which is the Annual Return is supposed to be the summary of all supplies made by a taxpayer during a financial year and should be simpler in terms of compliance. We humbly submit our point wise suggestions as under:...
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To whom GST Audit will be applicable have been already discussed in our previous article, now let’s move ahead towards the workings for GST Audit. As you all know, GST Audit will apply every year for those GST registered business (GSTIN) having turnover more than Rs 2 crores, by the sale of goods or services in the financial [&hellip...
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Introduction: In a conventional sense, audit means scrutiny, verification of documents, events and processes in order to verify facts and to draw conclusions regarding the correctness of recording of facts and the efficiency of system under study. Today, the concept of audit in general has under gone change from a transactional audit to a...
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Audit documentation is the written record (including electronic record) prepared during the course of audit which forms foundation for auditor’s in preserving the various observations identified during the audit, acts as a proof of performance of audit and safeguard the auditor at the time of dispute. Besides, documents are keys to dete...
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Again, the due date for filing of GSTR 9 & 9C extended to 30th Nov. 2019 for FY 2017-18. Meanwhile, for review of GST compliances and all, we draft a GST Audit Questionnaire which will publish in 3 Parts. Now, we are publishing the Part-1 of GST Audit Questionnaire. Hope, this may helpful for conducting […]...
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ICAI Request for extension of Annual returns in Form GSTR 9 and GSTR 9A along with GST Audit Certificate in GSTR 9C from August 31, 2019 to November 30, 2019...
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RoD Order No. 07/2019-CT [S.O.3071(E).] -
(26/08/2019) -
The last date for furnishing of Annual Return in the FORM GSTR-9 / FORM GSTR-9A and Reconciliation Statement in FORM GSTR-9C for the financial year 2017-18 has been extended from 31st August, 2019 to 30th November, 2019. RoD Order No. 07/2019-CT dtd. 26.08.2019. Last date for Annual Returns- Last Date for filing of Annual returns [&hellip...
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The due date of filing GST Annual Return in Form GSTR-9/9A & Reconciliation Statement in Form GSTR-9C is 31.08.2019. The utility of the Annual Return is such that taxpayers are facing difficulties in furnishing information particularly inward HSN summary, reconciliation of ITC with GSTR-2A and its matching with ITC populated in table ...
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Extend the due date for filing the GSTR-9 and GSTR-9C from August to December along with the filing of GTR-9C for the F.Y. 2018-19 so that all the compliances are made and the adjustments made in the following years gets reconciled at the same time....
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