GST Audit

Unraveling GSTR 9- A clause by clause analysis- Part IV

Goods and Services Tax - As the India continues its winning streak against Pakistan in cricket world cups, the rush for filing GSTR 9 and GSTR 9C is also catching up, continuing the legacy of the first three parts, here we present the 4th and last part of our series of article, “Unravelling GSTR 9- A clause by clause analysis […]...

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Applicability of GST Audit

Goods and Services Tax - GST Audit for FY 2017-18 is applicable to every registered person whose aggregate turnover during a financial year exceeds Rs. 2 Crores. The copy of audited annual accounts and a reconciliation statement is to be furnished while filing GSTR-9C....

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Postpone last date for filing GST returns in Form GSTR 9, 9A & 9C

Goods and Services Tax - Postpone the last date for filing yearly returns in Forms GSTR 9,GSTR 9A and GSTR 9C or withdraw it completely, at least for the FY 2017-18...

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GST Audit (GSTR-9C) – Practical Checklist alongwith Audit Process

Goods and Services Tax - Practical Checklist For Initiating GST Audit – FORM GSTR -9C DOCUMENTS LIST – 1. Signed Financial Statements 2. State wise financial statements, if required 3. GST User Id 4. GST Password 5. Monthly GSTR 3B 6. Monthly GSTR 1 7. Monthly GST Workings 8. Monthly ITC reversal workings along with final reversal 9. Transitional Credits ...

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Problems & Suggestion for GST Yearly Return- GSTR 9, 9A & 9C

Goods and Services Tax - The latest example is the enormously lengthy yearly return forms 9, 9A & 9C. While taxpayers are finding it difficult to provide the required information, Chartered Accountants are also at a loss – despite clarifications – as to which data is to be filled where in so many fields. Local GST authorities are also not in a position to hel...

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Extend due date of Annual GST Return/ GST Audit in Form GSTR-9, 9A, 9B-9C

Goods and Services Tax - Representation on Extension of Due Date For Filing of Annual Return In Form GSTR-9, 9A, 9B And Audit Report In Form GSTR-9C...

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Handbook on GST Annual Return- Analysis of GSTR 9 / GSTR 9A

Goods and Services Tax - The submission and processing of return is an important link between the taxpayers and tax administration. Section 44 of the Central Goods & Services Tax (CGST) Act, 2017 stipulates that every registered person shall furnish an annual return for each financial year. Annual return is a consolidation of returns filed i.e. GSTR 1 and GST...

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Appointment of CMA/CA firms for conducting GST audit of ICMAI

Goods and Services Tax - The Institute of Cost Accountants of India invites quotations from CMA/ CA firms for conducting GST audit for the F.Y. 2017-18, (22 GSTINs) as per the details below:-...

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CBIC extends due date of filing Form GSTR-9, GSTR-9A & GSTR-9C

Goods and Services Tax - CBIC extended Due date for filing of Annual return for FY 2017-18 in FORMs GSTR-9, GSTR-9A and GSTR-9C extended to 31st March, 2019 vide Press Release Dated 7th December, 2018. Official Order is expected today. FORM GSTR-9 and FORM GSTR-9A have been notified vide notification No. 39/2018-Central Tax, dated 04.09.2018 while FORM GSTR-9C ha...

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Extend Time For Filing GST Annual Return and GST Audit Report

Goods and Services Tax - Memorandum to Union Finance Minister for extension of time For Filing Annual Return In Form GSTR 9 And Audit Report In Form GSTR 9C till 31st March 2019...

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GST Annual Return, Reconciliation Statement & Refund Application format amended

Notification No. 74/2018–Central Tax - (31/12/2018) - Fourteenth amendment to the CGST Rules, 2017 by which CBIC notified following forms- FORM-GST-RFD-01 –Application for Refund Applicable for casual or non-resident taxable person, tax deductor, tax collector, unregistered person and other registered taxable person) FORM-GST-RFD-01 A- Applicatio...

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Due date of GST Annual Return / Audit extended to 31st March, 2019

Order No. 1/2018-Central Tax - (11/12/2018) - every registered person, other than an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a non-resident taxable person, shall furnish an annual return for every financial year electronically in such form and manner as may be prescribed on or b...

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Processing of final GST refund -Revised instructions for Audit initiation

Internal Circular No. 35A of 2018 - (01/12/2018) - In case the Nodal Officer decides to undertake the Audit, then he/she shall issue a notice in FORM-GST-ADT-01. Depending upon the record to be verified he/she may decide whether the Audit is to be carried out at the business premises of the tax payer or at the office concerned. The place at which th...

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TDS provisions under GST effective from 01.10.2018

Notification No. 50/2018–Central Tax [G.S.R. 868(E)] - (13/09/2018) - CBIC notifies that Section 51 of the CGST Act (provisions related to TDS) will come into force w.e.f 01.10.2018 vide Notification No. 50/2018 – Central Tax Dated: 13th September, 2018 Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs New De...

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CBIC notifies FORM GSTR – 9C – Reconciliation Statement & Certification

Notification No. 49/2018-Central Tax [G.S.R. 867(E)] - (13/09/2018) - CBIC notifies FORM GSTR – 9C – Reconciliation Statement & Certification in cases where the reconciliation statement (FORM GSTR-9C) is drawn up by the person who had conducted the audit vide Notification No. 49/2018 – Central Tax Dated: 13th September, 2018. Government of India Mini...

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Recent Posts in "GST Audit"

Unraveling GSTR 9- A clause by clause analysis- Part IV

As the India continues its winning streak against Pakistan in cricket world cups, the rush for filing GSTR 9 and GSTR 9C is also catching up, continuing the legacy of the first three parts, here we present the 4th and last part of our series of article, “Unravelling GSTR 9- A clause by clause analysis […]...

Read More

Applicability of GST Audit

GST Audit for FY 2017-18 is applicable to every registered person whose aggregate turnover during a financial year exceeds Rs. 2 Crores. The copy of audited annual accounts and a reconciliation statement is to be furnished while filing GSTR-9C....

Read More

Postpone last date for filing GST returns in Form GSTR 9, 9A & 9C

Postpone the last date for filing yearly returns in Forms GSTR 9,GSTR 9A and GSTR 9C or withdraw it completely, at least for the FY 2017-18...

Read More

GST Audit (GSTR-9C) – Practical Checklist alongwith Audit Process

Practical Checklist For Initiating GST Audit – FORM GSTR -9C DOCUMENTS LIST – 1. Signed Financial Statements 2. State wise financial statements, if required 3. GST User Id 4. GST Password 5. Monthly GSTR 3B 6. Monthly GSTR 1 7. Monthly GST Workings 8. Monthly ITC reversal workings along with final reversal 9. Transitional Credits ...

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Problems & Suggestion for GST Yearly Return- GSTR 9, 9A & 9C

The latest example is the enormously lengthy yearly return forms 9, 9A & 9C. While taxpayers are finding it difficult to provide the required information, Chartered Accountants are also at a loss – despite clarifications – as to which data is to be filled where in so many fields. Local GST authorities are also not in a position to hel...

Read More

Unraveling GSTR 9- A clause by clause analysis- Part III

With the world cup fever at its peak, the rush for filing GSTR 9 and GSTR 9C is also catching up, continuing the legacy of the first two parts (Read at https://taxguru.in/author/thevishjain/ ), here we present the 3rd part of our series of article, ‘Unravelling GSTR 9- A clause by clause analysis by CA Vishal […]...

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GST Audit  : A bird Eye View

1) Definition of Audit under the CGST Act 2017 Section 2(13) of the CGST Act 2017 States that 2(13) ‘audit’ means ( Exhaustive Definition) 1) the examination of records, 2) returns and 3) other documents maintained or furnished by the registered person under this Act or the rules made thereunder or under any other law [&hellip...

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GST Annual Return & subsequent reconciliation for GST Audit- Issues

We urge you to consider and clarify the following issues which are arising at the time of preparing and filing Annual Return in Form GSTR-9. Please note that this is an illustrative list of burning issues and there are many more issues being faced by the taxpayers and professionals alike....

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Sample Management Representation Letter for GST Audit

Given below is a sample Management Representation Letter for GST Audit. It is not intended to be a standard letter. Representations by management will vary from one entity to another and from one period to the next....

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GST AUDIT: GSTR-9C -Analysis of Point No. 5A to 5O

POINT NO. 5  OF  FORM  GSTR 9C (CLAUSE WISE) – SHORT ANALYSIS 5A – Turnover (including exports) as per audited financial statements for the State / UT (For multi-GSTIN units under same PAN the turnover shall be derived from the audited Annual Financial Statement) The turnover as per the audited Annual Financial Statement shall ...

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