GST Audit

Departmental GST Audit Process – Key Highlights

Goods and Services Tax - What is GST Audit?  Audit under GST is the process of examination of records, returns and other documents maintained by a taxable person. The purpose is to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed, and to assess the compliance with the provisions of GST. Key Objective: 1. [&hell...

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GST Audit By Tax Authorities [Section 65]

Goods and Services Tax - Now proposal of scrap of GST Audit has taken in union budget 2021  1. Scope of GST Audit under section 65 has been increased 2. As per Departmental information massive cases will be taken in GST Audit as per section 65 So all the professionals and consultant are preparing and update yourself to accept challenge […]...

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Budget 2021: GST Audit by professionals scrapped?

Goods and Services Tax - This GST Charcha deciphers into recent changes in GST Laws made vide Clause No. 101, 102 and 112 of the Finance Bill, 2021 with respect to scrapping GST Audit by professionals and moving to self-certification....

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Why GST Audit necessary even after the Budget?

Goods and Services Tax - Goods and Service Tax ‘GST’ is a trust-based taxation regime wherein a taxpayer have to self-assess his tax liability, tax payment, and returns. Thus, to ensure the correctness of assessment by the assessee GST audit is compulsory. GST audit involves an examination of records, returns, and other documents maintained by the a...

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GST Amendment Proposed In Finance Bill 2021

Goods and Services Tax - As the day progresses we professionals are going through lot of GST amendments, circulars, notifications etc .and yet we are finding it how to make it good and simple tax for our clients .In this budget, the main focus of government was to collect tax overruling all previous supreme court judgments or high courts judgements. […]...

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GST Audit is not an avoidable compliance: ICAI President

Goods and Services Tax - Besides other points, ICAI president apprised that GST Audit is not an avoidable compliance. GST Audit by a Chartered Accountant ensures maker checker concept thereby detecting inconsistencies, lapses, errors and ambiguities, if any, in complying with the provisions of GST law....

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File GSTR-9 & GSTR-9C for FY 2019-20 by February 28, 2021

Goods and Services Tax - Attention GST Taxpayers whose Aggregate Annual Turnover for the FY 19-20 is more than Rs. 5 crore! File your Annual Return along with Reconciliation statement GSTR-9C before February 28, 2021. Attention GST Taxpayers whose aggregate annual turnover for the FY 19-20 is more than Rs. 2 crore! File Annual GSTR-9 Return before February 28, 20...

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Appointment of GST Auditors For Financial Year 2019-20 with NTCL

Goods and Services Tax - Tender Document For Appointment Of GST Auditors For The Financial Year 2019-20 with National Textile Corporation Limited (NTCL). NATIONAL TEXTILE CORPORATION LIMITED (A Govt. of India Undertaking) CIN No: U74899DL1968GOI004866 Core IV, SCOPE Complex, 7, Lodhi Road, New Delhi – 110003 Tel. No. 011- 24360101/Extn:2679, Fax No. 011- 243611...

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Empanelment for Special Audit with Delhi GST department

Goods and Services Tax - Expression of Interest (EOIs) For Empanelment of Chartered Accountants/Chartered Accountant firms/Cost Accountants/Cost Accountant firms for Special Audit with Department of Trade & Taxes, Govt. of NCT of Delhi. Request for Expression of Interest (EOIs) For Empanelment of Chartered Accountants/Chartered Accountant firms/Cost Accounta...

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GST Audit by audit professionals should continue: BVSS

Goods and Services Tax - Bhartiya Villa Salahkar Samiti (BVSS) has suggested Government to not to delete the provisions of GST Audit by audit professionals. Text of their Press Release is as follows:- Reg: suggestion not to delete the provisions of  ‘GST Audit by audit professionals’ (CA/ CMA) BVSS applauds the efforts of the Hon’ble FM Mrs. Ni...

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Bombay HC dismisses plea for GSTR9/9C due date extension (Read order)

Goods and Services Tax Practitioners’ Association Vs. Union of India (Bombay High Court) - Goods and Services Tax Practitioners’ Association Vs. Union of India (Bombay High Court) On due consideration, we are not inclined to accede to the prayer made by the petitioners that too at this eleventh hour. It is not that the time-limit has not been extended. The initial due date of 31.12.2020...

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Consider representation to be filed for extension of GSTR9/9C due date: HC

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 ad...

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HC allowed dept to conduct Service Tax Audit post GST implementation

Ess Infraproject Private Limited Vs Union of India (Bombay High Court) - Ess Infraproject Private Limited Vs Union of India (Bombay High Court) The issue of the saving of Rule 5A(2) of Service Tax Rules, 1992 on introduction of CGST Act, 2017 is an issue that requires detailed consideration. This would be appropriately done at the final hearing. Thus, granting of interim...

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Due date for filing GSTR-9 & GSTR-9C for FY 2019-20 extended

Notification No. 04/2021– Central Tax - (28/02/2021) - Due date for furnishing of GSTR-9 and GSTR-9C for the financial year 2019-20 extended further to 31.03.2021. Due date was earlier extended from 31.12.2020 to 28.02.2021...

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Govt extend due dates of Tax Audit/ITR/VSV Scheme/GSTR 9/9A/9C

NA - (30/12/2020) - In view of the continued challenges faced by taxpayers in meeting statutory compliances due to outbreak of COVID-19, the Govt further extends the dates for various compliances. Due date for filing ITR (Non tax audit) extended till 10/01/2021. Due date for filing Tax Audit and TP Audit Report extende...

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General procedure for GST Audit | Section 65 | MGST Act 2017

Trade Circular no.13T of 2020 - (21/12/2020) - The Maharashtra Goods and Services Tax Department (MGSTD) is initiating audits u/s 65 of the MGST Act in case of selected RTPs. The present circular is being issued to clarify certain aspects related to GST Audit u/s 65 of MGST Act, 2017. Commissioner of State Tax, Maharashtra Stale, Mumbai 8th flr....

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GSTR 9, GSTR 9A, GSTR 9C due date extended to 31st Dec 2020

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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GST annual return filing date for FY 2018-19 extended till 30.09.2020

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 specif...

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Recent Posts in "GST Audit"

GST Audit is not an avoidable compliance: ICAI President

Besides other points, ICAI president apprised that GST Audit is not an avoidable compliance. GST Audit by a Chartered Accountant ensures maker checker concept thereby detecting inconsistencies, lapses, errors and ambiguities, if any, in complying with the provisions of GST law....

Read More
Posted Under: Income Tax | ,

Due date for filing GSTR-9 & GSTR-9C for FY 2019-20 extended

Notification No. 04/2021– Central Tax 28/02/2021

Due date for furnishing of GSTR-9 and GSTR-9C for the financial year 2019-20 extended further to 31.03.2021. Due date was earlier extended from 31.12.2020 to 28.02.2021...

Read More

Bombay HC dismisses plea for GSTR9/9C due date extension (Read order)

Goods and Services Tax Practitioners’ Association Vs. Union of India (Bombay High Court)

Goods and Services Tax Practitioners’ Association Vs. Union of India (Bombay High Court) On due consideration, we are not inclined to accede to the prayer made by the petitioners that too at this eleventh hour. It is not that the time-limit has not been extended. The initial due date of 31.12.2020 has been extended to […]...

Read More

File GSTR-9 & GSTR-9C for FY 2019-20 by February 28, 2021

Attention GST Taxpayers whose Aggregate Annual Turnover for the FY 19-20 is more than Rs. 5 crore! File your Annual Return along with Reconciliation statement GSTR-9C before February 28, 2021. Attention GST Taxpayers whose aggregate annual turnover for the FY 19-20 is more than Rs. 2 crore! File Annual GSTR-9 Return before February 28, 20...

Read More
Posted Under: Income Tax |

Departmental GST Audit Process – Key Highlights

What is GST Audit?  Audit under GST is the process of examination of records, returns and other documents maintained by a taxable person. The purpose is to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed, and to assess the compliance with the provisions of GST. Key Objective: 1. [&hell...

Read More
Posted Under: Income Tax |

GST Audit By Tax Authorities [Section 65]

Now proposal of scrap of GST Audit has taken in union budget 2021  1. Scope of GST Audit under section 65 has been increased 2. As per Departmental information massive cases will be taken in GST Audit as per section 65 So all the professionals and consultant are preparing and update yourself to accept challenge […]...

Read More
Posted Under: Income Tax |

Budget 2021: GST Audit by professionals scrapped?

This GST Charcha deciphers into recent changes in GST Laws made vide Clause No. 101, 102 and 112 of the Finance Bill, 2021 with respect to scrapping GST Audit by professionals and moving to self-certification....

Read More
Posted Under: Income Tax | ,

Appointment of GST Auditors For Financial Year 2019-20 with NTCL

Tender Document For Appointment Of GST Auditors For The Financial Year 2019-20 with National Textile Corporation Limited (NTCL). NATIONAL TEXTILE CORPORATION LIMITED (A Govt. of India Undertaking) CIN No: U74899DL1968GOI004866 Core IV, SCOPE Complex, 7, Lodhi Road, New Delhi – 110003 Tel. No. 011- 24360101/Extn:2679, Fax No. 011- 243611...

Read More
Posted Under: Income Tax |

Empanelment for Special Audit with Delhi GST department

Expression of Interest (EOIs) For Empanelment of Chartered Accountants/Chartered Accountant firms/Cost Accountants/Cost Accountant firms for Special Audit with Department of Trade & Taxes, Govt. of NCT of Delhi. Request for Expression of Interest (EOIs) For Empanelment of Chartered Accountants/Chartered Accountant firms/Cost Accounta...

Read More
Posted Under: Income Tax |

Why GST Audit necessary even after the Budget?

Goods and Service Tax ‘GST’ is a trust-based taxation regime wherein a taxpayer have to self-assess his tax liability, tax payment, and returns. Thus, to ensure the correctness of assessment by the assessee GST audit is compulsory. GST audit involves an examination of records, returns, and other documents maintained by the a...

Read More
Posted Under: Income Tax |

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