Goods and Services Tax : GSTN has made Ship-to GSTIN compulsory for Bill-to/Ship-to transactions from 1 August 2026. Businesses must update ERP systems and...
Goods and Services Tax : Payment of GST during a Section 65 audit does not automatically invoke Section 74. The department must independently establish fra...
Goods and Services Tax : Section 65 empowers GST authorities to conduct audits of registered taxpayers based on risk and compliance parameters. Understandi...
Goods and Services Tax : Centralized GST audits covering several years and registrations have raised concerns about misuse of extended limitation under Sec...
Goods and Services Tax : The article explains common objections raised during GST departmental audits under Section 65, including ITC mismatches, GSTR reco...
CA, CS, CMA : UDIN generation now requires disclosure of preceding year audit details for specific audit categories. The update strengthens audi...
Goods and Services Tax : Expression of Interest for empanelment of Chartered/Cost Accountants for GST special audit under Section 66 of RGST/CGST Act, 2017...
Goods and Services Tax : U.P. Tax Bar Association requests Finance Minister for extension of GST Annual Return filing deadline due to ongoing proceedings a...
Goods and Services Tax : This model GST Audit Manual is intended to be developed as a comprehensive document which would be helpful for the audit officer...
Goods and Services Tax : Empanelment of Chartered Accountants/Chartered Accountant firms/Cost Accountants/Cost Accountant firms for Special Audit of GST re...
Goods and Services Tax : The Bombay High Court held that Section 65 audit proceedings can be initiated even after GST registration is cancelled if the audi...
Goods and Services Tax : The Telangana High Court granted anticipatory bail to a Chartered Accountant accused in a share transfer fraud case, observing tha...
Goods and Services Tax : The Gujarat High Court has issued an interim order restraining final action on GST show-cause notices against Hubergroup India. Th...
Goods and Services Tax : HP High Court stays a GST audit against Saboo Tor Pvt. Ltd., citing the state's failure to issue the mandatory 15-day pre-audit no...
Goods and Services Tax : Delhi HC intervened in a GST dispute, staying proceedings against Dhruv Medicos Pvt. Ltd. The Court noted that the audit report wa...
Goods and Services Tax : West Bengal extends the GST audit completion deadline for the 2021-2022 period to August 22, 2025, due to delays in document submi...
Goods and Services Tax : West Bengal extends WBGST audit completion deadline to October 30, 2024, for cases commenced between July 1 and July 30, 2024....
Goods and Services Tax : Detailed guidelines for conducting GST audits in Maharashtra, including desk review, team formation, and audit monitoring for FY 2...
Goods and Services Tax : Government of Karnataka issued a circular outlining measures for effective GST audit and revenue optimization. The circular highli...
Goods and Services Tax : Extension of period for completion of Audit as per the proviso to sub-section (4) of section 65 of the WBGST Act, 2017 for the per...
GST Departmental Audit – Parameters For Selection, Documents That Can Be Asked For And Proactive Steps To Be Undertaken GST has been one of the biggest tax reforms of our country. July 2021 marked four years of GST Implementation and though it has stabilized to a large extent, the taxpayers are still grappling with some […]
On 30 of July, 2021 the GST Council notified about the same through Notification No. 29/2021, as the date of applicability of Section 110 and 111 of the Finance Act, 2021 will be 1 of August, 2021. i.e. form 1 of August, 2021.
It is submitted that Section 35 and 44 of The Central Goods and Services Tax, Act, 2017 (“CGST Act, 2017”) has been amended by Finance Act, 2021. It is stated that Sections 2 to 88 of Finance Act, 2021 shall come into force on the 1st day of April, 2021 and Sections 108 to 123 […]
1. Availing ITC: Crediting the ITC in Electronic Credit Ledger is availing ITC. Crediting ITC to credit ledger results in to ITC availed. 2. Utilization of ITC: Debiting the ITC in the Electronic Credit Ledger is utilization of ITC. Debiting ITC results in to ITC utilized. 3. Interest under section 50: Wrong credit taken i.e […]
Hon’ble Finance Minister, Smt. Nirmala Sitharam in her Budget Speech on 1st day of February, 2021, omitted Section 35(5) and substituted Section 44 by Section 110 & 111 of the Finance Act, 2021 respectively in the CGST Act, 2017, so as to remove the mandatory requirement of furnishing a Reconciliation Statement (GSTR-9C) duly audited by […]
GST Audit scrapped section 35(5) from GST Act 2017 OMITTED /New Provisions for Section 44 inserted Under GST, the compliance obligations under section 35(5) from GST Act has been removed to allow self-certification. Section 35 of the Central Goods and Services Tax Act Sub Section (5) shall be omitted. Before removal of Section 35(5) it […]
Certain notifications have been issued by the CBIC yesterday relating to filing of Annual Return in FORM GSTR-9 and Reconciliation Statement in FORM GSTR-9C. A brief summary of them all is as below: Notification No. 29/2021 – Central Tax The provisions of Sec 110 & Sec 111 of the Finance Act, 2021 have been notified […]
1. Notification No.29/2021 – Central Tax Dt.30.07.2021 has been issued appointing 01.08.2021 as the date on which the provisions of Sections 110 and 111 of the Finance Act, 2021 shall come into force. 2. Section 110 and 111 of the Finance Act, 2021 are reproduced hereunder – 110. In section 35 of the Central Goods […]
Vide Notification No. 31/2021-Central Tax Dated : 30th July, 2021 CBIC exempts the registered person whose aggregate turnover in the financial year 2020-21 is upto two crore rupees, from filing annual GST return for the said financial year. This would ease compliance requirement of furnishing reconciliation statement in FORM GSTR-9C, as taxpayers would now be […]
CBIC has vide Notification No. 30/2021–Central Tax | Dated 30th July, 2021 amended Rule 80 related to Annual GST Return, It further amended Instructions related to GSTR 9 and also amended Form GSTR 9C. The existing Rule 80 replaced for making the requisite amendments in Form GSTR-9 & Form GSTR-9C. The default due date as […]
