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A Practical Guide to GST Audits and Certification
Author
CA Madhukar Hiregange, Shri B S V Murthy, CA Mahadev R and CA Ravi Kumar Somani
Specifications
  • ISBN 13 : 9789389165265
  • year : 2019
  • language : English
  • binding : Softcover
Description
The book has been written with a perspective to enable the taxpayers to ensure compliance with the applicable laws. The vast experience of the four authors in consulting, adjudicating, judging and implementation of indirect taxes would help the professionals implement GST provisions and getting the Audit done in an easier way while providing value to their clients/employers. The book is divided into 8 parts as follows: part 1 – overview of GST [with focus on supply, ITC, valuation, place of supply, classification, etc.]. part 2 – concept and types of Audit under GST [including roles and responsibilities of the auditor]. part 3 - Audit process, methodology and approach [ideal step by step Audit process starting with risk assessment and ending with reporting]. part 4 – Audit standards, accounting Standards and guidance note relevant for GST Audit, annual return and mandatory certification. Part 5 –detailed concepts of areas to focus while conducting GST Audit [verification of documents/transactions after evaluation of internal control, reconciliations with tips to mitigate demand]. part 6 – step by step approach in the filing of annual return [including detailed instructions and checklist]. part 7 – step by step approach in the mandatory certification of reconciliation statement [including detailed instructions and checklist]. part 8 - customs Audit, year-end action points for taxpayers and other GST certifications. Appendices containing the gist of important notifications, guidance notes, standards, forms of Audit under GST and important templates for ready reference of professionals. Key features comprehensive guidance for conducting different types of GST audits with a focus on form GSTR 9 and GSTR 9C [for FY 2017-18 and FY 2018-19]. includes provisions of key auditing and accounting Standards relevant to GST. Includes practical tables giving step by step approach with internal control questionnaires, checklists, review program and reconciliation statements for: – Filing annual return with checklist and enabling formats – Audit certification detailed discussion on 8 key reconciliation statements including ITC, outward supplies, etc. Extensive list of common errors to be avoided in GST. Covers bird's eye view of legal concepts and key procedures of GST at a Glance. Ready reference appendices to important notifications, accounting entries, guidance notes on Audit, etc. Extensive discussion on professional approach to GST Audit using the internal control questionnaire and Sample Audit program. Covering important tools/techniques for optimization of tax, ITC, year-end actions, etc. To avoid future disputes and adding value. Visit HTTP://bit.Technology/gstaudit for free online updates and important information.