Tax Connect
madhuvridhi
Tag: gst audit
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Latest GST Changes from September 2024
From 1st September, many changes in the GST Act will take place that will impact your GST Returns filing
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GST Audit and Annual Return – 2018-19
[Sections 35(5), 65, 66 and 44 of the CGST Act, 2017 read with Rule 80, 101 and 102 of the CGST Rules, 2017] Introduction Audit under GST is the examination of records maintained by the taxable person to verify the correctness of information declared, taxes paid by him under the provisions of the Act. GST…
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GST Audit by Department
The tax authorities can issue the directions to audit the books of account of a registered person to check the correctness of turnover of business, rate of tax applied, input tax credit claimed etc. Within 30 days of conclusion of audit, the proper officer shall inform the registered person about his findings and the reasons…
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Goods & Service Tax ( GST ) Audit – 2018
Every registered entity whose aggregate turnover during a financial year exceeds Rs. 2.00 crore has to get its accounts audited as the provisions of GST Act. Such person has to furnish a copy of audited annual accounts and a reconciliation statement, duly certified, in FORM GSTR-9C.