Daily Archives: December 14, 2018

Expense wise reconciliation required in GSTR 9C (GST Audit)

By | December 14, 2018

Expense wise reconciliation required in GSTR 9C (GST Audit) Table 14 of GSTR-9C (Reconciliation Statement if turnover Exceeds Rs 2 Crore )  requires expense-wise reporting of ITC available and availed Issue: 1. Table 14 of GSTR-9C requires expense-wise reporting of ITC available and availed whereas it is not feasible for auditors to verify expense wise… Read More »

Cash flow statement requirement for GSTR 9C (GST Audit )

By | December 14, 2018

Cash flow statement requirement Issue: There is a requirement to attach cash flow statement with form GSTR-9C. However, for small scale businesses it is difficult to comply with as they are not required to prepare the same. Suggestion: It is suggested to make the attachment of cash flow statement optional for small scale businesses GSTR… Read More »

Category: GST

Revised Guidelines for Ground Water Extraction Notified, effective from 01.06.2019

By | December 14, 2018

Ministry of Water Resources, River Development and Ganga Rejuvenation Revised Guidelines for Ground Water Extraction Notified, to be Effective From 1st June 2019 Water Conservation Fee Introduced for the First Time Posted On: 13 DEC 2018 In order to comply with various directions of the Hon’ble NGT and to address various shortcomings in the existing… Read More »

GST MCQs on Annual Return

By | December 14, 2018

GST MCQs on Annual Return Q : The annual return shall be filed by the registered taxable person (other than dealers paying tax under Section 10) in form_____________ A. GSTR 9 B. GSTR 9A C. GSTR 9C D. GSTR 10 Answer A. GSTR 9 Q: Annual return shall be filed by the person registered under the composition… Read More »

Category: GST

Taxmann GST Audit & Annual Return 2018 Edition Book by Aditya Singhania 

By | December 14, 2018

Taxmann GST Audit & Annual Return Description GST Audit Report  Clause-wise detailed analysis How to do various reconciliations in GSTR 9C Explanation using practical examples Action to be taken for each clause Checkpoints while doing GST audit Interlinks with Audited Annual Financial Statements GST Annual Returns Table-wise detailed discussion Practical Scenarios in tabular presentation Interlinks… Read More »

Category: GST