Commercial Tax Department, Uttar Pradesh, under section 68 of UP GST Act 2017 and rule 138B of UPGST Rules, has issued directions for making checking of transport vehicles carrying goods, easy and effective. As per the directions, a mobile application has been developed for verification of e-way bill. On presentation of e-way bill during verification… Read More »
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS GOODS AND SERVICES TAX AUDIT MANUAL 2019 GSTAM ANNEXURE – XIII Check list for Audit of Traders 1. INVOICING PATTERN: 1. Whether the invoice issued contains all the information prescribed in Rule 46 of CGST Rules and is being numbered accordingly 2. Whether revised invoice or credit note or… Read More »
Clarification on certain procedural and technical issues in IDS 2016. CBDT Order u/s 119 F. No.225/282/2017/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (ITA.II) North Block, New Delhi, the 12th day of July, 2019 To All Pr. Commissioners of Income-tax Sir/Madam Subject: Clarification on certain procedural and technical… Read More »
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS GOODS AND SERVICES TAX AUDIT MANUAL 2019 ANNEXURE – GSTAM – IX VERIFICATION OF RECORDS/REGISTERS DURING THE COURSE OF AUDIT VERIFICATION (PROCEDURE / FORMATS SEPARATE FOR GOODS AND SERVICES) PATR –I : GOODS I. Records to be verified in the marketing and outward supplies department 1. Purchase Orders 2.… Read More »
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS GOODS AND SERVICES TAX AUDIT MANUAL 2019 As per section 73 ( 6) of CGST act ” The proper officer, on receipt of such information, shall not serve any notice under sub-section (1) or, as the case may be, the statement under sub-section (3), in respect of the tax… Read More »
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS GOODS AND SERVICES TAX AUDIT MANUAL 2019 GSTAM ANNEXURE – XIV CHECKS FOR COMPOSITE DEALER Source Documents Manner of Ratio Calculation/ Study Utilisation of the Ratios/Study in Audit 1 GSTR 9 A as well as Profit & Loss account Reconciliation of Turnover To check whether turnover is under… Read More »
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS GOODS AND SERVICES TAX AUDIT MANUAL 2019 GSTAM-2019 Download GST Audit Manual 2019 Directorate General of Audit TABLE OF CONTENTS S. No. Chapter No. Item 1 FOREWORD 2 1 Introduction and Legal Authority 3 2 Objectives and Principles of audit 4 3 Management of GST audit 5 4 Selection… Read More »
Ministry of Finance Cabinet approves the Banning of Unregulated Deposit Schemes Bill, 2019 Bill to be introduced in ensuing session of Parliament Posted On: 10 JUL 2019 The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved the banning of Unregulated Deposit Schemes Bill, 2019. It will replace the banning of Unregulated Deposit Schemes Ordinance,… Read More »
ITC on Motor Cycle Position from 01.02.2019 : Section 17(5) of CGST Act As per Section 17(5) of CGST Act Input tax credit shall not be available in respect of the following, namely:— (a) motor vehicles for transportation of persons having approved seating capacity of not more than thirteen persons (including the driver), except when they… Read More »
Incentives to National Pension System (NPS) subscribers (i) Under the existing provisions of section 10 of the Act, any payment from the NPS Trust to an assessee on closure of his account or on his opting out of the pension scheme, to the extent it does not exceed forty per cent of the total amount… Read More »