Yearly Archives: 2019

Checklist for GST Audit of Traders

By | July 13, 2019

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 »

Category: GST

Clarification on Income Disclosure Scheme 2016 by CBDT

By | July 13, 2019

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 »

List of Records and Register of Taxpayers to be verified by GST Audit Team of CBIC

By | July 11, 2019

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 »

GST Audit Manual 2019 : by CBIC : Download

By | July 11, 2019

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 »

Category: GST

Cabinet approves the Banning of Unregulated Deposit Schemes Bill 2019 

By | July 11, 2019

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 under GST

By | July 10, 2019

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 »

Category: GST

Section 80EEB Income Tax : Deduction for purchase of electric vehicle

By | July 10, 2019

Section 80EEB Income Tax : Deduction for purchase of Electric Vehicle Budget 2019-20 Speech of Finance Bill 2019 on 05.07.2019 Incentive to purchase electric vehicle: In order to incentivise purchase of electric vehicle by an individual, it is proposed to provide deduction of an amount uptoRs. 1,50,000 for interest paid on loan taken for purchase… Read More »