GST Audit & Annual Return Manual
- Year of Publication: 2018
- Edition: 1st
- ISBN: 9788193917107
- No.of Pages: 424
GST Audit and Annual Return Manual provides guidance on verification of the completeness and authenticity, both technically and logically, of Input Tax Credit by Companies and Auditors.
Key Features:
(1) Includes checklist for Input Tax Credit health check
(2) Clarifies position on availing of Input Tax Credit in disputed issues including CSR, work contract, Motor vehicle
(3) Examines Input Tax Credit in relation to Gift and Business promotion
(4) Contains checklists to ensure compliance with provisions related to Input Tax Credit
- Blocked credit
- Job work
- Input Service Distributor
- Reversal of common ITC
(5) Provides clarity on
- True and Correct View v/s True and fair view for the Auditor
- Ambiguity on adoption of accounts of Statutory auditor/ other auditor under any other law or Separate Auditor for GST audit of accounts
- GST Audit state-wise vis-a-vis PAN India
- Annual Returns linked with other returns
- Auditor’s position in case of various kind of mismatch between GSTR – 2A & GSTR – 3B
Highlights
(1) Analysis of the relevance of September return
(2) Highlights the role of CA/ICWA in GST Audit
(3) Enumerates Key Actions Points in case of mismatch
(4) Examines applicability of rate of interest under various kinds of defaults
(5) Discusses advance ruling including the impact of 2018 Amendments
(6) Includes checklists for the Auditors
(7) Provides section-wise analysis of GSTR-9C with practical Illustrations
(8) Covers FAQs on the Annual Return and GST Audit
Devan Gupta is a Chartered Accountant and Partner at KMDG & Associates, Chartered Accountants leading its Practise in Transaction Structuring and Audit in India and Gulf. His area of expertise is understanding the transaction of the company and structure it from the cost optimization perspective and he advises big corporates and start-ups in India and on VAT in UAE from the Tax Perspective. He has previously worked at senior positions in PWC and KPMG. His involvement in GST is primarily with regard to the preparation of the SOP’s, GST Audit checklist and check points. Devan Gupta is a regular speaker and presenter in India and UAE.
Kapil Mahani is a Chartered Accountant and Partner at KMDG & Associates, Chartered Accountants leading its India and Gulf Indirect Tax Practise. His areas of focus include advising companies in matters relating to Indirect tax across various sectors and assist companies in implementing GST in India and VAT in UAE. Kapil has worked at senior positions in Indirect Tax practice of Ernst and Young LLP. Kapil regularly contributes articles on a variety of subjects in the field of tax both India Indirect tax and gulf VAT law.
OakBridge is a new age information services company established to re-establish the craft of publishing to better-serve the evolved needs of today’s Professionals and Academia. It is uniquely designed to have a strong framework of authoritative and reliable content, ethical and transparent business practices, operational excellence, and an unparalleled customer experience.
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- Year of Publication: 2018
- Edition: 1st
- ISBN: 9788193917107
- No.of Pages: 424
GST Audit and Annual Return Manual provides guidance on verification of the completeness and authenticity, both technically and logically, of Input Tax Credit by Companies and Auditors.
Key Features:
(1) Includes checklist for Input Tax Credit health check
(2) Clarifies position on availing of Input Tax Credit in disputed issues including CSR, work contract, Motor vehicle
(3) Examines Input Tax Credit in relation to Gift and Business promotion
(4) Contains checklists to ensure compliance with provisions related to Input Tax Credit
- Blocked credit
- Job work
- Input Service Distributor
- Reversal of common ITC
(5) Provides clarity on
- True and Correct View v/s True and fair view for the Auditor
- Ambiguity on adoption of accounts of Statutory auditor/ other auditor under any other law or Separate Auditor for GST audit of accounts
- GST Audit state-wise vis-a-vis PAN India
- Annual Returns linked with other returns
- Auditor’s position in case of various kind of mismatch between GSTR – 2A & GSTR – 3B
Highlights
(1) Analysis of the relevance of September return
(2) Highlights the role of CA/ICWA in GST Audit
(3) Enumerates Key Actions Points in case of mismatch
(4) Examines applicability of rate of interest under various kinds of defaults
(5) Discusses advance ruling including the impact of 2018 Amendments
(6) Includes checklists for the Auditors
(7) Provides section-wise analysis of GSTR-9C with practical Illustrations
(8) Covers FAQs on the Annual Return and GST Audit
Devan Gupta is a Chartered Accountant and Partner at KMDG & Associates, Chartered Accountants leading its Practise in Transaction Structuring and Audit in India and Gulf. His area of expertise is understanding the transaction of the company and structure it from the cost optimization perspective and he advises big corporates and start-ups in India and on VAT in UAE from the Tax Perspective. He has previously worked at senior positions in PWC and KPMG. His involvement in GST is primarily with regard to the preparation of the SOP’s, GST Audit checklist and check points. Devan Gupta is a regular speaker and presenter in India and UAE.
Kapil Mahani is a Chartered Accountant and Partner at KMDG & Associates, Chartered Accountants leading its India and Gulf Indirect Tax Practise. His areas of focus include advising companies in matters relating to Indirect tax across various sectors and assist companies in implementing GST in India and VAT in UAE. Kapil has worked at senior positions in Indirect Tax practice of Ernst and Young LLP. Kapil regularly contributes articles on a variety of subjects in the field of tax both India Indirect tax and gulf VAT law.
OakBridge is a new age information services company established to re-establish the craft of publishing to better-serve the evolved needs of today’s Professionals and Academia. It is uniquely designed to have a strong framework of authoritative and reliable content, ethical and transparent business practices, operational excellence, and an unparalleled customer experience.
