ICAI Meets FM Sitharaman on Consequences of GST Audit

Office bearers of the Institute of Chartered Accountants of India meet Finance Minister Nirmala Sitharaman so as to have the consequences of the move to dispense with audit beneath GST act.

They urged the government’s move to rectify the compliance of the law for the easy functioning of the trade and business sector. They show the importance to maintain the balance amid ease of implementing the business under the law. But CA directs that the shift to suspend the GST audit Get some necessary points to be noted while filing GSTR 9C (GST Annual Return Audit Form) by tax professionals along with easy guide before GST audit report. read more will not only lead to a loss in the tax revenue however it indeed raises the litigation and corruption as well.

The returns are more effective towards the annuity plans, however, SCSS can settle better rates for fresh investors quickly if it returns from the step.

FM directed over the level of tax evasion. She stated that the personal view of the institute of chartered accountants of India will be left to consider.

Babu Abraham Kallivayalil, Chairman, Professional Development Committee of the Institute of Chartered Accountants of India; Jomon K George, Former Chairman, Regional Council; Ranjith Warrier, Chairman, Ernakulam Branch; KV Jose, Vice Chairman; Deepa Varghese, Secretary was included in the organization who meets the Finance Minister in Kochi.