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The Gujarat State Tax Department, the central body for the administration and collection of different taxes in the state of Gujarat, has produced the Model Goods and Services Tax (GST) Audit Manual 2022 for State tax officials and officers. The model GST Audit Manual is designed to be a complete resource that would aid Gujarat […]
According to the Delhi Bench of the Income Tax Appellate Tribunal (ITAT), the assessing officer was not justified in taking severe measures and rejecting audited books of accounts based only on general observations that photocopies of the bills had been supplied in place of the original bills. Anubhav Sharma, a judge, and Pradip Kumar Khedia, […]
The announcement for restructuring of the state GST department dated 19th January will be done by Chief Minister Pinarayi Vijayan said Kerala Finance Minister KN Balagopal. Kerala FM stated that there would be a restructuring of the GST council. At present three sections would be there, taxpayer, audit, and intelligence. There shall be much more […]
The Karnataka High Court in a ruling asked the department to restore the denied GST enrollment since the taxpayer can not furnish the GST returns because of the untimely death of the auditor. The petitioner, M/s Kolapudi Enoch Washington mentioned that because of the sudden death of his auditor he can not incur the GST […]
In the current times, Clause 44 of 3CD become the ‘Buzz word’ for every professional. People are giving their views recognizing the aspect of reconciliation with indirect tax records. Form 3CD of Tax Audit Report (TAR) was revised in July 2018 via Notification No. 33/2018 on 20.07.2018 to include Clause 44 on reporting of GST […]
Central Board of Indirect Taxes and Customs (CBIC) made the system for online GST audit tracking via tax officials all over the country for proper audit procedures. GST audits would start in the same year and would be managed by the tax authority mentioning a proper process for ensuring satisfactory tax returns while the same […]
A GST expert CA Sunil P Jain mentioned that the traders and the tax consultants are suffering from the issues in CGST departmental audit as towards the GST law various discrepancies are there, and in other cases, it is found even in the departments. Various meanings are assumed, and the business found it difficult to […]
The Central Board of Indirect Taxes and Customs (CBIC) would ensure that the rising number of GST audits has the purpose to rectify the quality of GST returns furnished does not load on the businesses. Audit of the books of accounts and the other major documents of the businesses beneath GST law has gained speed, […]
The income tax department has circulated the Availability of the audit report and the process flow towards audit reports in e-filing 2.0. The process flow towards the audit reports excluding Form 15CB and Form 10CCB poses that the assessee needs to add CA in My CA functionality beneath the assessee login. When a CA is […]
