Cash receipts Nature of duties of a person who is expected to have committed fraud. Examine the line of responsibility among the various members of the staff. Income received from different sources should be scrutinized. Carbon copies of receipts marked…
“Agriculture Income” means- Any rent or revenue received from the land which is situated in India and is used for agricultural purposes; Any income derived from such land by agricultural operations including processing of the agricultural products raised or received…
Introduction The Hindu Undivided Family (HUF) is a distinct form of Business organization peculiar to India. Hindu Undivided Family (HUF) is created by the operation of law. Hindu Undivided Family (HUF) does not have any separate legal entity from that…
Table 5A Turnover (including exports) as per audited financial statements for the State/UT (for the multi-GSTIN unit under the same PAN the turnover shall be derived from the audited annual financial statement) The turnover as per the audited annual financial…
Reconciliation of tax paid: Table 9 Reconciliation of rate wise liability and the amount payable thereon: The table provides for cancellation of tax paid as per reconciliation statement and amount of tax paid as declared in annual return (GSTR 9).…
About: GSTR 9C is a statement of reconciliation between the annual returns in GSTR-9 filed for a financial year, first being 2017-18, and the figures as per audited annual financial statements of the taxpayer. It is certified by the Chartered…
The Finance minister has announced certain new provisions in GST. According to Clause 124 of the Finance Bill 2020 Section 122 of the CGST Act, 2007 is being amended by inserting a new subsection 122(1A) to make the beneficiary of…
According to Section 61 of the CGST Act, 2007 Dealt with the provisions relating to scrutiny of returns Section 61 is divided into three subsections:- As per section 61 Sub-Section (1): The proper officer may scrutinize the return and related…
Audit means the examination of records, returns and other documents maintained or furnished by a registered person under Goods and Services Tax Act are the rules made thereunder any other law for the time being in force to verify the…
Audit means the examination of records, returns and other documents maintained or furnished by a registered person under Goods and Services Tax Act are the rules made thereunder any other law for the time being in force to verify the…