GST Audits – Standards on Auditing The generally accepted auditing practices (GAAP) are those set-out Internationally which enable comparison of financial statements to post audit across the world to be uniform except local carve-outs. The ICAI formulates the Standards of Auditing (SAs) and auditors are to draw attention in case of non-compliance or material departures. […]
GST Applicability of income Received from Google Adsense After implementation of GST, there are still many areas which are not clear. out of them, one is the income earned by a YouTuber. With data costs so cheaper and the emergence of the 4G network, it has become much easier for the people to make and […]
GSTR 9 and 9C – GST Annual Return and Reconciliation I. Introduction Annual Return in FORM GSTR-9 and Reconciliation Statement in FORM GSTR-9C requires a registered person to disclose the Financial Year for which the said Forms are being filed. The concept of Financial Year although integral to Goods and Services Tax has not been […]
How to Reconciliation GST data? Matching the data filed by the supplier with the recipients and recording all the transactions that have taken place during that period is Reconciliation GST . This Reconciliation process ensures that no sales or purchases are being left or mistakenly shown in the GST returns.
GST Annual Return filing date extends to March 31, 2019 The the government has announced an extension by three months till March 31, 2019. as the deadline of December 31, 2018, to file GST Annual Return.
Conducting GST Audit – Checklist GST registration certificate, verification of invoice prepared under GST law, input tax credit availed as per GST law and job work transaction, to be taken care of while conducting the GST Audit .