August 26, 2019
Definition of Audit given under Section 2(13) of CGST Act 2017, envisages, auditor should verify the correctness of Turnover Declared, taxes paid, refund claimed, ITC availed and assess compliance with provisions of GST Law. While carrying out certification for Form GSTR 9C, auditor is required to ensure that he has obtained reasonable audit evidence to
August 23, 2019
In our previous post here we explained What IS GSTR 9? Type, Applicability, Late Fees & Requirements in detail. You can browse other GSTR 9 tutorials here. Today we are going to see How to File GSTR 9 Annual Return Online – Step by Step. While filing GSTR 9 you may have certain questions like-What if
August 20, 2019
1.What if outward supplies as per GSTR 1 is more than that reported In GSTR 3B?Verify if outward liability reported as per GSTR 1 is accurate. If GSR 1 is accurate, then verify if additional liability has been reported in GSTR 3B in the next year. If it is reported in next year, then show
August 9, 2019
By virtue of Section 51 of CGST Act 2017, government has introduced the concept of Tax Deducted at Source under GST, unlike it is there under Income Tax. TDS refers to the tax which is to be deducted when the recipient of goods/ services makes some payments under contract. Intention behind this seems to be,
July 29, 2019
Housing society are non profit oriented organization, which works for its members. Housing, under GST, it is important that said societies should evaluate GST Impact on its activity.GST is not just on organization who are doing profit motive business, but it is also applicable to on association of person, charitable organization. There is one argument
July 26, 2019
Table of Contents APPLICABLE PROVISIONS:OLD ITC UTILIZATION Vs NEW ITC UTILIZATIONMANNER OF ITC UTILIZATION AS PER NEW METHOD:MATRIX OF ITC UTILIZATION AS PER NEW METHOD:Example:STRATEGIES OF ITC UTILIZATION:Claim upto 100% Input Tax Credit Even though GST is single Tax System, but it has ingredients of 3 Taxes ( CGST / SGST / IGST ) and