July 8, 2022
Most of the businesses in India are expanded with multiple branches or sub-units. Most companies register these sub-units under GST for easier GST compliance and claiming the benefits of GST Input Tax Credit. Audit under GST is important key factor for the all types of business.These units may include GST-registered depots, GST-registered warehouses, workshops, etc.
June 14, 2022
Article broadly speaks on how to handle Departmental audit under GST, document and the risk parameter to avoid the notices and penalties in GST. As we know, GST (Goods and Services Tax) works on the ‘trust-based system’. Accordingly, the registered taxable person himself carries out the following compliances/ tasks under GST –Measures the tax liability on
April 26, 2021
GST follows a trust-based mechanism. Accordingly, the registered person himself assess the tax liability; pay the taxes and files GST returns. Hence, GST audit is important to ensure the correctness of the self-assessment done by the registered person.The present article discusses details from the GST Audit checklist necessary for a GST departmental audit.Audit and types
