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.
February 21, 2022
GST Audit (GSTR9C Form) is the examination of records returns and other documents maintained to be filed by the GST registered taxpayers who are having aggregate turnover above 5 crores annually. Form GSTR9C is an annual GST return that the taxpayers have to file along with an audited financial statements.Every eligible taxpayer has to get
November 11, 2021
GST Audit has become essential with every passing day. This is especially true for businesses with multiple GST registrations. It becomes challenging for such businesses to keep track of all the GST activities in their various depots or sub-units with individual GST registration. Hence, it becomes necessary for such businesses to have a centralized mechanism to check
November 8, 2021
GST structure can sometimes become complicated when a business has multiple registrations.It becomes difficult for all the business units to comply with the GST laws in the entirety, and in some places, the GST laws and regulations get violated.To address all these issues, a business should prioritize its routine ‘in-house audit’ that identifies such discrepancies
October 21, 2021
GST structure and filing can sometimes be complex for businesses with multiple branches and each of them having a GST registration. Article briefly speaks on GST audit checklist also why we need the GST audit and GST audit procedure step by step. A taxpayer files his calculated GST as per the frequency of the GST return. But
May 13, 2021
GST audit or Audit, as defined under section 2(13) of the Central Goods and Services Tax Act, simply means an examination of returns; records; and relevant other documents. There are following two types of audits under GST-Type of GST auditGoverning sectionRemarksAudit based on threshold limit (popularly known as GST audit)Section 35(5) of the CGST ActThe registered
