February 17, 2021
Table of Contents List of companies required to apoint internal auditorIn case of GST, a very detailed checking is required.Internal audit in GST: Following areas need to be checked by auditorGSTR-1 Details of Outward SuppliesGSTR-2A Details of Inward supplyGSTR-3B (Monthly/ Quarterly Return)E-way billInput service distributor (ISD) Internal audit in GST is a very crucial aspect
February 3, 2021
Central government is empowered to make or amend rule, whether on recommendation of GST council or otherwise, under section 164 of the (CGST Rules)Central Goods and Service Tax Act, 2017. In accordance with this power, on recommendation of GST Council, Central government on 22nd December 2020, vide notification no. 94/2020, hereby made following rules to amend
February 3, 2021
Table of Contents IntroductionWhy is Input Tax Credit relevant?Journey of Input Tax Credit Rule 36(4)Impact of this Input Tax Credit rule on taxpayerVALIDITY: (Here, validity means how valid and just, rule 36(4) is): -Claim upto 100% Input Tax Credit IntroductionIn the world of GST, Input Tax Credit (Commonly known as ITC) is a big relaxation