Skip to content

GST

Goods and Services Tax Act – GST Law

Non-appearance or death of complainant.

Non-appearance or death of complainant.

Non-appearance or death of complainant :  Section – 256. (1) If the summons has been issued on complaint, and on the day appointed for the appearance of the accused, or any […]

Auditor to take care of

Auditor to take care of

Auditor to take care of : • Engagement letter with the Auditee • Representation letter with the management • Recent updates in the audit • Proper staff with technical competence […]

Tentative Areas of Coverage

Tentative Areas of Coverage

Tentative Areas of Coverage : • Nature of business • Revenue or Sales • Review of contracts, purchase order, etc., • Exemptions, Abatements, concessions, compositions • Review of Advances • […]

Due diligence

Due diligence

Due diligence : • Ensure compliance – Act /Rules • Avoiding possible litigations • Better tax planning • Scope of reduced cost of procurements • Prevent Error’s • Confirming reconciliation […]

Access of records

Access of records

Access of records : • All records maintained by the registered person under this law or any other law for the time being in force • Declared list of documents […]

Access to Business premises

Access to Business premises

Access to Business premises : • Sec 71 • Authorised CGST/SGST Officer would have access to business premises • Who can authorise? • Not below JC • What can they […]

Audit v/s Investigation

Audit v/s Investigation

Audit v/s Investigation : • Approach to an investigation is with a suspicion that something is wrong. • Investigation is carried out to • unearth specific tax evasion • Info […]