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GST

Goods and Services Tax Act – GST Law

Definitions

Definitions

Definitions : “aggregate turnover” means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), […]

Supply as per GST Law

Supply as per GST Law

Supply as per GST Law : Section 7 (1) For the purposes of this Act, the expression “supply” includes–– All forms of supply of goods or services or both such […]

Taxable Event in GST

Taxable Event in GST

Taxable Event in GST ‘Taxable event’ is that on happening of which the charge is fixed. It is that event, which on its occurrence creates or attracts the liability of […]

Reconciliation Requirement:

Reconciliation Requirement:

Reconciliation Requirement: HSN code wise Taxable Turnover and Quantity Taxable Turnover – Tax Rate wise – Monthly Determination of Taxable Turnover, tax amount under IGST,CGST/SGST. Tax liability under Reverse charge […]

Stage wise action for audit

Stage wise action for audit

Stage wise action for audit : i. Preparation/updating of Taxable Person master file containing comprehensive Taxable Person profile. ii. Collection of all relevant documents, data reconciliation statement and reply to […]

General Guidelines

General Guidelines

General Guidelines: While conducting audit, the auditor is required to carry out his duties with utmost sincerity, integrity and diligence. The auditor has immense responsibility in detection of non-compliance, procedural […]