Frequent Dept. Audit Observations & Responses

  • Category: GST Updates
  • Date: 17-01-2023
  • Writers: CA Akshay M Hiregange, CA Madhukar N Hiregange

 

Introduction:

In the last few months, the number of departmental audits under GST has skyrocketed. 50,000 notices have been raised after scrutinising 1,00,000 taxpayers for the period ranging between FY 2017 to 2021. This is one more broken promise of trusting the taxpayer with promise of audits %age coming down. This has increased!! The compliant industries need to represent on basis of promissory estoppel.

We of course expected this earlier, a useful and brief article was...

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Various Important Reconciliations under Annual Returns - GST Audit Series (Part 8)

  • Category: GST
  • Date: 29-12-2022
  • Writers: CA Mahadev R, CA Ravi Kumar Somani , CA Yash Shah

GST Audit Series - Part 7 - 50 Important & Practical FAQs on GST Annual Returns

  • Category: GST
  • Date: 24-12-2022
  • Writers: CA Mahadev R, CA Yash Shah, K.S Ravi Shankar

Clause by clause analysis of other disclosures in Annual Returns - GST Audit Series (Part 6)

  • Category: GST
  • Date: 22-12-2022
  • Writers: CA Mahadev R, CA Ravi Kumar Somani , CA Yash Shah

Clause by clause analysis of Input Tax Credit disclosures in Annual Returns - GST Audit Series (Part 5)

  • Category: GST
  • Date: 21-12-2022
  • Writers: CA Mahadev R, CA Ravi Kumar Somani , CA Yash Shah

Clause by clause analysis of Revenue items & outward supply disclosures in Annual Returns - GST Audit Series (Part 4)

  • Category: GST
  • Date: 06-12-2022
  • Writers: CA Mahadev R, CA Ravi Kumar Somani , CA Yash Shah

Implication of "Discounts" under GST

  • Category: Research & Innovation
  • Date: 05-12-2022
  • Writer: H&A LLP Research Team

Key Amendments in Financial Year 2021-22 relevant for GST Audit - GST Audit Series (Part 3)

  • Category: GST
  • Date: 01-12-2022
  • Writers: CA Mahadev R, CA Ravi Kumar Somani , CA Yash Shah

Real Estate Valuation-Claiming of Actual Land value as Deducion under GST

  • Category: GST
  • Date: 26-11-2022
  • Writer: H&A LLP Research Team

In-depth Audit Programme & Checklist for conducting GST Audit - GST Audit Series (Part 2)

  • Category: GST
  • Date: 24-11-2022
  • Writers: CA Mahadev R, CA Ravi Kumar Somani , CA Yash Shah