The book has been written with a perspective to enable the taxpayers to ensure compliance with GST audits. It provides comprehensive guidance for conducting different types of GST audits. It includes provisions of key auditing and accounting standards relevant to GST and practical tables giving step by step approach with internal control questionaires, checklists, review program and reconciliation statement for filing annual return and audit certification in form GSTR-9C. Eight key reconciliation statements for ITC, outward supplies etc. have been provided for the use of tax payers.
The book is a ready reckoner on all important aspects of the Annual Return (GSTR-9 and GSTR-9A) and GST Audit (GSTR-9C) equally useful for the GST professionals and businesses. Step by step discussion on these forms in lucid language makes their understanding very clear. 150 FAQs on Annual Return and Audit clarifies the most of doubt which could arise with users. Avoidance of common errors highlighted in the book could ensure that the Annual Return and Annual Audit compliance are done immaculately. Last but not the least, the use of technology in preparation of the forms gives guidance as to manner in which entire process of forms preparation can be automated.
This book is a reference material for the tax payers, tax practitioners, and tax administrators to identify the applicable rate of tax on the goods and services under GST. This book has four parts.
This book on GST contains exhaustive commentary on the subject and contains discussion on issues and solutions. It is useful to tax payers and officers and is a good reference book for professionals. Recommendations on law, administration, procedures and policy have been made with a commitment to ensure simplicity, certainty, clarity and transparency in GST law by providing sufficient inputs to the law and policy makers. It also serves as a research material for students and avid readers. In sum, it contains all that one should know about GST as it stands now.
Though the GST is new form of taxation in India, many provisions of GST are taken from various existing taxation laws. Classification of goods and services has gained greater importance in GST on account of multiple rates. The book explains why classification is so important, various principles of classification, how to correctly classify the goods and services, what are the settled legal precedents on classification etc. The books also explains the various exemptions available und GST law, how to meet the conditions of exemptions and avail the benefits etc. Further, the book also contains the following Appendices incorporating the changes made till end of November 2017:
Introduction of Goods and Services Tax (GST) is perceived as the biggest tax reform of independent India. GST would subsume many indirect tax laws enacted by the Union and States. With the dynamic developments around GST, the present Government is keen to roll out GST from 1st April 2017. This Edition provides an insight into the concept of GST and its impact on trade and industry. It serves as a guide to tax payers and prepares them for smooth transition from present regime. The book extensively discusses the Model GST Law released by the Government and draft rules and business processes. Recommendations on law, administration, procedures and policy have been made with a commitment to ensure simplicity, certainty, clarity and transparency in GST law by providing sufficient inputs to the Law and policy makers.
This book on GST provides an insight into the concept of GST and its impact on trade and industry. It serves as a guide to tax payers and prepares them for smooth transition from present regime. It is a good reference book for professionals who either practice or intend to practice indirect taxes. The industry would get an idea of the way GST would unfold and for specific transactions (works contract, hire purchase, etc), the possible alternatives.
Recommendations on law, administration, procedures and policy have been made with a commitment to ensure simplicity, certainty, clarity and transparency in GST law by providing sufficient inputs to the law and policy makers. It also serves as a research material for students and avoid readers. In sum, it contains all that one should know about GST as it stands now.
The Student's hand Book on Indirect Taxation for IPCC covers all the aspects dealt in the study material of the Institute of Chartered Accountants of India.
The Student's hand Book on Indirect Taxation for IPCC seeks to arouse the curiosity in the subject and enable the student to get conceptual clarity. The examples would also be practical in nature, which would bring in the vital component of applicability of learning in real life situations. Wherever possible the examples have been based on the decisions of the courts. The Student's Hand Book also provides a few tips in the appendix of each chapter for the student to do his/ her work in respective offices where exposed to IDT. While the main objective of the book is to prepare for and excel in this subject, the basic understanding of the tax laws in this regard is also proposed to be in incidental gain.
This book is an attempt to introduce the law and procedure of service tax as they stand today in simple way to make reading easy. All items in declared services, negative list and exemptions have been discussed in easily readable/understandable format. Practical issues which authors have come across have also been added as common issues with their views.
As service tax follws central excise and is increasingly becoming procedural in nature, an attempt to provide-how to do? In various segments have provided some answers. For the consultant, the checklist for ST-3, service tax review audit program, listing of classification with tips will be useful.
The book is simple yet comprehensive book on excise written in layman's language having reference to the important case laws on the subject without getting into elaborate legal tangles. Special efforts have been put based on experience of authors and previous departmental clarifications to suggest appropriate procedures where there exist none to alleviate the problems of the assessee.
Every efforts has been made to incorporate all the important case laws to provide a one place reference all relevant case laws. At the same time, efforts have been made to give a complete step by step procedure with circular reference and authors? note so that the reader gets a full view of the said procedure at one place. Procedures have been recommended where there exist none keeping in mind the legal framework. Guidelines to fill formats have been provided. What we deem a special effort is the attempt to flow chart complicated provisions of law/procedure and present it in an easily understandable form.
The book has been written covering important concepts, case laws and possible dispute areas along with resolution under Central Sales Tax Act. The movement of goods on stock transfer basis, subsequent sale, sale in course of import and export are a few of the important areas where tax planning and savings are possible. The student who wishes to understand sales tax could use this as a ready reference. This book contains practical tips for common issue faced by practitioners in this area as well. The probable impact of GST laws on concepts discussed is touched on in most chapters. The book is available in online version.
The book gives a in depth view on the various terms such as manufacture, levy, liability etc., with the elaborate commentary of the authors. It also provides the updated Excise rules and with the relevant case laws for the particular terms such as input, input service, capital goods etc., For the better understanding of the book, Central Excise Act 1944 has also been provided.
This book contains an overview of service tax initially which would provide the reader with a bird eye view of service tax. Advices to go through the same proceedings onto the subsequent chapters. This book also contains some of the important procedures which would be useful to the assessee in complying to the legal provisions of the service tax.
The expanding coverage of many activities as taxable services from the view point that what is not liable under the erstwhile sales tax could possibly covered under service tax being implemented appears to to be flawed and is leading to a number of entries to be found to be non est in law.the purpose of this book is that service providers can understand the present legal framework within which they work by referring to the specific area of their concern.
The book has been written by authors to address the complexities involved in the VAT Audit in Karnataka Value Added Tax. The detailed procedure as to how the audit should be done. Also, all the provision of law and their practical application has been discussed in lucid language for the professionals. The book is updated containing the provisions upto year 2009.
The book is not only a conventional book on auditing but also has approached the subject of excise audit and service tax audit from the legal standpoint apart from procedure and techniques of audit. A separate section of the book contains asset of appendices that gives a relevant abstract from statues, reference material and instructions issued by the CBEC, which have been reported in the journal ELT and STR. An effort has been made to bring as much relevant information and reference material as possible to reference to excise audit and service tax audit.
In this book the author has made an attempt to provide the discussion on Karnataka Value Added Tax law in a simple manner. The procedures most of them recommendatory haven suggested keeping in mind the objective of the law to safeguard the revenue at the same time to avoid unnecessary paperwork. Illustrations of the concepts of the methodology of VAT itself as well as the input credits.
This book made an attempt to introduce the law and procedure of excise in the first chapter devoid of the sections/ Rules Circulars/ Trade Notices and analytical studies. For the interested an explanatory section has been included providing the main judicial decisions / definitions as may be required. The topics / subjects of interest to the industry has been elicited from many traders, manufacturers, exporters and the trade associations.
The book is not only a conventional book on auditing but has approached the subject of excise audit from the legal standpoint apart from procedure and techniques of audit. A separate section of the book contains asset of appendices that gives a relevant abstract from statues, reference material and instructions issued by the CBEC, which have been reported in the journal ELT. An effort has been made to bring as much relevant information and reference material as possible to reference to excise audit.
It is indeed a book on MODVAT which put before the readers, whether professionals, industrialists or judges, not only the law in easy readable manner but also the entire amount of procedures with a practical tips on how to actually handle individual procedure on, MODVAT. Presentation of the commentary predominantly in table form which enhances utility and readability of the user. Presents currently applicable case laws in a gist in tabular form.