Skip to main content

Clarification on GST Audit for FY 19-20

By
Central Board of Indirect Tax and Customs (CBIC) clarified that the Goods and Service Tax (GST) Audit will be applicable for Financial Year 2019-20. 

"Please note Section 35 and 44 of CGST Act are proposed to be amended in Finance Bill 2021. However, these proposals will come into effect from a date to be notified later. For FY 2019-20, the existing provisions shall continue," the CBIC clarified.

--
CA Yashu Goel
9899263490
M/s N.K. Goel & Bros.
Chartered Accountants

Comments

  1. Ananya Mishra8:31 pm, June 25, 2021

    GST Audit , as defined by GST law, is the inspection of a registered person's records, returns, and other documentation to verify the accuracy of the turnover reported, taxes paid, refund received, and ITC claimed, as well as his compliance with the provisions of the GST Acts and laws. Please contact us at +91 8929218091.

    ReplyDelete

Post a Comment

Popular posts from this blog

CBDT Instruction No 5/2014 dated 10.07.2014

By
Dear Members,   The Hon'ble CBDT has issued Instruction No 5/2014 dated  10.07.2014 , by which the monetary limits for filing appeals to ITAT / HIGH COURT / SUPREME COURT have been revised.   The New limits are:                                  Tax effect Appeal before ITAT                                Rs.  4,00,000/- High Court                                               Rs. 10,00,000/- Supreme Court                                        Rs. 25,00,000/-   Copy of Instruction is attached for your information.
Post a Comment
Read more

DVAT UPDATE + INCOME TAX UPDATE

By
Respected Members, Greetings for the day, This is for your information please: 1. Due date for E-filing DP-1 Form extended to 31.3.16 Notn. No. 1559 dt. 1.3.16. 2. Due date for E-filing CST Form-9 extended to 31.3.16 Cir. No. 39 dt. 29.2.16.  3. Due date for E-filing of CR-II for 1 to 3 Qtrs., 15-16 extended to 15.3.16 Notn. No. 1572 dt. 1.3.16.  4. Now Digital Signatures shall be Mandatory for filing DVAT returns w.e.f. 4th Qtr.,15-16 for dealers having turnover above 50 lakhs Notn. No. 1585 dt. 1.3.16. CA YASHU GOEL 9899263490 VICE PRESIDENT SALES TAX BAR ASSOCIATION
Post a Comment
Read more

Reversal of Input Tax credit in respect of Credit/ Debit Note

By
The VAT department, Delhi has clarified its stand on the reversal of input tax credit in respect of credit/ Debit Note vide circular no.30 dated 19/12/2013
Post a Comment
Read more