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Clarification on GST Audit for FY 19-20

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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

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