By L Badri Narayanan & Shweta Walecha After one year of Goods & Services Tax (GST) regime, it is now critical for the taxpayers to start focusing on various GST compliances such as reconciliations, ...

The Orissa High Court has stayed further proceedings arising from a Goods and Services Tax (GST) demand-cum-show cause notice ...

Exemption from Audit for Companies with Turnover up to ₹1 Crore Benefits May Exist, but the Risks Are Far Greater It has been reported that the Ministry of ...

While the GST laws on rates of tax and filing of returns keep changing every alternate day, one important area that has not made its entry into the law book is GST audits. Section 44(5) of the CGST ...

In case of non-cooperative taxpayers or any inherent weakness of the internal control system, officers could shift back to the premises-based audit. New Delhi: GST officers would have to audit and ...

Businesses with an annual turnover of more than Rs 2 crore can now start filing GST audit reports for the financial year 2017-18 as the rules for filing the audit reports have been clarified. The ...

The government’s decision to do away with mandatory goods and services tax (GST) annual audit requirements will help at least 10 million firms save audit fee worth about ₹30,000 crore annually, ...

Accounting rule maker Institute of Chartered Accountants of India (ICAI) has asked the government to bring back the audit and certification provisions relating to Goods and Services Tax (GST) annual ...

The key takeaway is that adjudication by the same officer who conducted the audit violates natural justice and is barred by CBIC’s mandatory separation of ...

For the first time Goods & Services Tax (GST) authorities have started sending notices for audit of assessees to ensure correctness of tax paid and credit claimed. The notices have been sent for the ...