GST Audit by tax authorities u/s 65 of the CGST Act, 2017 - Meaning, Definition, Purpose, Scope, Legal authority, Powers of Officers, Timelines and process after completion of audit. 1. What is the meaning of Audit? Audit’ implies – Detailed examination of i. Records,...
Special Audit under section 66 of CGST Act, 2017 read with rule 102 of CGST Rules, 2017, Power to summon person to give evidence and produce documents under section 70 of CGST Act 2017 & Access to business premises under section 71 of CGST Act 2017. 1. In what circumstances, Spec...
Basis Audit by Tax Authorities Special Audit Applicable SectionSection 65 Section 65 Applicable Rule Rule 101 Rule 102 Other Applicable SectionsSection 70 & 71 to give evidence or to produce a document or any other thing. Section 73 & 74 ...
Departmental Auditor would be looking forward to these Documents, Returns and things while doing audit. 1. List the documents required for Audit? Following are the documents which a tax authority can seek while audit by them: I. Financial statements 1. Balance Sheet 2. Prof...
What is meant by Equality before law? As per Article 14, The State shall not deny to any person equality before the law or the equal protection of the laws within the territory of India. 2. What is the Special provision with respect to goods and services tax? Article 246A, Special pr...
Departmental Auditor would be looking forward to these things while Scrutiny of Financial Statements during audit.I. Scrutiny of Financial Statements 1) Director’s Report: - This gives information like overall financial results of the company, important happenings during the year an...
