GST AUDIT FLOW

GST AUDIT FLOW AS PER REQUISITES / IMP POINTS

  • TURNOVER
  • WHO CAN PERFORM OR INITIATE
  • TIME PERIOD FOR COMPLETION
  • ACTIONABLE /FORMS

Professionals as part of GST Audit need to electronically file:

  1. An annual return as per Form GSTR 9B  appended with the reconciliation statement by 31st December – following Financial Year
  2. Audited Financial Statements
  3. Reconciliation statement stating the value of supplies as per the GST Return with the Financial statements like Balance Sheet & Profit & Loss Accounts
  4. Any other particulars as sought

CA, AUDIT, GST, INCOME TAX

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Unlisted companies on black money radar

Startups, unlisted companies on black money radar, probe on 200 entities

New Startups and unlisted auxiliaries of some real Indian organizations and multinationals find themselves in the crosshairs of the income tax department for raising funds through preference shares in excess of what it considers the fair market value.

Startup Registration

The examination arm of the income tax department has sent the notification to around 200 entities under Section 56(2)(vii)(b) of the Income Tax Act, 1961, in August, two individuals with coordinate information of the issue told ET.

In cases where deals have been done at valuations higher than the fair value arrived at by tax authorities, queries have been raised

Startup India

Fair market value is evaluated by the tax department in light of past exchanges and the record of comparable organizations. The Section is frequently connected when it’s presumed that organizations might be issuing shares at a premium over the reasonable incentive for washing unaccounted money.

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Vacancy for Article Trainee

Vacancy for Article Trainee – CA IPCC PASSED CANDIDATES ONLY

CA Articleship Jobs

  • Individuals pursuing CA, looking for three-year internship program
  • Bright Academics and at least 1 group CA IPCC cleared
  • We provide Comprehensive Exposure on Direct & Indirect Taxation – Income Tax, GST, Notice Handling
  • Exposure on Start up & SME, Small & Medium Business – Registration, Audit, Accounting & Tax Planning, 
  • Stipend starts @ 5000 for eligible candidates 

Please connect Uttam /Arpana on 9880052923

Email your profile – [email protected]
Best Chartered Accountants in Bangalore

Visit: www.certicom.in for More Info

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