Description
Bloomsbury India GST Audit Manual for Department by Anil Kumar Gupta and Baljit Singh Khara and Sanjay Malhotra and Anil Sharma
About the Book
This book has been written with the twin goals of making the tax-payers aware about the
compliances required for smooth conduct of GST audit of their business operations as
well as to educate the tax auditors so as to enable them to conduct the audit in a fair,
transparent and impartial way to ensure compliance of GST law as well as to prevent
and plug in the leakage of revenue well in time. The book discusses the practical
aspects which an auditor should concentrate on while doing GST audit and where the
taxpayers need to be more careful and vigilant.
The audit process has been explained from inception i.e. selection of taxpayer and
intimation of conducting GST audit right upto the conclusion of the same.
The knowledge of accounts is pre-requisite for the departmental officers who otherwise
have diverse academic backgrounds. A separate chapter on accounting has been
written not only to acquaint them with the elementary accounting process but also to
provide further authentic resources to those interested in enhancing their accounting
skills. The auditors must perform their duties with utmost sincerity, integrity and
diligence; therefore, guidelines about overall conduct of the auditors have been included
following which they will manifest the best professional ethics.
Key Features
· Analysis of GST Audit Process, Annual Returns (Form GSTR-9), Reconciliation
Statement (GSTR-9C), Assessments under GST.
· Includes GSTAM-2019 issued by CBIC with specific reference to checks to be
undertaken during GST Audit.
· Comprehensive guidance for conducting different types of audits under GST Act.
· Includes practical tables giving Step-by-Step approach with Internal control
questionnaires.
· Detailed discussions on Key Reconciliation Statements including ITC, outward
supplies etc.
· Dedicated chapter on analysis of GST returns, giving itemized compliance requirement
by the taxpayers as well as points for checks by the departmental auditors.
· Explains key auditing and accounting terms relevant to GST.