Description
Bloomsbury India Gst Audit Handbook Government Perspective by CA Madhukar N Hiregange and Shri B S V Murthy and CA Roopa Nayak
Key Features
• Includes drafts of letters to tax payers.
• Contains detailed internal evaluation questionnaire.
• Samples of walk through, audit plan, tables for trend and ratio analysis.
• Details of verification work in the office before audit and during audit.
• Covers latest case laws relating to audit and GST issues.
• Contains guidance on 'How to read financial reports?'
• Discussion of relevant Accounting Standards.
About the Book
This book supplements and expands the concepts, guidelines, principles, details and working methods in the GST Audit Manual published by the government wherever it was felt that there is a need.
This book is divided into 12 chapters as follows:
Chapter 1: Overview of GST Law
Chapter 2: Objectives, principles and statutory provisions of department audit
Chapter 3: Selection of taxpayers for audit
Chapter 4: Preliminary work – Before allocation of audit
Chapter 5: Preparation for audit with the help of available and collected data and desk review
Chapter 6: Audit verification – conduct of audit
Chapter 7: Audit report and follow up
Chapter 8: How to Read Financial Reports/Statements
Chapter 9: Relevant Accounting Standards for the purpose of auditors
Chapter 10: Important decisions relevant for audit
Chapter 11: Common errors
Chapter 12: Modus operandi of frauds and detection of GST frauds
About the author
CA Madhukar N Hiregange [B.Com., FCA, DISA, Passed CISA] is a senior partner at Hiregange & Associates having offices in Bangalore, Hyderabad, Vishakapatnam, Mumbai, Pune, Chennai, Guawathi, Noida and Gurugram. He is working in collaboration with firms in Delhi, Mumbai, Pune and Chennai having networked with 50 firms in Kerala, Karnataka & Goa. Has been associated with CAs across India as a mentor.
He has jointly authored 18 books from 1997 on Central Excise, Service Tax, Karnataka VAT and Excise/Service Tax audit. IDT - IPCC Study Material, Central Sales Tax. Further on GST, 10 books - A Primer -2 Editions, GST Classification & Exemption 2017, Compendium of Issues and Solutions in GST – June 2019, GST Audit - July 2019, Abridged Compendium – July 2019, Sectoral books on Real Estate and Textiles.
He has been active in the field of spreading awareness through articles and workshops (physical & online) He contributes to several professional websites like – hiregangeacademy.com., linked in, facebook, youtube, etc.
He was the Chairman of the IDT Committee of ICAI for 4 years and led it in the crucial times of GST implementation. He supported the Government in the Implementation of GST in 2016-19 with the privilege of leading a wonderful & contributing team that gained the respect of the professionals, bureaucrats as well as politicians.
He has been a Managing Trustee of Empower Education Foundation for the past 15 years supported the education of about 1300 lesser privileged students.
Shri BSV Murthy, [B.Sc., LLB, IRS (Retd)], after graduation joined Indian Revenue Service in 1979. During his career, he has been a part of:
– The project steering committee for development of risk management system in Customs,
– The committees set up for considering refund system, staffing in Central Excise etc.;
– The team which developed an audit manual in collaboration with Revenue Canada; \
– The Indian delegation to Sri Lanka and Nepal.
He received the Presidential Award for distinguished service record in the year 2005. During his career, he got exposure to all the areas of indirect taxes and for 7 years from 2008, he served as a member of the Customs, Excise and Service Tax Appellate Tribunal and got retired from services in the year 2015. He continues to be active in the professional consultancy after retirement.
CA Roopa Nayak, B.Com., FCA, is a Partner in an eminent firm having offices in Bangalore, Hyderabad, Vishakapatnam, Mumbai, Pune, Chennai, Guawathi, Noida and Gurugram and currently in charge of the consultancy & retainership divisions therein. She has co-authored several books like A Practical Guide to GST on Real Estate Industry, A Practical Guide to GST on Textile Industry [which is into its 2nd edition], Central Excise Made Simple, Handbook on Central Sales tax, Students Handbook on Indirect taxes, ICAI Background Material [BGM] of Certificate Course on Indirect Taxes of ICAI and also the author of the 2/3 days ST enabler course conducted by ICAI. She is an active speaker in seminars including State Chartered Accountants Assn., ICAI branches chapters, currently working on GST procedures book expected to be out by Feb/March 2021.
She has been advising numerous clients from varied sectors in GST with focus on optimisation of taxes and cost savings. Providing GST compliance services under retainership basis with focus on resolving issues under GST law and procedural aspects. Conducting of GST impact analysis.
She has been actively involved in sharing knowledge through seminars [online and in person] and articles, she has been a regular contributor of articles in past to Peenya Industries Association, Karnataka State Chartered Accountants Assn (KSCAA), Pune ICAI monthly newsletter and Ernakulam monthly newsletters of ICAI, Articles on CA Club, Linked In for past several years.