GST Audit and Annual Return Manual provides guidance on verification of the completeness and authenticity, both technically and logically, of Input Tax Credit by Companies and Auditors.
Key Features: Includes checklist for Input Tax Credit health check
Clarifies position on availing of Input Tax Credit in disputed issues including CSR, work contract, Motor vehicle
Examines Input Tax Credit in relation to Gift and Business promotion
Contains checklists to ensure compliance with provisions related to Input Tax Credit
Blocked credit
Job work
Input Service Distributor
Reversal of common ITC
Provides clarity on
True and Correct View v/s True and fair view for the Auditor
Ambiguity on adoption of accounts of Statutory auditor/ other auditor under any other law or Separate Auditor for GST audit of accounts
GST Audit state-wise vis-a-vis PAN India
Annual Returns linked with other returns
Auditor’s position in case of various kind of mismatch between GSTR – 2A & GSTR – 3B
Highlights
Analysis of the relevance of September return
Highlights the role of CA/ICWA in GST Audit
Enumerates Key Actions Points in case of mismatch
Examines applicability of rate of interest under various kinds of defaults
Discusses advance ruling including the impact of 2018 Amendments
Includes checklists for the Auditors
Provides section-wise analysis of GSTR-9C with practical Illustrations
