Before the refund is sanctioned, a pre-audit process will be carried out if the person requested exceeds the predefined reimbursement amount. Refunds will be electronically credited to applicants' accounts by NEFT, RTGS, or ECS. At the end of each quarter, people can submit their claims for re...
Impact of Cost Inflation Index After Amendment Made By Finance Act, 2024 Jan 04, 2025 GST AUDIT U/S 65- PROCEDURE AND PRECAUTIONS Dec 27, 2024 GST Registration- Latest Changes and Issues Involved With Case Laws Dec 27, 2024 Rectification of Mistake - An Analysis of Section 154 of I.T. ...
TDS refers to the tax that is deducted by a buyer, such as a government department when making payments for goods or services under a business contract. This ensures that tax is collected at the source of payment. On the other hand, TCS involves the tax collected by the seller at the ...
Validate HSN/SAC codes, verify GSTIN, and ensure error-free, audit-ready submissions before deadlines. List of documents needed Certificate of Incorporation PAN card of Company Articles of Association, AOA View all documents “Smooth GST application, credit to supportive Santhoshi Poonam ma'am—const...
Explanation of SQC-1 on Audit Partner Rotation for Engagements Exceeding 7 Years with the Same Client The Standard on Quality Control (SQC) 1, issued by the Institute of Chartered Accountants of India (ICAI), outlines a robust framework for ensuring audit quality and independence. One of its ...
Report of the Comptroller and Auditor General of India https://cag.gov.in/uploads/download_audit_report/2019/Report_No_11_of_2019_Compliance_Audit_of_Union_Government_Department_of_Revenue_Indirect_Taxes_Goods_and_Services_Tax.pdf Chand, P., Thakkar, J. J., & Ghosh, K. K. (2018). ...
-Framework for Monitoring and Supervision of System Audit of Stock Brokers (SBs) through Technology based Measures. January 31, 2025 GST -Information received from Ministry of Civil Aviation (MoCA) with respect to Gazette notification No. 08/2024 - Integrated Tax (Rate) dated 08.10.2024 notified...
User Dashboard Based on GUI (Graphical User Interface): The interface, among other things, will provide the summary UDIN data for many categories, including Certificates created by a member since member registration on the UDIN portal, GST and Tax Audit, and Audit and assurance. To keep track...
Audit Trail and Compliance Reporting:It is possible to do a thorough audit of financial activities with the help of IRNs. Using their reference numbers, businesses can easily find out where an invoice came from and when it was sent. This makes compliance reporting, audit planning, and regulator...
These systems are assigned to manage functions related to tax administration, including registration assessment, approval, adjudication, and audit. Despite all such initiatives and steps, there are so many issues and loopholes in implementation. The GST Council has started the GST helpdesk and other ...