GST DAILY – 156

GST Audit Checklist for General -17 👉Whether the registered person has complied with Anti-Profiteering clause? 👉Whether reliance is placed on any notifications/clarifications / advance ruling / judgement in respect of rate of tax charged and collected. Whether  any conflicting Advance Ruling order is applicable? 👉 Are there any department inspection proceedings for Transitional Credits or […]

GST DAILY – 155

GST Audit Checklist for Maintenance of Books of Accounts – 16 👉Whether books of accounts are maintained as specified in section 35 r/w Rules 56, 57 and 58 of the GST Law? 👉Whether books of accounts are maintained at each place of business? 👉Whether books of accounts are maintained Manually or Electronically? If the same […]

GST DAILY – 154

GST Audit Checklist for Inward supply – 15 👉 Have you checked purchase invoice/ delivery challans with purchase register? 👉 Have you checked the HSN Classification for inward supplies? 👉 Have you checked Inward supply with the Monthly returns? 👉 Have you checked whether any input tax is added to the cost of purchase where […]

GST DAILY – 151

GST Audit Checklist for Refund – 14 👉 Whether the Supplier is eligible for Refund as per section 54? 👉Whether the supplier has applied for Refund and whether it is sanctioned? 👉Whetherany Refund is Rejected or pending before the Authority? 👉 Whether the Refund is Re-credited to Electronic Credit Ledger? 👉 Whether the Manual/Electronic documents […]

GST DAILY – 150

Stay Yourself  Updated  on GST GST Audit Checklist for Reverse Charge – 13 👉 Whether Reverse charge tax on notified supplies under section 9(3) and 9(5) of the CGST Act 2017 is duly paid? 👉 Whether in the case of Real estate developer taxpayer Section 9(4) of the CGST Act 2017 has been complied? 👉 […]

GST DAILY – 149

Stay Yourself  Updated  on GST GST Audit Checklist for Place of supply –  12 👉 Whether the supply is inter-State/Intra State has been identified based on the policy document of the entity? 👉 Whether the conditions for inter-State & intra-State supply are fulfilled as per IGST Act, 2017? 👉 Whether the conditions for export of […]

GST DAILY – 146

Stay Yourself  Updated  on GST GST Audit Checklist for Value of Supply – 11 👉Whether all the inclusions to the value of supply as per section 15 of the Act have been verified? 👉Whether discount offered to customers (pre/post supply) is not included in the value of supply after fulfillment of conditions under section 15(3) […]

GST DAILY – 145

Stay Yourself  Updated  on GST GST Audit Checklist for GST collections and payment verification – 10 👉 Have you checked whether tax payable is paid within the prescribed time as per GST law? 👉 Have you checked  whether tax is being collected beyond tax payable? If yes, whether Sec. 76 is compiled. 👉 Confirm whether […]

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