The government’s decision to do away with mandatory goods and services tax (GST) annual audit requirements will help at least 10 million firms save audit fee worth about ₹30,000 crore annually, ...

The Central Board of Indirect Taxes and Customs has published the GST Audit Manual which provides the list of documents required to conduct audit, timelines for audit and other standard formats. The ...

GST audits commenced earlier this year and are being seen by the tax authority as an effective tool for ensuring the quality of the tax returns filed but it also does not want any overreach by ...

The CBIC has asked GST officers conducting audit to refer to the board those cases where they face issues of conflicting interpretation of provisions of the tax law. In an instruction to field offices ...

The fate of the Indian online skill-gaming industry is likely to be decided at the upcoming 50th GST Council meeting on July 11. In a move that is expected to help businesses as well as reduce ...

Insurance companies may soon face goods and services tax (GST) audits as tax authorities plan a “deep dive” into their business practices to check for the possibility of a raft of tax-linked ...

Besides, taxpayers with a turnover of over Rs 5 crore have to submit a reconciliation statement in form GSTR-9C. This statement was required to be certified after an audit by a chartered accountant.

Ahmedabad: The Comptroller and Auditor General (CAG) flagged inefficiencies in Gujarat's Goods and Services Tax (GST) administration, citing delays in refund processing, oversight gaps in return ...