NEW DELHI:
Taxmann – a leading In-Print & Online publisher of Tax and Corporate Law, has launched a book, GST Audit & Annual Return. On GST Audit, the book offers a detailed clause-wise analysis, the process for various reconciliations in GSTR 9C, explanations via practical examples, action to be taken for each clause, important checkpoints while undertaking GST audit and elaboration using screenshots of GSTR 9C in the question-answer format.
On the GST Annual Return (AR), the book discusses each table of the AR forms GSTR 9 and GSTR 9A, capturing possible practical scenarios, offering explanations in tabular format and inter-links with GSTR 1, 3B, 4, ITC forms, etc. Important points for filing ARs are highlighted with explanations using screenshots of GSTR 9 and 9A in the Q& A format.
Asserted Ansh Bhargava, Director – Taxmann.com: “Our editorial team has produced a handy volume on GST Audit & Annual Return. AR and audit forms have been duly notified by the CBIC, which needs to be filled by 31 December. The book provides a comprehensive understanding of GST and helps in decoding annual forms, making them easy to populate. It can be purchased online from the Taxmann Bookstore.”
Taxmann has always stayed a step ahead in guiding trade, industries and consultants such as CAs, CSs, CWAs, Advocates, Departmental Officers and other stakeholders. Though GST is a well-known subject, time constraints hamper a swift understanding on GST Audit and AR for stakeholders, hence the book.
For each tax period during FY 2017-18, taxpayers have self-assessed themselves under the provisions of law and duly filed their regular returns such as GSTR 1 and discharged liability in GSTR 3B by availing and utilizing input tax credit. Since financials for FY2017-18 need to be frozen, GST law demands ARs be filed in GSTR 9 (for Composition Taxpayer in GSTR 9A) by 31 December 2018. Taxpayers with an aggregate turnover exceeding INR 2 crore at entity level need to get themselves audited from a CA/CWA. The GST Audit report has to be submitted by the auditor in GSTR 9C by 31 December.
