Tax Updates
Legal Requirement of GST Audit A GST Registered person whose turnover is in excess of INR 5 cr in the previous financial year are required to file Form 9C (Reconciliation Statement). From F.Y. 2020-21 onwards, GSTR 9C is to be fill on a self certification basis. The registered person is required to submit following list …
Legal Requirement of Annual Return Section 44(1) of CGST Act: – Every registered person shall fill an annual return for every Financial year. Annual Return to be fill electronically once for each financial year on or before the 31st December following the end of financial year. Form GSTR 9 contain the details of all outward …
Technical Guide on GST Audit by ICAI Section 35(5) of CGST Act state that every registered person whose aggregate turnover during a financial year exceeds two crore rupees shall get his accounts audited. GST Audit for Financial year 2017-18 to be on or before the 30th June 2019 in Form GSTR 9C. To help in …