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Cancellation order of GST Registration in the case of M/s Versatile Construction set aside by High Court in the light of Removal of Difficulty Order No. 01/2020 dated 25.06.2020.

    

Cancellation order of GST Registration in the case of M/s Cubicon Building Service Pvt Ltd set aside by High Court in the light of Removal of Difficulty Order No. 01/2020 dated 25.06.2020

    

Cancellation order of GST Registration in the case of M/s Vrishank Advertising set aside by High Court in the light of Removal of Difficulty Order No. 01/2020 dated 25.06.2020.

    

Maharashtra Advance Ruling Authority rejected application for classification of product which is not yet manufactured by the applicant.

    

GSTR-4 due date for FY 2019-2020?

    

Providing legal, medical and financial support to the women survivors of sexual and other violence does not amount to Supply of Service under GST

    

Supply of services by Indian branch of foreign company to the Indian recipient is not import of service under IGST Act : Says AAR

    

Expats salary paid by foriegn entity and booked in project office established in India as per indian laws are not liable to GST : Says AAR

    

Govt moves to Supreme Court in the case of Bharti Airtel Rs. 923 Crores GST refund.

    

Resolution Professional (RP) appointed as liquidator by NCLT is required to take registration under GST and discharge libility of GST on sale of assets of corporate debtor.

    
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Finance Bill

ICAI recently proposed the most awaited GST Audit Forms format i.e. Form GSTR-9C and Form GSTR-9D to the Ministry of Finance vide its letter No. IDTC/Letter/2018-19/13 dated 29.05.2018. ICAI has also requested the Ministry to finalise and publish the Audit Report format at the earliest providing the taxpayers and professionals adequate time for understanding the same. The important aspect of proposed forms are that ICAI proposed two versions of Audit Forms. One is for the taxpayer having turnover upto 10 crores and other is for taxpayer having turnover 10 crores and above.

The letter reads as under :-

IDTC/Letter/2018-19/13
May 29, 2018

Sub: GST Audit Report and Statement of Particulars

Greetings!

In continuation to the letter no. IDTC/Letter/2018-19/09 dated 9th May, 2018, we are pleased to enclose the GST Audit Report (Form 9C) and Statement of Particulars (Form GSTR 9D) to be furnished alongwith the Report. These forms have been drafted keep in in mind the aspects of being simple, transparent, easy to comply, to bring awareness among the tax payers and at the same time protect the revenue for the Government. Further, we are submitting two versions of the Statement of Particulars, one is for the tax payer having turnover upto 10 crores; and other is for tax payer having turnover 10 crores and above.

The Institute has developed the aforesaid “GST Audit Formats” for the period ended on 31st March, 2018. We will provide a more comprehensive Form with additional compliances by the Assessee having turnover beyond Rs. 10 crores for the financial year 2018-19.

Sir, the draft Forms captures the information pertaining to the nature of transactions, turnovers and taxes which will provide the Government with an insight into the business practices adopted by the trade and industry, The said audit report read together with the annual return filed by the trade and industry should reflect a true and correct state of affairs of the business entities thus meeting the motto of ease of doing business and ease to comply with the GST provisions, It will not be out of place to mention, that several members of the profession have populated live data into these Forms and feedback has been received that Draft formats are not complex, considering the details that are required to be maintained / furnished under the GST Laws.

Considering this as first year of Audit, it is requested that the Audit Report may be finalised and published at the earliest providing the taxpayers and professionals adequate time for understanding the Audit Format and compliance of the same.

We would also like to inform your goodself that recently, ICAI has also drafted the Certificates to be issued by Professionals as well as the Annual Return Form 9/9A/9B for the Goods and Services Tax Network (GSTN).

We shall be glad to provide any further inputs as may be required and your office in case of any information may reach us at idtc@icai.in or 0120-3045954.

With warm regards,

Yours sincerely,
 


Download Complete Letter and Form GSTR-9C and GSTR-9D


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Published by

TaxReply

on Jun 4, 2018

Comments


PL. SEND ME PDF VERSION OF FORM 9C
By: Cma Anil Kumar Jain | Dt: Jul 3, 2018
for knowledge and follow-up
By: Jagdish Gajjar | Dt: Jul 23, 2018


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