company audit report format


Eighteen sectoral group under GST

The Goods and Services Tax GST Council in its 14th meeting held on 18 19 May 2017 approved the constitution of eighteen sectoral groups to ensure smooth roll out of GST The Council has received reports from sixteen out of the eighteen sectoral groups The GST Law Committee comprising of officers of t

No Shortage of Essential Drugs post GST introduction

Minister of State for Road Transport Highways Shipping and Chemicals Fertilizers Shri Mansukh L Mandaviya in a written reply to a question in Rajya Sabha today informed that as per the information received from the All Indian Origin Chemists Distributors Limited AIOCD there is no shortage of essenti

Relevant part of MAT-Ind AS Committee Report

Relevant part of MAT Ind AS Committee Report dated 17th June 2017 containing recommendations regarding amendment to the provisions of the section 115JB of the Income tax Act 1961 in respect of Ind AS Compliant Companies Under Ind AS there are certain transactions with shareholders related parties wh

NRI to submit foreign bank details only in refund cases

Optional reporting of details of one foreign bank account by the non residents in refund cases Refund generated on processing of return of income is currently credited directly to the bank accounts of the tax payers Availability of the detail of bank accounts in which the refund is to be credited is

IT Dept pushes additional cases of High Cash Deposits

Income Tax Department pushes additional cases of High Cash Deposits in Second Phase of Operation Clean Money The Income Tax Department ITD has used information received under the Statement of Financial Transactions SFT to identify 5 56 lakh new persons in the second phase of Operation Clean Money OC

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Gst on rent bill format

Pls issue a bill format of GST on Rent

Rule 3 of companies(cost records & audit) rules,2014

Should a company which is classified under regulated non regulated sector prescribed by Rule 3 of Companies Cost Records and Audit Rules 2014 compulsorily maintain cost records or the criteria of overall turnover or equal to 35 crore should also be simultaneously satisfied for the company to maintai

Tax audit limit

Dear Experts Whats is the Tax audit limit for the Financial year 2016 17 For persons opting for presumptive schemes they can continue to do so upto Rs 2 crores For other persons tax audit is applcable if the revenue exceeds one crores or two crores Kindly clarify

Regarding tax audit for partnership firms

One of my client has a partnership firm started in f y 2016 2017 and have turnover of around 55 lakhs and loss for f y 16 17 around 5 5 lakhs I assume that as per Section 44AD they have to do tax audit for their company Since they suffer from loss But still I have a confusion Do they need to do Tax

Formate for mou

Please provide draft formate of MOU in case of name of Private Limited Company starts with word SPANISH which is name of country


HUF Formation

Can a person form a HUF including one son and his family in the HUF while excluding the other son and his family

Whether tax audit is applicable to partnership firm ??

Hi Friends Whether Tax Audit u s 44AB is applicable in case of Partnership firm where the net income after Interest on capital and remuneration to partners is less than 8 of Gross receipts for AY 2017 18 Kindly reply

invoicing format

what is the exact format of invoicing for metals with IGST CGST SGST under new gst law PLS ADVISE

Highest marks in ca final auditing in may 2017? i got 61.

Hi guys Can you please share your auditing subject marks I just wanted to know the highest marks in Audit for May 2017 CA Final Exam I got 61 marks Share your marks

Holding company accounts

Just wanted a clarification in Holding Company Accounts Suppose X ltd acquires 40 Shares in Y ltd on 1 4 2016 and subsequently on 1 4 2017 X ltd acquires another 20 of shares Now Y ltd for the year 2016 17 declares dividend How much dividend will X ltd account 40 or 60 and why

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  • GSTR 3B Computation

    The file contains GSTR 3B Computation The format is very easy to fill and can be used to collect data from your clients you can provide your Feedback Suggestion on camayur2 gmail com
  • Updated Details Collection Excel for GST Return GSTR-3B

    As everybody is aware the GST Returns for every month needs to be filed by 20th of subsequent month As the regular outward and inward annexures and return GSTR 3 are not yet made available for the months of July and August 2017 a summary return in Form GSTR 3B needs to be filed before 20th of next month An excel sheet for obtaining the details required to fill the GSTR 3B is prepared as the GSTR 3B needs to be prepared and submitted online only as offline utility is not provided yet Basic features of the excel sheet are as follows 1 The details need to be entered in the yellow colored cells only 2 If any incorrect information is entered in the cell the contents of the cells appears in red color Please correct the same to get proper working 3 While entering the details of outward supplies and inward supplies in Table 3 1 select the proper nature of supplies from the drop down wherever it is provided 4 The Integrated Tax Central Tax and State UT Tax is calculated automatically depending on the figures entered under Inter State or Intra State columns and the Rate selected from drop down 5 Cess needs to be entered manually 6 Table 3 2 contains details of state wise inter state supplies to unregistered dealers composition dealers and UIN holders Select the Nature of inter state supplies and state from drop down 7 In Table 3 2 Total taxable value and integrated tax should be less than the taxable inter state supplies and integrated tax shown in Table 3 1 above 8 Details of ITC available ITC reversed and Ineligible ITC needs to be given in Table 4 The description mentioned in yellow cells is given for reference only and can be changed as appropriate in respective case 9 Tax payable in Table 6 1 is auto calculated and arrived by adding the tax payable as per Table 3 1 and deducting the net ITC available and adding ineligible ITC as shown in Table 4 10 The Tax payable figures in Table 6 1 appears in red color if there is net tax payable after adjusting payment through ITC TDS TCS and payment in cash 11 Similarly The Tax payable figures in Table 6 1 appears in red color if interest and late fee payable is greater than the tax paid in cash as the same needs to be paid by cash and can not be paid through ITC 12 The TDS and TCS credit is not applicable at present as the said provisions are not made applicable presently till further instructions
  • Application Format of Reverification

    Application Format of Reverification of exam result
  • GST Invoice

  • GST Invoice Format


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Insight of Documentation under GST - Special Reporting in GSTR 1

It may be noted that in the GSTR 1 return following declarations has to be filed by the supplier has to maintained a consecutive series of all such documents Sr No Nature of document From To Total Number Cancelled Net Issued 1 Invoices for outward supply 2 Invoices for inward supply from unregistere

Innovation in Finance and Audit

Introduction Technology innovation is at the peak around the world and finance audit professionals are finding it difficult to keep pace with these technologies Organizations are implementing the modernization process to manage the huge amount of data theyreceive on day to day basis Data which is ge

Role of Key Audit matters

What are Key Audit Matters Key is that that is vital essential paramount and crucial to study and examine an issue to facilitate to take a right call on the issue Key is also a piece of metal cut into a special shape that is used for opening or closing a lock that is more often than not used by know

Seven Master Strategies to achieve Tremendous Results in IPC Audit

On 1st July 2017 Prime Minister MODI stated In our country only CAs have the Power to certify the accounts of an entity therefore the signature of a Chartered Accountant is more important than the signature of the Prime Minister Almost every CA firm big or small offers this service to its clients he

Draft Format of Tax Invoice under GST

Below is the draft format for tax invoice under Goods Services Tax This format is prepared considering the rule of GST regarding valid tax invoice Please note that this is one kind of tax invoice the design can be adopted and modified according to ones needs Points to note 1 In case of export of goo

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Updated on : 8/13/2017 3:45:24 AM


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