Articles by CA Yash Shah

Various Important Reconciliations under GST Annual Returns - Part 8

CA Yash Shah 28 December 2022 at 12:50

In any accounting system, there is a need to see that all transactions are accounted completely, accurately and in a timely manner. Under GST, the need to capture the transactions which constitute a "supply" and exclude those which are not supply, is an added requirement.

Posted in GST | 2 comments | 5757 Views

50 Important Practical FAQs on GST Annual Returns - Part 7

CA Yash Shah 26 December 2022 at 11:00

50 Important Practical FAQs on GST Annual Returns

Posted in GST | 8790 Views

Clause by clause analysis of other disclosures in Annual Returns - Part 6

CA Yash Shah 22 December 2022 at 12:01

Today's technologically advanced times are posing more challenges for the audit disclosures that need to be made through the Annual Returns.

Posted in GST | 5094 Views

Clause by clause analysis of ITC disclosures in Annual Returns - Part 5

CA Yash Shah 19 December 2022 at 09:00

The key foundation based on which the GST law is structured is that the tax is to be levied and collected only on the value-added portion. In India, we have a method by which the tax suffered at an earlier point of time is allowed to be reduced from the tax payable on the subsequent supplies made.

Posted in GST | 6978 Views

Clause by clause analysis of Revenue items & outward supply disclosures in Annual Returns - Part 4

CA Yash Shah 09 December 2022 at 08:58

Filing of the annual return is not entirely a new phenomenon for taxpayers who were required to file annual return and submit reconciliation certificate by the specified persons including Chartered Accountant under the State VAT laws.

Posted in GST | 1 comments | 6366 Views

Special Valuation Branch (SVB) under Customs - Valuation for Goods imported from Related Parties

CA Yash Shah 08 December 2022 at 08:49

Special Valuation Branch is a special unit of the Customs department which is specializing in investigating the transactions which are entered into by importer based out in India and a supplier based in foreign country who have relationship like joint ventures, partnerships, holding-subsidiary etc. which could possibly influence the price of the transaction entered.

Posted in Custom | 2751 Views

Key Amendments in FY 2021-22 relevant for GST Audit - Part 3

CA Yash Shah 07 December 2022 at 08:40

As we mark end of the financial year 2021-22 with respect to GST laws as next month we all would filing GST Annual returns normally called GSTR 9 & GSTR 9C wherever applicable, before filing the annual return it is very important to consider the major amendments that have been brought in Financial year 2021-22

Posted in GST | 1 comments | 8214 Views

In-depth Audit Programme & Checklist for conducting GST Audit - Part 2

CA Yash Shah 06 December 2022 at 08:54

Introduction:An audit programme can be understood as written guidelines which can also mean an action plan which contains the broad details of work to be done b..

Posted in GST | 8466 Views

Checklist of Accounts, Records & Documents to be maintained from GST Audit Perspective - Part 1

CA Yash Shah 05 December 2022 at 08:44

In any tax law, there would be an enhanced focus on the various accounts, records, and documents to be maintained so that there exists an appropriate trail of transactions undertaken by the assessee, which are maintained properly.

Posted in GST | 24276 Views