ANALYSIS OF FINANCIAL STATEMENTS FROM GST AUDIT PERSPECTIVE – IN A UNIQUE WAY
As we all know that currently Department is working on many Business/Departmental Audits for
Various Previous Financial Years. And we all know this fact that Financial Statements are plying a
very important role in GST Audit. Rather one can say that GST Audit Must be started with the
Analysis of Audited Financial Statements so that Departmental Authorities can easily identify the
nature of Industry, Transactions Involved in that industry and one can easily identify the financial
Parameter of that industry. With that objective we are coming with an live course on Analysis of
Financial Statements Specially for GST Officers and Staff. In this Live Course we are going to cover
the Following Aspects of Analysis :
- Comprehensive Analysis of Nature of Industry : In this Segment will first Start our discussion
from the Analysis of the Nature of the industry through the observation of Financial
Statements. This segment is very important and crucial for Initiating the Business Audit in a
effective Way. This will help us in understanding the industry in a effective way so that we
can find out the way to Initiate the Audit in Required Manner.
- Analysis of Profit and Loss Account : In this Segment we are going to discuss about the
complete Analysis of Profit and Loss Account with Respect to GST Provisions. This Segment
will give you an specific learning about the Analytics of Each and Every Term of Profit and
Loss Account. Will also share multiple techniques about Checking the Applicability of Various
GST Provisions on each and every term of financial Statements.
- Analysis of Balance Sheet : Through the Analysis of Balance Sheet we can check Multiple
things of about of compliances and Reconciliation of the Industry. In this Segment will
specially Discuss About complete item wise analysis of Balance Sheet from GST Audit
Perspective. Will share certain practical Techniques as well for your Practical Implication.
- Analysis of Tax Audit Report : As we all know that the tax audit report is the comprehensive
Report of All the Transactions of the Entity. Many Time While Conducting the GST Audit,
Departmental Authorities are skip certain important issues from Tax Audit Report. In this
Segment will Discuss About the Complete Analytical Techniques of Tax Audit Report From
GST Audit Perspective.
- Techniques to Find out Revenue Leakages : In this Segment will Discuss About certain
Techniques through that Departmental Authority can Identify Revenue Leakages from GST
Perspective. Will Also Discuss about certain techniques to Identify The Paper Transactions
Through the Analysis of Financial Statements. We can say that this segment will be heart of
CA Sachin Jain is a practicing chartered accountant and partner at M/S JAIKUMAR JAIN & COMPANY, a leading ca firm in Rajasthan. He is a young and dynamic chartered accountant with unique and innovative thinking. He has vast experience in the field of Indirect Taxation, Auditing, and Commercial Laws etc. He is an advocate and company secretary also. He has trained more than 20,000 professionals across India. He has written many articles on GST, concurrent Audit, MCA Compliances etc. He has authored the book "71 Important Decisions under GST", 'Simplified GST Guide'.
Terms and Conditions:
- The validity of the Recorded Session : 1 month with unlimited views