GST Assessments,Scrutiny(Old and new norm),Departmental Audit

GST Assessments

• Self-Assessment: An explanation of how taxpayers assess their own taxes and determine the tax liability.
• Provisional Assessment: Discussion of situations where normal tax liability cannot be determined. Explanation of the application process, security provision, and finalization of provisional assessments.
• Scrutiny of Returns: Elaboration on the systematic analysis of returns after filing, the process involved, and the response to discrepancies. Both old and new instructions would be covered.
• Assessment of Non-Filers: Examination of the procedure when a registered person fails to furnish a return.
• Assessment of Unregistered Persons: Explanation of the assessment procedure for unregistered persons identified as liable for tax.

Scrutiny under GST (Old and New Norm)

• Concept and Process of Scrutiny: Thorough discussion of the initial system of scrutiny, including how returns were examined for accuracy and why.
• Analysis of Old Scrutiny Norms: Detailed analysis of the procedure under the old norms and how to handle notices and discrepancies.

Scrutiny under GST (New Norm)

• Overview of New Scrutiny Norms: Explanation of the changes in scrutiny norms and how they affect the filing and examining process. Discussion on how to ensure compliance under the new norms.
• Impact on Tax Professionals: Detailed discussion on how these changes will affect the roles and responsibilities of tax professionals.

Departmental Audit

• Audit under GST: Definition of audit under GST, persons required to get their accounts audited, and the criteria for audit.
• Audit by Tax Authorities: Discussion on how and when tax authorities conduct an audit, the audit process, and the rights and responsibilities of the auditee.

Benefits for Indian Tax Professionals

• Enhanced understanding of GST Assessments and Scrutiny: This will empower them to assist their clients more effectively in navigating these processes.
• Update on old and new scrutiny norms: This will enable them to adapt to the changing landscape of GST norms and regulations.
• In-depth knowledge of Departmental Audit: This will prepare them to assist and represent their clients during audits.
• Case studies: Real-world examples will provide practical insights and better understanding of the topics discussed.
• Skills Development: Improve their analytical skills and knowledge in dealing with GST related matters, thereby increasing their value and marketability in the field.
• Compliance: Understand how to ensure the compliance of their clients or their organizations with the GST norms and regulations.
• Networking:Opportunity to interact with other professionals and experts in the field, exchange ideas, and expand their professional network.