Tds
This query is : Resolved
27 March 2020
Hi
Iam doing audit of a restaurant.how to do it
Iam doing audit of a restaurant.how to do it
28 March 2020
You may start with sales and GST liability then
You can pickup purchases ,ITC
salary ,PF ,Tds on salary
Rent -Tds on rent etc
Just go through Profit and loss and balance sheet ...
Compare the current year figures with previous year,,You can make few observations from this
28 March 2020
The following process might help:
1. Start with the audit programme. Take complete details of the business & the departments to understand their style of business and their sale & purchases.
2. Check all the sales & purchases & direct expenses. You can go for test checking.
3. Make a chart simultaneously to check the slae & purchases reported in GST Returns.
4. Check all the other expenses and check thir proper classification & check whether pre post properly made or not.
5. Ask for all the license fees paid during the period.
6. Compare the details of GST of books of Accounts with GST returns filed by the assessee
1. Start with the audit programme. Take complete details of the business & the departments to understand their style of business and their sale & purchases.
2. Check all the sales & purchases & direct expenses. You can go for test checking.
3. Make a chart simultaneously to check the slae & purchases reported in GST Returns.
4. Check all the other expenses and check thir proper classification & check whether pre post properly made or not.
5. Ask for all the license fees paid during the period.
6. Compare the details of GST of books of Accounts with GST returns filed by the assessee
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- Under construction property in ITR
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Gift of mutual fund units to daughter
- Not able to file ITR
- Building tax payment deduction in rental Income
- Reporting of STCG on Property in ITR
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
