ICAI issues a Handbook on Compliances of GST in the Banking Sector.
Features of the Handbook is as follows
- It is bought with a view to help members to examine and substantiate GST compliance by banks specially while doing the Bank Branch/ Central Statutory and Concurrent Audit.
- By conducting audits of financial statements of banks, the auditors play a key role in building a resilient banking sector.
- This edition analyze the provisions of the GST law in respect of Income earned by banks, expenses incurred by banks, input tax credit under GST, routine procedural checks, questionnaire for GST Tax Audit of banks etc.
- It will help to develop a safe and sound banking sector supported by quality bank audits.
Click here to download the Handbook
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