A Practical Guide to GST Audit and Certification
- Year of Publication: 2020
- Edition: 4th
- ISBN: 9789390176007
- No.of Pages: 978
The fourth edition of this book has been written with a perspective to enable the taxpayers to ensure compliance with the applicable provisions of GST. The vast experience of the four authors in consulting, adjudicating, judging and implementation of indirect taxes would immensely help the professionals implement GST provisions and conduct of audit in an easier way while providing value to their clients/employers.
The book is divided into 5 parts as follows:
Part 1 – Overview of GST law and insights on good accounting practices and professional opportunities from the perspective of GST Audit.
Part 2 – Background of the Annual Returns, role of professionals and a detailed clause by clause analysis with Practical FAQ's for filing the Annual Returns in Form GSTR 9.
Part 3 - Background of the GST Audit, role of professionals and a detailed clause by clause analysis with Practical FAQ's for filing the Reconciliation statement in Form GSTR 9C.
Part 4 – Checklists, Formats,FCQ's, Templates and Practical Methodology of conducting GST Audit [verification of documents/transactions after evaluation of internal control, reconciliations with tips to mitigate demand, common errors to avoid].
Part 5 – Customs Audit, year-end action points for taxpayers, other GST Certifications and Departmental Audit.
Appendices containing the gist of important notifications, guidance notes, standards, forms of audit under GST, and important templates for ready reference of professionals.
Key Features
- Includes practical tables giving Step by Step approach with internal control questionnaires, checklists, templates, good accounting practices, review program and reconciliation statements for:
- Filing annual return with checklist and enabling formats
- Audit certification
- Detailed analysis of reporting comments, remarks and qualifications in Part B of GSTR 9C along with exhaustive list of sample observations and remarks to be reported.
- Detailed discussion on various other key reconciliations including ITC, outward supplies, etc.
- Extensive list of common errors to be avoided in GST while conducting audit.
- Coverage of key reconciliations viz., GSTR 2A to 3B, GSTR 1 to 3B, etc.
- Extensive discussion on professional approach to GST audit using the internal control questionnaire and sample audit program.
- Insights on key year-end activities & relationship between GSTR 1, GSTR 3B & GSTR 9.
- Covering important tools/techniques for optimization of tax, ITC, year-end actions, etc. to avoid future disputes and adding value.
- Visit http://bit.ly/GSTAudit for updates and information.
CA Mahadev.R, [B.Com., FCA] is a partner at multi- locational firm in India. He has been involved in advising clients across different manufacturing and service industries, on various issues under indirect taxes including reviews under GST, for ensuring better compliance.
He has assisted many renowned authors of indirect tax books such as Central Excise Made Simple, Practical guide to Service tax etc. and a co-authored a book on ‘Goods and Service Tax’, published by Himalaya Publishing House, for B.com students. He is also an active contributor of articles to Karnataka State Chartered Accountants Association (KSCAA) journal, GST Law Times, taxguru etc. He has given lectures at C&AG office, Bangalore, ICAI, Hiregange Academy and commerce colleges for faculties.
Shri BSV Murthy, [B.Sc., LLB, IRS (Retd)], after graduation joined Indian Revenue Service in 1979. During his career, he has been a part of:
– The project steering committee for development of risk management system in Customs,
– The committees set up for considering refund system, staffing in Central Excise etc.;
– The team which developed an audit manual in collaboration with Revenue Canada;
– The Indian delegation to Sri Lanka and Nepal.
He received the Presidential award for distinguished service record in the year 2005. During his career, he got exposure to all the areas of indirect taxes and for 7 years from 2008, he served as a member of the Customs, Excise and Service Tax Appellate Tribunal and got retired from services in the year 2015. He continues to be active in the professional consultancy after retirement.
CA Madhukar N Hiregange, having 36+ years of Post Qualification Experience and Founder Partner of H N A Co., LLP (formerly known as Hiregange & Associates LLP), Specialized in Indirect Taxation, Firm located at 15 cities in India with 500+ committed staff. He is a Director of HNA Advisory Services Pvt Ltd.
He has Jointly Authored 36 books in IDT including GST and Contributed 1000+ articles. Regularly contributes on Linked in & Taxsutra. He Has been active in spreading awareness through his articles, videos and workshops on GST and empowerment.
He Contributed to the nation by volunteering to the Central Council of ICAI for 6 past years. Initially contributed to the students’ education and examination. Further from 2011 onwards empowered more than 150,000 CAs to take up Service tax and then GST practice. From Last 2 decades, he is on a mission to create committed professional leaders
and has encouraged 500+ leading professionals in Industry and Practice to take up ethical practice in IDT.
He Involved with Empower Education Foundation- supporting lesser privileged students in 6 schools & Hiregange Academy, a knowledge & employability NPO, which is serving 4500 learners per year to enhance their capability mainly in IDT and Excel skills.
In 2024- 25 planning an online initiative to share what is that which is not taught in schools & colleges in India through The Hiregange Bridge.
Recently started efforts on supporting professionals to energise their careers/ practice. A small booklet was penned- How to flourish in Career & Practice.
He Believes in value-based practice and life.
CA. Ravi Kumar Somani [B.Com., ACA] is a partner at Hiregange & Associates LLP and heads Pune branch of the firm. He has been involved in performing indirect tax reviews across varied sectors and guiding clients on contracts structuring, workable business models, transactional structuring, developing systems and processes for compliance under Indirect Taxes. He has authored a book on Indirect Taxes 'Self study guide to Indirect Taxes', published by Asia Law House. He has also co-authored a book on ‘Practical Guide to GST Audits and Certification’ published by Bloomsbury. He is a faculty at ICAI and has given lectures at various professional forums such as ICAI, Hiregange Academy, NACIN, National Insurance Academy, Mahratta Chamber of Commerce etc. on Service Tax and GST. He is also an active contributor of articles and posts on Linkedin, TaxGuru, GST Law
Times, MCCIA, Newsletter of Pune Branch of ICAI and on other professional forums.
Bloomsbury Professional India brings out quality content on tax, accounting and law for professionals in India. Bloomsbury Professional is part of Bloomsbury, a UK based company with offices in London, Oxford, New York, Sydney and New Delhi. The New Delhi based office of the publisher, have over the past few years of operations in India, brought out several market leading books and aims to be the first choice of professionals.
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- Year of Publication: 2020
- Edition: 4th
- ISBN: 9789390176007
- No.of Pages: 978
The fourth edition of this book has been written with a perspective to enable the taxpayers to ensure compliance with the applicable provisions of GST. The vast experience of the four authors in consulting, adjudicating, judging and implementation of indirect taxes would immensely help the professionals implement GST provisions and conduct of audit in an easier way while providing value to their clients/employers.
The book is divided into 5 parts as follows:
Part 1 – Overview of GST law and insights on good accounting practices and professional opportunities from the perspective of GST Audit.
Part 2 – Background of the Annual Returns, role of professionals and a detailed clause by clause analysis with Practical FAQ's for filing the Annual Returns in Form GSTR 9.
Part 3 - Background of the GST Audit, role of professionals and a detailed clause by clause analysis with Practical FAQ's for filing the Reconciliation statement in Form GSTR 9C.
Part 4 – Checklists, Formats,FCQ's, Templates and Practical Methodology of conducting GST Audit [verification of documents/transactions after evaluation of internal control, reconciliations with tips to mitigate demand, common errors to avoid].
Part 5 – Customs Audit, year-end action points for taxpayers, other GST Certifications and Departmental Audit.
Appendices containing the gist of important notifications, guidance notes, standards, forms of audit under GST, and important templates for ready reference of professionals.
Key Features
- Includes practical tables giving Step by Step approach with internal control questionnaires, checklists, templates, good accounting practices, review program and reconciliation statements for:
- Filing annual return with checklist and enabling formats
- Audit certification
- Detailed analysis of reporting comments, remarks and qualifications in Part B of GSTR 9C along with exhaustive list of sample observations and remarks to be reported.
- Detailed discussion on various other key reconciliations including ITC, outward supplies, etc.
- Extensive list of common errors to be avoided in GST while conducting audit.
- Coverage of key reconciliations viz., GSTR 2A to 3B, GSTR 1 to 3B, etc.
- Extensive discussion on professional approach to GST audit using the internal control questionnaire and sample audit program.
- Insights on key year-end activities & relationship between GSTR 1, GSTR 3B & GSTR 9.
- Covering important tools/techniques for optimization of tax, ITC, year-end actions, etc. to avoid future disputes and adding value.
- Visit http://bit.ly/GSTAudit for updates and information.
CA Mahadev.R, [B.Com., FCA] is a partner at multi- locational firm in India. He has been involved in advising clients across different manufacturing and service industries, on various issues under indirect taxes including reviews under GST, for ensuring better compliance.
He has assisted many renowned authors of indirect tax books such as Central Excise Made Simple, Practical guide to Service tax etc. and a co-authored a book on ‘Goods and Service Tax’, published by Himalaya Publishing House, for B.com students. He is also an active contributor of articles to Karnataka State Chartered Accountants Association (KSCAA) journal, GST Law Times, taxguru etc. He has given lectures at C&AG office, Bangalore, ICAI, Hiregange Academy and commerce colleges for faculties.
Shri BSV Murthy, [B.Sc., LLB, IRS (Retd)], after graduation joined Indian Revenue Service in 1979. During his career, he has been a part of:
– The project steering committee for development of risk management system in Customs,
– The committees set up for considering refund system, staffing in Central Excise etc.;
– The team which developed an audit manual in collaboration with Revenue Canada;
– The Indian delegation to Sri Lanka and Nepal.
He received the Presidential award for distinguished service record in the year 2005. During his career, he got exposure to all the areas of indirect taxes and for 7 years from 2008, he served as a member of the Customs, Excise and Service Tax Appellate Tribunal and got retired from services in the year 2015. He continues to be active in the professional consultancy after retirement.
CA Madhukar N Hiregange, having 36+ years of Post Qualification Experience and Founder Partner of H N A Co., LLP (formerly known as Hiregange & Associates LLP), Specialized in Indirect Taxation, Firm located at 15 cities in India with 500+ committed staff. He is a Director of HNA Advisory Services Pvt Ltd.
He has Jointly Authored 36 books in IDT including GST and Contributed 1000+ articles. Regularly contributes on Linked in & Taxsutra. He Has been active in spreading awareness through his articles, videos and workshops on GST and empowerment.
He Contributed to the nation by volunteering to the Central Council of ICAI for 6 past years. Initially contributed to the students’ education and examination. Further from 2011 onwards empowered more than 150,000 CAs to take up Service tax and then GST practice. From Last 2 decades, he is on a mission to create committed professional leaders
and has encouraged 500+ leading professionals in Industry and Practice to take up ethical practice in IDT.
He Involved with Empower Education Foundation- supporting lesser privileged students in 6 schools & Hiregange Academy, a knowledge & employability NPO, which is serving 4500 learners per year to enhance their capability mainly in IDT and Excel skills.
In 2024- 25 planning an online initiative to share what is that which is not taught in schools & colleges in India through The Hiregange Bridge.
Recently started efforts on supporting professionals to energise their careers/ practice. A small booklet was penned- How to flourish in Career & Practice.
He Believes in value-based practice and life.
CA. Ravi Kumar Somani [B.Com., ACA] is a partner at Hiregange & Associates LLP and heads Pune branch of the firm. He has been involved in performing indirect tax reviews across varied sectors and guiding clients on contracts structuring, workable business models, transactional structuring, developing systems and processes for compliance under Indirect Taxes. He has authored a book on Indirect Taxes 'Self study guide to Indirect Taxes', published by Asia Law House. He has also co-authored a book on ‘Practical Guide to GST Audits and Certification’ published by Bloomsbury. He is a faculty at ICAI and has given lectures at various professional forums such as ICAI, Hiregange Academy, NACIN, National Insurance Academy, Mahratta Chamber of Commerce etc. on Service Tax and GST. He is also an active contributor of articles and posts on Linkedin, TaxGuru, GST Law
Times, MCCIA, Newsletter of Pune Branch of ICAI and on other professional forums.
Bloomsbury Professional India brings out quality content on tax, accounting and law for professionals in India. Bloomsbury Professional is part of Bloomsbury, a UK based company with offices in London, Oxford, New York, Sydney and New Delhi. The New Delhi based office of the publisher, have over the past few years of operations in India, brought out several market leading books and aims to be the first choice of professionals.
