GST Audit Handbook Government Perspective
- Year of Publication: 2021
- Edition: 1st
- ISBN: 978-93-54351-26-6
- No.of Pages: 395
More than 3 tumultuous years are over since GST was introduced in the country. It was in the third year that the Government came out with the GST Audit Manual (GSTAM) and the audit of the taxpayers’ records by the Departmental audit officers has started.
The users of this book will see that this book has details of:
- What the department may ask the taxpayer to provide in the letter to the taxpayer
- What type of desk review that is possible and could have been done
- The evaluation of internal controls and their grading by the officers
- All the points that may be looked into by the officers during the audit
- Samples of walk through
- Taxpayers can do the trend analysis to check areas which may be taken up for scrutiny
- Returns under other statutes, internal audit reports and requirements of accounting standards which are required to be fulfilled by the taxpayers
- Some of the cases that have been decided by the appellate authority for advance ruling (Decisions from courts would come in future)
- Common errors that may have to be kept in mind
- Some areas of Customs which the auditors may look since IGST paid during imports and refund of IGST in exports are areas which they have to verify and while doing so areas which have a bearing on this aspect cannot be ignored.
- How to read and understand annual reports.
The Book aims to be a useful guide to the taxpayers and professionals engaged in consultancy, advisory, litigation and giving opinions in the field of indirect taxation. The taxpayers without professional assistance could use the book to prepare for departmental audit and deficiencies, if any, in their record-keeping, can be made good.
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.
She is a Partner in Hiregange & Associates, a firm having offices in Bangalore, Hyderabad, Vishakhapatnam, Mumbai, Pune, Chennai, Gurugram & Guwahati. Currently in charge of the consultancy & retainership divisions therein. She has co-authored several books like Practical Guide to GST on real estate, Central Excise Made Simple, Handbook on Central Sales tax, Students Handbook on Indirect taxes, ICAI Background Material [BGM] of Certificate Course on Indirect Taxes of ICAI and also the author of the 2/3 days ST enabler course conducted by ICAI.
She is an active speaker in over 150 seminars including State Chartered Accountants Assn, ICAI branches chapters, currently working on GST procedures book expected to be out by March of 2020.
She has been advising numerous clients from varied sectors in GST with focus on optimisation of taxes, cost savings, GST impact analysis, GST review services and resolving issues under GST law and procedural aspects.
She has been actively involved in sharing knowledge through seminars and articles and regularly contributes to Peenya Industries Association, Karnataka State Chartered Accountants Assn (KSCAA), Pune ICAI monthly newsletter and Ernakulam monthly newsletters of ICAI, Articles on CA Club, Linked In for past several years.
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.
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: 2021
- Edition: 1st
- ISBN: 978-93-54351-26-6
- No.of Pages: 395
More than 3 tumultuous years are over since GST was introduced in the country. It was in the third year that the Government came out with the GST Audit Manual (GSTAM) and the audit of the taxpayers’ records by the Departmental audit officers has started.
The users of this book will see that this book has details of:
- What the department may ask the taxpayer to provide in the letter to the taxpayer
- What type of desk review that is possible and could have been done
- The evaluation of internal controls and their grading by the officers
- All the points that may be looked into by the officers during the audit
- Samples of walk through
- Taxpayers can do the trend analysis to check areas which may be taken up for scrutiny
- Returns under other statutes, internal audit reports and requirements of accounting standards which are required to be fulfilled by the taxpayers
- Some of the cases that have been decided by the appellate authority for advance ruling (Decisions from courts would come in future)
- Common errors that may have to be kept in mind
- Some areas of Customs which the auditors may look since IGST paid during imports and refund of IGST in exports are areas which they have to verify and while doing so areas which have a bearing on this aspect cannot be ignored.
- How to read and understand annual reports.
The Book aims to be a useful guide to the taxpayers and professionals engaged in consultancy, advisory, litigation and giving opinions in the field of indirect taxation. The taxpayers without professional assistance could use the book to prepare for departmental audit and deficiencies, if any, in their record-keeping, can be made good.
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.
She is a Partner in Hiregange & Associates, a firm having offices in Bangalore, Hyderabad, Vishakhapatnam, Mumbai, Pune, Chennai, Gurugram & Guwahati. Currently in charge of the consultancy & retainership divisions therein. She has co-authored several books like Practical Guide to GST on real estate, Central Excise Made Simple, Handbook on Central Sales tax, Students Handbook on Indirect taxes, ICAI Background Material [BGM] of Certificate Course on Indirect Taxes of ICAI and also the author of the 2/3 days ST enabler course conducted by ICAI.
She is an active speaker in over 150 seminars including State Chartered Accountants Assn, ICAI branches chapters, currently working on GST procedures book expected to be out by March of 2020.
She has been advising numerous clients from varied sectors in GST with focus on optimisation of taxes, cost savings, GST impact analysis, GST review services and resolving issues under GST law and procedural aspects.
She has been actively involved in sharing knowledge through seminars and articles and regularly contributes to Peenya Industries Association, Karnataka State Chartered Accountants Assn (KSCAA), Pune ICAI monthly newsletter and Ernakulam monthly newsletters of ICAI, Articles on CA Club, Linked In for past several years.
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.
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.
