GST Audits & Annual Return
Kolkata, June 14, 2019, 9 a.m. - June 14, 2019, 5 p.m.

The LaLiT Great Eastern Kolkata 1, 2, 3, Old Court House Street, Dalhousie Square, Near Raj Bhavan, Kolkata, West Bengal 700069

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As per provisions of section 35 of CGST Act, 2017,GSTauditis mandatory for all assessees having turnover of more than Rs. 2 crores. The annual return along withGSTauditreport needs to be filedbefore 30th June 2019for the year 2017-18.

The annual return &auditreports formats have recently been notified by the Government. The preparation of annual return will require compiling accurate data from various sources (i.e. GSTR 1, GSTR 3B or books of accounts).

Further, the process ofauditof records will involve verification of many aspects including reconciliation, valuation, cross charge etc. A reconciliation between Annual return filed by assessee and sales as per books of accounts need to be certified by theauditorand demands ofGSTcan be raised based on such reconciliation statement.

The process of filing annual returns & conductingauditinvolves equal participation from the company as they need to gear up with the necessary information in timely manner.

The Workshop will explain the preparations required for filing the reconciliation statement (i.e. in GSTR-9C) and annual return (i.e. GSTR-9A & GSTR-9B).

Course Contents:

Legal provisions relating toGSTAudits

  • Who has to furnishGSTAudits?
  • What is the due date?
  • What are the contents ofAuditReport?
  • Other Related provisions

Impact of errors and omissions on Annual Return andAudits.

Books of accounts to be maintained in view of GST Audit Report.

Common areas of Non-complaince having a high risk exposure where auditees are likely to default

Guidance on how to quick pick the details from the financial statements.

Reconciliation of GSTR, Annual Return and Books of Accounts as per Section 35(5) of the CGST Act, 2017

Format of Returns

How to correct and/or amend errors and omissions.

Discussion on important aspects such as

  • Related party transactions
  • Transactions relating to Fixed Assets
  • Input Tax Credits
  • Records and documents to be maintained
  • Reverse Charge Implications
  • Treatment of advances
  • Proposed Return Filing process
  • Recent amendments inGSTLaw
  • Complex Audit Issues

Target Audience:

  • CFO
  • Finance & Account Executives
  • Tax Consultants
  • Auditors
  • And Practicing CA, CS

Event link:

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