Accounts and records Archives

Audit in GST | Section 65 Central Goods and Service Tax (CGST) Act, 2017 | An analysis of Legal Provisions

BACKGROUND Audit under indirect tax laws is not a new concept. This concept of audit was also existing in the erstwhile Central Excise laws, State level VAT laws and Service tax laws. Audit is a tool available to the tax department to review and verify…

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August 27, 2020

Accounts and records / Reverse Charge Mechanism

When Self Generated Invoice has to be generated and Format | RCM

Relevant Legal Provisions Section 31(3)(f) of The CGST Act, 2017 | Requirement of Self-Generated Invoice “a registered person who is liable to pay tax under sub-section (3) or sub-section (4) of section 9 shall issue an invoice in respect of goods or services or both…

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April 26, 2020

Accounts and records

Documents Under GST | Accounts and Records

Various document to be issued under GST Regime S.no Document When required to be issued 1. Tax Invoice At the time of removal of goods or delivery of goods At time of receipt of goods or services or both from unregistered supplier Before…

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April 11, 2020