Seminar on Tax Audit, GST Audit organised

| | Bhopal
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Seminar on Tax Audit, GST Audit organised

Friday, 07 September 2018 | Staff Reporter | Bhopal

A daylong seminar on Tax Audit and GST Audit was held in city on Thursday.

The seminar was organised by Committee for Capacity Building of Members in Practice, New Delhi and was hosted by Bhopal Branch of The Institute of Chartered Accountants of India.

During the program CA Deepak Bholusaria, speaker from Delhi explained the provisions of recent changes in Tax Audit reports in detail. He described that the Changes in tax audit reports are applicable with effect from July 20 2018.

In the second technical session CA Khemisha Soni from Indore and Central Council member addressed the members on various issues and measures taken by Committee for Capacity Building of Members in Practice, New Delhi for the benefit of members. She advised the members about important points to be look after while signing the Audit reports and Certificates. She briefed about the important Accounting Standard, Guidance notes and Statement on Auditing Standards issued by Auditing and Accounting Standards Boards, New Delhi.

In the third technical session CA Yashu Goel, speaker from New Delhi talked about GST Audit. He explained that the Threshold limit for GST Audit for every registered person whose aggregate turnover during a financial year exceeds INR 2 crore shall get his accounts audited. He informed that the aggregate turnover includes value of all exempt supplies and exports under the same PAN, on all India basis. He further explained about the documents required for GST audit.

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