Description
Table of contents
Biographical note
User Reviews
This book has been written with the twin goals of making the tax-payers aware about the compliances required for smooth conduct of GST audit of their business operations as well as to educate the tax auditors so as to enable them to conduct the audit in a fair, transparent and impartial way to ensure compliance of GST law as well as to prevent and plug in the leakage of revenue well in time. The book discusses the practical aspects which an auditor should concentrate on while doing GST audit and where the taxpayers need to be more careful and vigilant.
The audit process has been explained from inception i.e., the selection of taxpayer and intimation of conducting GST audit right upto the conclusion of the same.
The knowledge of accounts is pre-requisite for the departmental officers who otherwise have diverse academic backgrounds. A separate chapter on accounting has been written not only to acquaint them with the elementary accounting process but also to provide further authentic resources to those interested in enhancing their accounting skills. The auditors must perform their duties with utmost sincerity, integrity and diligence; there-fore, guidelines about overall conduct of the auditors have been included following which they will manifest the best professional ethics.
This book has been written with the twin goals of making the tax-payers aware about the compliances required for smooth conduct of GST audit of their business operations as well as to educate the tax auditors so as to enable them to conduct the audit in a fair, transparent and impartial way to ensure compliance of GST law as well as to prevent and plug in the leakage of revenue well in time. The book discusses the practical aspects which an auditor should concentrate on while doing GST audit and where the taxpayers need to be more careful and vigilant.
The audit process has been explained from inception i.e., the selection of taxpayer and intimation of conducting GST audit right upto the conclusion of the same.
The knowledge of accounts is pre-requisite for the departmental officers who otherwise have diverse academic backgrounds. A separate chapter on accounting has been written not only to acquaint them with the elementary accounting process but also to provide further authentic resources to those interested in enhancing their accounting skills. The auditors must perform their duties with utmost sincerity, integrity and diligence; there-fore, guidelines about overall conduct of the auditors have been included following which they will manifest the best professional ethics.
Anil Kumar Gupta, IRS
B.Com, MBA, FCMA
The author is a senior IRS Officer and Fellow Member of Institute of Cost Accountants of India, (ICMAI), having 33 years of experience in indirect tax administration including planning & conduct of Audits under GST, Central Excise, Service Tax & GST Law. The author had 4 years of first-hand experience of working in a Corporate Sector handling Finance & Accounts assignments before joining the IRS which gave him insight into the working of Internal Controls & Audit Systems usually adopted by a Company.
The Author is presently posted as Principal Director General – DGGI [Directorate General of GST Intelligence]. Prior to present posting, the author has worked as Pr. Chief Commissioner Kolkata CGST Zone and Chief Commissioner, Customs Zone Kolkata. The author has also worked as Pr. Additional Director General with National Academy of Customs & Indirect Taxes and Narcotics (NACIN) for 4 years which is the Apex Academy of Central Board of Indirect Taxes (CBIC) for imparting training on GST to Tax officers of both CBIC as well as States/UTs. The author has first-hand experience of implementation of GST Audit having worked as Commissioner (Audit), Panchkula.
Baljit Singh Khara, IRS
MA, Ph.D.
The author is a serving Government servant with more than thirty-four years’ experience in Indirect Taxes & Customs. He has worked in various formations under Central Excise, Customs, Service Tax, CGST including Directorate of Revenue Intelligence (DRI) and NACIN. Having keen interest in learning and teaching, remained involved in various GST training programmes conducted by the department since 2016-17 and with NACIN Chandigarh as faculty since July 2017 for training the Central Tax as well as the State Tax Officers of various states/UTs.
He is a regular faculty with various NACIN campuses, other Government departments and educational Institutions. He has been actively involved in trade facilitation at Chandigarh after launch of GST.
Presently he is working as Assistant Director at the Zonal Campus, National Academy of Customs, Indirect Taxes and Narcotics (NACIN), Chandigarh. He has been actively involved in development and preparation of some topics including “Audit in GST” for iGOT Karmayogi Bharat portal. He has also authored two-volume book: A Comprehensive Handbook on GST: Legal Provisions, Procedures and Tax Rates, which has been very well received by the Trade & Industry, Tax Officers and the legal fraternity and its 6th updated edition has been published in August, 2023.
CS Sanjay Malhotra
Mr. Sanjay Malhotra is a Fellow Member of Institute of Company Secretaries of India and is a Practicing Company Secretary for past 13 years with educational qualification in Masters of Business Administration (Finance), Chartered Financial Analyst, Cost and Management Accountants, Alumni of ISB (Indian School of Business), M.COM (Gold Medalist) and possess overall experience of 33 years with core expertise in the area of Indirect Taxation, Foreign Trade Policy Matters and Supply Chain Management. He is also the convener of Indirect tax Committee–FICCI Chandigarh, has written various articles on Indirect Taxes and is a regular faculty member to NACIN, ICSI, CII, Corporates, PSU’s, State / Central Government in Indirect Tax Matters and have been involved at Central / State Government level for Indirect Tax policy formulation.
Prior to this, Mr. Malhotra has worked with renowned Corporates for 20 years at President Level position having in-depth experience of Supply Chain, Financial Analytics, Accounting and this expertise has contributed in designing of Audit charter to ensure tax compliance across taxpayers at national level. Mr. Malhotra has to his credit various accolades by Governments, Tax associations and Taxpayers for his contribution in the field of Indirect Taxes.
CMA Anil Sharma
B.com (Honrs), M.Com, FCMA
The author is Practicing Cost & Management Consultant. He is having wide exposure to Project Accounting, System Audits, Costing, Valuation, Indirect Taxes, Statutory Audits under Company’s Act, 2013 and Commercials. Before coming to practice in 2003, he served for more than fifteen years in large manufacturing organizations in both private and public sectors. Having in depth knowledge in day to day activities, he understands each business transactions and systems very well.
He has authored a book: GST – some perceptions and reflections. Author is a regular faculty to NACIN, ICMAI, Management Institutes, and Centre/States PSUs. Author is also panelist to various TV shows, AIR on GST and other contemporary issues. Tax Knowledge Foundation (TKF), New Delhi has conferred him with “TIOL-2021-Jury Award” for his contribution in the field of Taxation. Author is also Member to Indirect Tax Committee of ICMAI-Kolkatta.
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