Tea, Assembly & Informal Networking

Analysis and Interpretation: Concept, Analysis and Critical Issues of GST

Changes Introduced w.e.f. 01st April 2019 in Goods and Service Tax: -

• Real Estate Sector
• New Returns Introduced
• Changes in composition scheme and introduction of composition in service sector
• Changes in threshold limit
• Changes in notified services u/s 9(4) of CGST Act,2017
• Also changes brought in Rules to align with above changes
• Impact of Changes in Input Tax Credit

Ms. Rohini Aggarawal,
Senior Partner
Arx Business Advisors

Mr. Kulraj Ashpnani,
Director
Nitya Tax Associates

References

Tea with Snacks

Analysis and Interpretation: Concept, Analysis and Critical Issues in Changes Introduced w.e.f. 01st April 2019 in Goods and Service Tax (Continued)

Concepts, Analysis and Insight in respect of Critical issue with respect to Annual Return and GST audit

• Splitting the total amount of ITC
• HSN wise reporting of inward supplies
• No Space for amendments or correction or mistake
• Mismatch of input tax credit between GSTR 2A and GSTR 3B
• Reconciliation with Audited Financial Statements
  

Mr. Manmohan Khemka,
Senior Partner
Samynk & Co, CA

Mr. Vaibhav Jain,
Partner
Mehra Goel & Co., CA