Goods and Services Tax (GST) is an indirect tax (or consumption tax) used in India on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes.
The GST & Indirect Taxes Committee is one of the most important non-standing committees of the kalwarassociates. The main function of the committee is to examine the indirect taxes laws, rules, regulations, circulars, notifications etc., which may be enacted or issued by the Government from time to time and to send suitable memoranda containing suggestions for improvements in the respective legislation. The GST & Indirect Taxes Committee actively facilitates the process of formulation of budget by offering pre-budget and post-budget suggestions/comments to simplify tax laws and their administration for the purpose of making it more responsive to taxpayers.
What is audit GST?
Audit under GST is the examination of records maintained by a registered dealer. The aim is to verify the correctness of information declared, taxes paid and to assess the compliance with GST.
Documents required for registration of GST:
- Pan card
- Aadhaar card
- Bank passbook
- Passport size photo
- Electricity bill or khasara/khataoni
- Name of firm or shop
- Type of business