In a trust-based self-assessment regime, the integrity of the tax system rests on the accuracy of the taxpayer’s own declarations. However, "trust" is not a substitute for verification. Under Section 2(13) of the CGST Act, an audit is defined as the examination of records, returns, and other documents to verify the correctness of declared turnover, taxes paid, refunds claimed, and input tax credit (ITC) availed. Professionals must know how to validate each step of the section 65 GST audit lifecycle.

GST Records

GST Composition Scheme

GST Audit & Assessment

GST Act

GST Software

GST Payments

GST Audit Under Section 65: Process, Timeline & Key Stages

A comprehensive analysis of GST late fees under Section 47 — covering the statutory framework, GSTR-9C clarifications, double jeopardy with Section 125 penalties, garnishee proceedings under Section 79, portal glitch protections, and amnesty scheme interpretations with landmark court rulings.

GST Returns & Reconciliations

GST Offences & Penalties

GST Appeals

Late Fees under GST: What the Law Says and What the Courts Have Ruled

To request the removal of a GST bank account attachment, you can pursue different methods depending on the circumstances of your case. These include:

1.  Filing a Formal Objection (FORM GST DRC-22A) 
2. Filing an Appeal with a 10% Pre-Deposit
3. Expiry of the One-Year Limitation

GST TDS & TCS

How to Remove GST Bank Account Attachment Legally

Ever since its inception, the Goods and Services Tax in India has continued to evolve, enabling ease of doing business. Explore the full story of what these changes in the GST regulatory framework mean for enterprises in India for taxation heads and CFOs and the underlying impact on accounts payable and accounts receivables.

Fintech

GST Invoicing

GST Updates

The Great GST Demand Shift: Guide to the Legacy vs. 'One Code' Regime

New Income Tax e-Filing Portal Launched

AP Transformation - How AI is Transforming AP Processes

Financial technology (FinTech) uses technology and innovation to enhance financial activities.

Future of FinTech in India

A leadership-focused roadmap for finance and tax professionals navigating AI-driven automation, regulatory complexity, GST risk, RCM, ITC volatility, and career resilience in the digital era.

Navigating the Convergence: A Strategic Roadmap for Regulatory Excellence and Career Resilience in the AI Era

In this article, we will discuss the Income Tax rules applicable on any income earned through winnings from lottery, crossword puzzles, card games and other games of any sort.

Income Tax Payable On Winnings From Game Shows, Puzzles and Lottery

Maintenance of Accounts and Records under GST, should be maintained by the taxpayers at their principal place of business. Therefore, it is binding to know the details related to the maintenance of records under gst and accounts under GST.

Maintenance of Accounts and Records under GST

A balance sheet of an entity gives detailed information of it that can be used to know the financial stability and position of such an entity. The major components of Balance Sheet are Assets, Liabilities and Shareholders’ funds.

Balance Sheet: Format, Definition, Importance, Types & Example

Form-16 is a certificate that is issued by the employer on or before 15th June, after the relevant FY ends. Form-16 contains two parts: Part-A and Part-B.

What is Form 16 |  How To Download Form 16?

TAN Verification can be done online through the Income Tax Department E-filing website. In order to verify TAN, you may follow the steps which are provided in this article.

Procedure for TAN Verification

When a person starts his own business he starts to hear new technical jargons such as GSTIN, TAN, PAN, DSC and DIN. In this article we summarise the list of these technical jargons along with their meaning.

Meaning of GSTIN, TAN, PAN, DSC and DIN

UDIN (Unique Document Identification Number) is a unique number for the identification of every document attested by practicing chartered accountants in practice. Go through this and know everything including what, when and why about UDIN.

Unique Document Identification Number

Finance & Accounting

This page lists all articles, blogs, news updates, summary of notifications and circulars relating to Fintech

Fintech

The Great GST Demand Shift: Guide to the Legacy vs...

By: Abhishek Raja Ram

New Income Tax e-Filing Portal Launched

By: Sakshi Jain, CA LLB

AP Transformation - How AI is Transforming AP Proc...

By: Prakash Matre

Future of FinTech in India

By: Sakshi Jain, CA LLB

Navigating the Convergence: A Strategic Roadmap fo...

By: Abhishek Raja Ram

Income Tax Payable On Winnings From Game Shows, Pu...

By: Sakshi Jain, CA LLB

Maintenance of Accounts and Records under GST

By: CA Kamal Sakle

Balance Sheet: Format, Definition, Importance, Typ...

By: Sakshi Jain, CA LLB

What is Form 16 | How To Download Form 16?

By: Sakshi Jain, CA LLB

Procedure for TAN Verification

By: Prakash Matre

Meaning of GSTIN, TAN, PAN, DSC and DIN

By: CA Kamal Sakle

Unique Document Identification Number

By: CA Kamal Sakle

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