GST on audit fees

[pawan agrawal]

if we are doing tax audit of account of 2016-17 in aug 2017. can we give bill of audit after charging gst on audit bill. if yes then how will client show gst on audit fees in his account. Because audit provision has to be made in march 2017 balance sheet. then can he made audit provision with gst in march 2017 balance sheet. will he received input credit of GST on audit bill and how...

AI Summary

GST Applicable on Audit Fees for FY 2016-17 Billed in August 2017; Input Credit Available for Clients A discussion on a forum addresses the application of GST on audit fees for the financial year 2016-17, billed in August 2017. Participants discuss whether GST can be charged on audit fees and how clients should account for it. It is clarified that GST should be billed since the service is provided during the GST period, and clients can claim input credit. The audit fee, including GST, should be shown in financial records, and the approach should align with how service tax was previously accounted for. The timing of the invoice and service provision is crucial under the CGST Act, 2017.