GST desk review documentation: financial and audit records frame verification of valuation, ITC, reverse charge and related party risks GST desk review requires scrutiny of Annual Reports, Profit & Loss Accounts, Balance Sheets, Notes, Trial Balance, Cost Audit and Tax Audit Reports, and TDS certificates to identify audit risks. Examinations should reconcile financial disclosures with GST returns, verify auditor qualifications and CARO/C&AG findings, detect inventory/fixed asset and related party valuation issues, isolate supplies subject to reverse charge, and use cost and trial balance data to assess valuation, ITC claims and unusual ledger accounts for targeted further audit.
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GST desk review documentation: financial and audit records frame verification of valuation, ITC, reverse charge and related party risks
GST desk review requires scrutiny of Annual Reports, Profit & Loss Accounts, Balance Sheets, Notes, Trial Balance, Cost Audit and Tax Audit Reports, and TDS certificates to identify audit risks. Examinations should reconcile financial disclosures with GST returns, verify auditor qualifications and CARO/C&AG findings, detect inventory/fixed asset and related party valuation issues, isolate supplies subject to reverse charge, and use cost and trial balance data to assess valuation, ITC claims and unusual ledger accounts for targeted further audit.
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