November 2020 2
Refund of unutilised ITC in GST
Refund of unutilised ITC in GST According to Goods and Service Act 2017 section 54 say about refund of unutilized input tax credit ( ITC). Who can claim refund of unutilized input tax credit ( ITC) ? A Registered person can claim refund of unutilized input tax credit ( ITC) When refund of unutilized input […]
Compulsory audit of accounts (Section 44AB)
Compulsory audit of accounts (Section 44AB) According to Income Tax Act 1961 compulsory audit of account need in case of annual turnover exceed Rs. 1 crore in any previous year ,the tax audit conducted by a Chartered Accountant. Tax Audit mean comprehensive audit of books accounts. Who need to tax audit? In case of annual […]
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