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10/20/2015CA Atul Kumar Gupta1 Audit Planning and checklist Checklist for Service Tax By CA Atul Kumar Gupta
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10/20/2015CA Atul Kumar Gupta2 Assessee Classification Manufacturer/Trader Service Provider
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10/20/2015CA Atul Kumar Gupta3 Manufacturer/Trader Assessee Checklist Expenditure Head Payment of Overseas Royalty Payment to GTA Service Provider Payment in Foreign Agent for Procuring Order or any other Consultant Sponsorship of any Nature
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10/20/2015CA Atul Kumar Gupta4 Manufacturer/Trader Assessee Checklist Revenue Head Job Work After Sale Services/Free Services under Warranty IF exporter of Goods, Eligible for Refund Reimbursement/Cost Sharing from Sister Companies.
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10/20/2015CA Atul Kumar Gupta5 Service Provider Assessee Checklist Revenue Head Classification of Services Taxable Vs. Exempted Services Abatement Claimed or not Timely Submission of Challan and Return-Penalty Provisions Whether Services are Really Export or not FIRC in case of Export Bad Debts Accounted or not in ST-3
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10/20/2015CA Atul Kumar Gupta6 Service Provider Assessee Checklist Revenue Head Matching of Turnover with ST-3 (H1+H2) Matching of CENVAT Credit in H2 Service Tax Return with Balance Sheet Balances Maintenance of Records and Heads in Books of Accounts Out of Pocket Expenses Claimed. In Export-Whether Refund Applied or Not.
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10/20/2015CA Atul Kumar Gupta7 Service Provider Assessee Checklist Revenue Head Issue of Invoices-Rule 4A Centralized Registration/Single Premises Whether all the Services covered under Registration Certificate
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10/20/2015CA Atul Kumar Gupta8 Service Provider Assessee Checklist Expenditure Head Rule 4A of Service Tax Rules 1994. Import of Services Payment of Tax under Reverse Charge Mechanism
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10/20/2015CA Atul Kumar Gupta9 Service Provider Assessee Checklist Expenditure Head CENVAT Credit Rules Compliances for CENVAT Credit Under Rule 4 and 6 Register of CENVAT Credit Declaration under Rule 6(3A) of CCR 2004 Centralized Registration/Single Premises
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10/20/2015CA Atul Kumar Gupta10 Audit Under Service Tax TurnoverPeriodicity of Audit Service Tax Liability more than 50 Lakhs Annually Service Tax Liability Between 25- 50 Lakhs Bi Annually Service Tax Liability Between 10- 25 Lakhs Once in a Five Years Service Tax liability less than 10 Lakhs 2% of the total cases
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10/20/2015CA Atul Kumar Gupta11 How to get prepared for Audit Gross Turnover2000000Match with Balance Sheet Less: Exempted Turnover400000Prepare Note for the same Net Taxable Turnover1600000 Add: Opening Debtors200000Last Year B/s Less: Closing Debtors150000Current Year B/s Net realised taxable amount1650000Match with ST-3
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10/20/2015CA Atul Kumar Gupta12 How to get prepared for Audit Tax Due @10%165000 Less: Cenvat Credit20000Documentary Evidence required. Net Tax Paid in Cash145000Match with GAR- 7
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