Latest Breaking News On - Companies act income tax - Page 6 : comparemela.com
ANNOUNCEMENT: DOMLEC employment opportunity - Internal Auditor
dominicanewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dominicanewsonline.com Daily Mail and Mail on Sunday newspapers.
ADR Moves Supreme Court Seeking Stay On Further Sale Of Electoral Bonds Ahead Of Assembly Elections In Kerala, West Bengal, TN Etc
livelaw.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livelaw.in Daily Mail and Mail on Sunday newspapers.
Budget 2021: FM does away with the need for GST Audit for a section of taxpayers
Synopsis
This will bring relief to SMEs that are struggling with the requirement for audits under numerous laws.
A least expected yet positive development for the industry from the Union Budget 2021 is the omission of the requirement for GST Audit/ certification by a Chartered Accountant or Cost Accountant.
As in the cases of Companies Act, Income Tax Act and the erstwhile VAT laws, the GST Law also mandated the concept of an audit of annual accounts for a specified class of taxpayers by a professional.