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Audit Planning and checklist

Audit Planning and checklist. Checklist for Service Tax By CA Atul Kumar Gupta. Assessee Classification. Manufacturer/Trader Service Provider. Manufacturer/Trader Assessee Checklist. Expenditure Head Payment of Overseas Royalty Payment to GTA Service Provider

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Audit Planning and checklist

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  1. Audit Planning and checklist • Checklist for Service Tax • By CA Atul Kumar Gupta CA Atul Kumar Gupta

  2. Assessee Classification • Manufacturer/Trader • Service Provider CA Atul Kumar Gupta

  3. 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 CA Atul Kumar Gupta

  4. 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. CA Atul Kumar Gupta

  5. 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 CA Atul Kumar Gupta

  6. 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. CA Atul Kumar Gupta

  7. Service Provider Assessee Checklist • Revenue Head • Issue of Invoices-Rule 4A • Centralized Registration/Single Premises • Whether all the Services covered under Registration Certificate CA Atul Kumar Gupta

  8. Service Provider Assessee Checklist • Expenditure Head • Rule 4A of Service Tax Rules 1994. • Import of Services • Payment of Tax under Reverse Charge Mechanism CA Atul Kumar Gupta

  9. 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 CA Atul Kumar Gupta

  10. Audit Under Service Tax CA Atul Kumar Gupta

  11. How to get prepared for Audit CA Atul Kumar Gupta

  12. How to get prepared for Audit CA Atul Kumar Gupta

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