Tag Archives: #ComplianceAudit

What are the stages of an audit?

Audit Stages  Stages: An audit typically involves several stages, which can vary depending on the size and complexity of the organization being audited. However, the following are the general of an audit: 1.Planning: In this the auditor plans the audit by gaining an understanding of the organization and its business processes, identifying key areas of… Read More »

Secretarial compliances for listed company?

Secretarial Compliances for listed Company    Secretarial compliances for listed company, there are specific secretarial compliances that must be adhered to in addition to the general compliance requirements. These compliances are aimed at ensuring transparency, investor protection, and adherence to the regulations governing listed entities. Here are some key secretarial compliances for a listed company:… Read More »

Secretarial Audit Vs. Compliance: Difference between secretarial audit report and secretarial compliance report ?

Secretarial Audit Vs. Compliance  The difference between a secretarial audit report and a secretarial compliance report lies in their scope and purpose. Here’s a breakdown of each: Secretarial Audit Report: Scope: A secretarial audit report provides an independent evaluation of a company’s secretarial and compliance practices. It covers a comprehensive examination of statutory registers, filings,… Read More »

What are the consequences of Not Issuing E-Invoices Under India’s New GST Regime

What are the consequences of Not Issuing E-Invoices Under India’s New GST Regime With the introduction of the Goods and Services Tax (GST) in India, the government has significantly reformed the tax system, aiming to streamline indirect taxation. A critical aspect of this evolution is the requirement for businesses to generate and issue electronic invoices… Read More »

Gst compliance checklist for private limited company?

GST Checklist for PVT Ltd Company   GST Checklist for Pvt Ltd Company, Verify if your company meets the turnover threshold for GST registration. Apply for GST registration by providing the necessary documents and information. Invoicing and Documentation: Ensure that all invoices issued by your company are GST compliant, including details such as GSTIN, invoice… Read More »

What is the objective of tax audit?

Tax Audit   Tax audit is a process mandatory by the Indian Income Tax Act, 1961, designed to verify the accuracy of an individual or business’s financial records and tax returns. It is an examination of income and tax deductions to ensure that taxpayers comply with applicable tax laws. The tax audit serves as a… Read More »