A seminar on GST audit and annual return- issues, approach and challenges, was organised by the PHD Chamber of Commerce and Industry in association with Konrad-Adenauer-Stiftung (KAS), Germany; Chamber of Industrial and Commercial Undertakings (CICU); Lawcrux Advisors and Federation of Industrial and Commercial Organisation (FICO) at Ludhiana. Pawan Kumar Pahwa, chairman, Taxation Sub-Committee, Punjab State Chapter, addressed the seminar and said that the government crossed some crucial milestones with GST despite troubles and confusions over the law.
Madhu Pillai, regional director, PHD Chamber, said that all taxpayers registered under GST were required to furnish an annual return (GSTR 9) along with copy of audited annual accounts and GST audit report (GSTR 9C) for the financial year 2017-18 on or before 30 June, 2019 while CA Vishal Garg, ex-chairman, NIRC of ICAI, made a comprehensive presentation on importance of GSTR 9; how to prepare annual return in form GSTR 9 and important aspects to be considered while preparing GSTR 9.
Pawan Garg, Deputy Excise and Taxation Commissioner, Ludhiana, answered queries of industry members
