Subsequent to my earlier mail on the subject of Indirect Tax Reconciliation under Para D-6 of the Cost Audit Report, many professionals wrote me back with their very valuable suggestions. Our team has gone through each of the suggestions and compiled one format for the easing out this part of the para and having the requisite information for the compliance.
GST is one very important tax provision which not only effects the cost seggregation but also induces competition across the board and which again matches with the theme of Cost Audit.
Therefore informed and prudent application of the format will help all of us in making and facilitating GST Audit a success as well.
Please do let me know if any further modification can be of help.
B.Com (Hons), FCMA,FIV,MIMA,MICA
Co-Chairman, UP Chapter of ASSOCHAM & Head of Cost Cell
President, Institute of Cost Accountants of India (2012-13)
Partner- M/s Shome & Banerjee (Delhi,Kolkata&Mumbai)