Description

Though GST is a tax reform, however, it is pertinent for entities to access its impact on accounts, accounting processes and various disclosures. This book attempts to bridge that gap by providing a pragmatic analysis of the concepts and processes established under GST vis-à-vis accounting laws. The book is aimed at all the professionals, students and other academicians.

Key features

• Comparative analysis of important provisions under AS, Ind AS and GST.
• Details discussion on:
  •  Accounts, records, documents to be maintained under GST;
  • Input tax credit;
  • Journal entries and ledgers to be maintained under GST;
  • Year-end control points for accountants;
  • GST Audit preparations.

• Detailed analysis of:
  • Employer-employee transactions;
  • Prior-period items and provisions;
  • Related party transactions;
• Contains FAQs and important GST forms and formats relevant for accountants.