Desk overview – overview

1. Desk Overview – Overview
Audit Commissionerate, Agra
December 17, 2015
1 CA Gaurav Gupta

2. Major Points for examination
 Output Liability
 Taxability – Agreements / Invoices
 Exports/ Exemptions – As per Notifications
 Classification – Bundled Services – Agreements / PO
 Valuation – Includes reimbursements, FOC (in certain
cases)
 Place of provision
 Cenvat Credit
 Availability – Employee Services
 Rule 6(3)
 Reversal in certain situations
2 CA Gaurav Gupta

3. Major Points for examination
 Reverse Charge – Foreign
 Notes to Accounts
 Form 15CA / CB
 Place of provision
 Reverse Charge - Domestic
 Trial Balance / Profit and Loss Account
 Agreements
 FOC / Reimbursements – Valuation
3 CA Gaurav Gupta

4. Major Points for examination
 Other Points
 ABC Analysis
 VAT returns / Excise Returns
 SCNs and contingent liability
 Trends in tax payments & ratios
 Taxation accounts and their balances
 Unearned incomes / Deferred incomes
4 CA Gaurav Gupta

5. Disclaimer
This presentation has been prepared for internal use of ICAI and its members. The contents of this document are
solely for informational purpose. It does not constitute professional advice or a formal recommendation. The
presentation is made with utmost professional caution but in no manner guarantees the content for use by any
person. It is suggested to go through original statute / notification / circular / pronouncements before relying on the
matter given. The presentation is meant for general guidance and no responsibility for loss arising to any person
acting or refraining from acting as a result of any material contained in this presentation will be accepted by us.
Professional advice recommended to be sought before any action or refrainment.
CA Gaurav Gupta
Partner
MGS & Co.
507 B, D-Mall, Netaji Subhash Palace, Delhi - 110034
+91 11 32962487
+91 11 2735 2487
+91 98110 13940
cagauravmgs@gmail.com
Thank you