Proposal to abolish Tax Audit u/s 44AB: Advocates have written to PM for removing Tax audit and GST audit

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Proposal to abolish Tax Audit u/s 44AB: Advocates have written to PM for removing Tax audit and GST audit

 

Proposal to abolish Tax Audit u/s 44AB: Advocates have written to PM for removing Tax audit and GST audit

4 COMMENTS

  1. Good one page letter by one advocate.the title of the news item brings out the idea of the news editor.The PM will immediately accept it. Tomorrow the law I’ll be amended.

  2. A great step taken! Thank you Sir! Even the corporate companies are struggling to follow the procedures the small business man whose turnover is less than 50 crores may be exempted from this cumbersome procedure. The GSTR 1, 3B filed are not printabale as statement to enable the verification. The glitches in GST are posing a lot of problems. Being a new law lenient views may be allowed. Huge omissions commissions due to inadvertent mistakes and not understanding the law uptodate and with less knowledged staff and accountants apparent mistakes have occurred. Being a new act three years time with no penalties and late fees and with rectification enabled to correct mistakes upto three years may kindly allowed for the imminent mistakes that would have crept in.

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