Statutory payment

This query is : Resolved 

03 August 2012 I will do the audit of statutory payments from monday, can any body tell me that how to audit statutory payment and which important point kept to be mind during the audit..?

08 August 2012 Hello,
This is a wide area for audit. You are going to check:
1. TDS & TCS payments
2. PF (Employee & Employer)
3. Profession tax
4. ESI
5. VAT/CST
6. Excise/Service Tax (Reco with Accounts)
7. Any other tax payment
8. Open assessments for any contingent liability disclosure in financials.

You should know the legal provisions, rules under respective Statutes for deduction of taxes, applicabilitu of taxes and date of tax payments, any specific exemption available for entity under audit.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries