Question
Application for cancellation of registration shall be
submitted electronically in Form ______.Solution
Form GST REG 16 is the application form for cancellation of registration under the Goods and Services Tax (GST) Act, 2017. It is an electronic form that can be submitted on the GST portal. The form requires the applicant to provide details of their registration, the reason for cancellation, and the details of any closing stock or liability. The other forms listed are not used for cancellation of registration. Form GST REG 06 is used for intimation of change in business details, Form GST REG 10 is used for intimation of voluntary registration, and Form GST REG 29 is used for surrender of registration.
Which of the following financial statements can be prepared using a receipt and payment account?
‘Goods sent on approval basis’ have been recorded as ‘Credit sales’. This is an example of:
During the audit of ABC Ltd., the auditor identifies that a major debtor who owed ₹2 crore has declared bankruptcy post year-end but before signing of...
Process of verifying the documentary evidences of transactions are known as:
Which of the following best describes the principle of professional skepticism in auditing?
An auditor finds that significant information is missing from financial statements and the effect is material and pervasive. What type of audit opinion ...
Client has breached debt covenants; lender issued waiver valid for 9 months after balance sheet date. Auditor notes liquidity support from group company...
Which principle requires that the financial affairs of the business must be kept separate from the personal affairs of the owner(s)?
An auditor identifies a material misstatement due to fraud in financial statements. What should be his immediate course of action?
……… is an audit on a legal entity (the auditee) by two or more auditors to produce a single audit report, thereby sharing responsib...
