ICAI Releases Updated Handbook on Finalisation of Accounts with GST Perspective

The Institute of Chartered Accountants of India (ICAI) has recently published a handbook “Finalisation of Accounts with GST Perspective“. The handbook contains practical tips on different GST issues which should be kept in mind while closing the accounts.

The aim is to assist members and other stakeholders to identify, understand and resolve GST related issues that may arise during financial reporting and GST compliance. This handbook is based on practical situations and gives practical insights to facilitate smooth and accurate finalisation of accounts.

The publication has been revised to cover the current developments under GST. The information is presented in a simple, straightforward, and user-friendly manner that makes it easy for readers to understand and use guidance in practice.

This handbook will be a handy reference for chartered accountants, practitioners, industry professionals and other stakeholders. This will enable them to deal efficiently with GST-related considerations in the finalisation of accounts and to ensure better compliance of GST laws and regulations.