ICAI issued Guide to CA Certificates in GST

The Institute of Chartered Accountants of India (ICAI) has issued Guide to CA Certificates in Goods and Sevices Tax (GST).

Goods and Services Tax (GST), being one of the most significant indirect tax reforms in India, has had quite an impactful journey in the few years since it has been introduced in India. On 1st July 2023, GST in India turned six. Still in its early years, it has seen a lot of amendments and constant improvements based on the feedback received from various stakeholders. GST was introduced to reduce multiplicity of taxes and tax rates, compliance burden, do away with cascading effect of taxes and bring certainty, and transparency in the indirect tax regime.

Chartered Accountants are put in a fiduciary position and trusted upon by the Government and other stakeholders for issuing certificates for various special purposes. GST law also requires issuance of certificate by independent Chartered Accountants practitioners on certain specific matters.

The Institute of Chartered Accountants of India (ICAI) has always been proactive in providing the much-needed support to the members and honing their skills to provide such certifications. Publication Guide to CA Certificates in GST” has been specifically developed by the GST & Indirect Taxes Committee to assist the members in carrying out certifications prescribed under the GST law.

The GST and Indirect Taxes Committee of ICAI had developed the publication “Guide to CA Certificates in GST” in 2020 to aid the members in carrying out the statutory responsibilities of certifications as provided under GST law. The Committee has now revised this publication to provide updated guidance to the members.

The formats given in the publication aim to provide guidance to the members in issuing the prescribed certificate and are not mandatory. While every effort has been made to include all the certifications required from a Chartered Accountant under GST law, members may exercise their discretion judiciously if they come across any situation not explicitly covered in the publication, considering the underlying purpose and spirit of the law. These certificates have been prepared in accordance with the Guidance Note on Reports and Certificates for Special Purposes (Revised 2016) issued by Auditing and Assurance Standards Board.

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