GST is an Indirect Tax which has replaced many Indirect Taxes in India. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017. The Act came into effect on 1st July 2017; Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition.
The first main difference is the purpose. Internal audit considers whether business practices are helping the business manage its risks and meet its strategic objectives — it can cover operational as well as financial matters. External audits primary aim is to analyze and verify the financial statement of the company to see whether they represent a ‘true and fair’ view and have been prepared according to accounting standards and legal requirement.
What HR Consultants Do
Who HR Consultants Are
Why You Might Need HR Consulting