Hi - I have one question. is it must to handover GST portal , Traces , Income tax website 's Login ID Password to the CA for conducting TAX Audit , GST Audit. Without it Audit can not be performed ?
Thank you for your time
Asked 4 months ago in Income Tax from Odhisa, Odisha
To some extent it is required because in tax audit, CA have to verify and comment on the figures.
GST login- To reconcile the total purchase and sales made during the financial year.
Income tax login- For any outstanding demand and notice.
Traces- Related to TDS penalty, notice and TDS defaults.
Ya.. I understand. Those can be captured in form of Screenshot of required pages . But all departments periodically send notice via email or posting notice in website that "Never Share ID/password with ANY BODY".. I can not relate ..
For Bank Statement we do not hand over Login ID password of Net Banking Site to CA....
Asked 4 months ago
If you have problem in sharing login, you can provide him copies of GST returns and copies of any notices from the department. Also share the screenshots of the latest development. In case of BRS, CA never asks yours bank login. Certified Bank statements are acceptable for audit purpose.
Generally CA asks to avoid inconvenience to the clients.
It is not mandatory to handover password to CA if you are well versed with both the portals and provide needed reports to the CA from portal.
Usually, there is no harm in sharing the password for these sites. Its different from your net banking passwords. Do not compare them. However, still if you do no want to share them then, you need to learn what all steps are required to perform on those sites like downloading of certain forms or copies of returns which may be required by CA/professional for rendering further services. Apart from that you may ask him the steps how to upload your final return post audit and then you may do those things at your end. In such case, you need not share the password.
If you can give all the docs like 26AS GST return etc by downloading it you can avoid that. U should never share net banking password
Not necessary. It is asked to reduce the clients work. You can download all these forms from the respective sites and give it to the CA for audit purposes. Then there would be no need of sharing the passwords.
It’s not mandatory you can share required documents information to CA
Sharing these data with the CA is not mandatory. If you can provide all the details required by the CA, there is no issue. It is only for the sake of Convenience that all ID n passwords are shared.
For bank, never share the login credentials or PIN. Also, the CA will be never ask for the same.
NO IT IS NOT REQUIRED. If you provide GST returns, 26AS. Than it is sufficient.
You don't need to share your confidential ID & Password with any auditor, whenever auditors comes to you for any information from website you have to login from your own and can extract information infront of him.
There is no requirement under any law to give ID & Password.
Better way will be, you can ask the auditor to come only once in a day to ask information from website, it will be time saving for both of you.
As an auditor previously I never asked password to my client.
CA Varun Chawla
No , its not mandatory,
you just give the information to him required by them
It is not mandatory to provide but at the same you need to provide all the requisite documents download from the sites.
Therefore it is recommended to provide as it reduce your work.
CA, New Delhi
Its not necessary to share your passwords,its just done to avoid hardship to client ,But if client is well versed with the usage of website and ready to provide all the required documents well on time then we never ask for passwords.