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Walk Through

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1 views

Walk Through

Uploaded by

auditg4lko
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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WALK THROUGH: Flow chart showing movement of transactions; same route can be followed for walk

through process. (Consider only such part of flow chart as applicable in case the supplier being
manufacturer or directly supplying goods procured as such)

I. Purchases

Vendor Development / Supplier identification

Quantification of requirements - Technical literature Tender Document

Tender Document

Hire purchase -- Leasing agreements – Project reports

Purchase Order (Register of purchase Order)

Credit notes - Vouchers - Cheque book – Bills payable

Debit notes (for purchase return)

Purchase book

Purchase Return Book

Waste Register

II - INPUT TAX CREDIT

Gate Register

Weighment register/slips

Material receipt -- Loss in Transit /Rejects

Lab tests ---- Rejects/ return / debit note

Return of reject / rejected inputs – Tax Invoice/ debit note

inward supplies Leased.


inward supplies written off –

Capital goods --- fixed Asset register – Depreciation

I.T. return

Annual report -- Fixed Asset schedules / Depreciation schedules

Credit notes from suppliers

Tax Invoices for supply of inputs as Outward supplies (as such) / transfer ‘assets’

III Costing.

cost audit report – cost register – Process chart

Trial balance

Balance sheet and P & L account / Annual report

IV Price determination (Transaction Value)

Invoices

Debit notes

Other income in Annual Report

Debtors Ledger / Creditors Ledger

Cost Audit Report

Register for inter Corporate Loan

Register of advances

Dealer’s agreement / Consignment agents / C& F agents agreement


RBI approval for payment of Royalty

Bill of Entry Register

Bank reconciliation statement / Bank statement

Marketing files / Sales performance charts

Debit notes

Purchase order placed by buyers / sale contract

Fixed assets in custody of finance given by buyer

V. Classification (where applicable)

Research Development --- Product Development – Product lab

Responsibility for verification of tax liability

Intimation ---- Inter office Memo

Marketing documents including literature.

VI. Outward supply

Tender files

Outward supplies/ sales order Book -- Scrap Register

Marketing files

Price lists

Dealers agreement -- Distributor consignment Agents C & F Agents Agreements


Delivery note – Invoices

Despatch advice

Invoices register

VII. Outward supply return

outward supply return book Bank Reconciliation Statement

Non moving stock register

Credit notes --- Job card / work order

Debit notes

IX Non Taxable items

Name of the Non-taxable item

ITC availment

Reversal of ITC

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