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    Ramesh Temkar
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    This document discusses the different types of assessments and audits under the GST system in India. It outlines 6 types of assessments: self-assessment, provisional assessment, scrutiny of returns, best judgment assessment, assessment of non-filers, and summary assessment. The document also describes the 2 types of audits under GST: departmental audit and special audit. Departmental audits are conducted by the GST department to examine tax records and must be completed within 3 months, while special audits are carried out by chartered accountants within the same 3 month timeframe.

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    This document discusses the different types of assessments and audits under the GST system in India. It outlines 6 types of assessments: self-assessment, provisional assessment, scrutiny of returns, best judgment assessment, assessment of non-filers, and summary assessment. The document also describes the 2 types of audits under GST: departmental audit and special audit. Departmental audits are conducted by the GST department to examine tax records and must be completed within 3 months, while special audits are carried out by chartered accountants within the same 3 month timeframe.

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    © All Rights Reserved
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    9 views13 pages

    Assesments and Audits

    Uploaded by

    Ramesh Temkar
    This document discusses the different types of assessments and audits under the GST system in India. It outlines 6 types of assessments: self-assessment, provisional assessment, scrutiny of returns, best judgment assessment, assessment of non-filers, and summary assessment. The document also describes the 2 types of audits under GST: departmental audit and special audit. Departmental audits are conducted by the GST department to examine tax records and must be completed within 3 months, while special audits are carried out by chartered accountants within the same 3 month timeframe.

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    of 13

    R J Thakur College of Arts and Commerce

    WELCOME
    ASSESMENTS
    AND AUDITS
    Presented by Ganesh, Sameer, Sonali, Pooja and Rutik
    Introduction
    Assessment :- Assessment under GST is a process by which the tax
    authorities examine the returns filed by taxpayers to verify the correctness
    of their tax liability. The purpose of assessment is to ensure that taxpayers
    have accurately calculated and paid their taxes. Assessment is an
    important tool to detect any errors or discrepancies in the returns filed by
    taxpayers. There are total 6 types of Assessment.

    Audit :- “Audit” has been defined in section 2(13) of the CGST Act, 2017 and
    it means the examination of records, returns and other documents
    maintained by the registered person under the GST for the time being in
    force to verify the correctness of turnover declared, taxes paid, refund
    claimed and input tax credit availed. There are total 2 types of Audit.
    * Types of Assessment *
    Self Assessment
    Section 59
    This is the first level of assessment, which is done by the taxpayers
    themselves. In self-assessment, the taxpayer calculates and pays
    their own tax liability, and files the returns accordingly. This is done
    on a monthly, quarterly or annual basis, depending on the turnover
    of the taxpayer.
    Provisional Assessment
    Section 60

    When Registered Dealer can not Make self Assessment, He will


    Approach the GST office for making Provisional Assessment. The
    GST Department will make provisional Assessment within 90 day
    After Receiving the Request.
    Scrutiny of Returns
    Section 61
    Scrutiny of Returns is done by the tax authorities to verify the
    correctness of the returns filed by taxpayers. This is applicable
    for only registered persons and not to unregistered persons . The
    tax authorities can issue a notice to the taxpayer, asking them to
    provide additional information or documents to support their
    returns. The tax authorities can also conduct an audit of the
    taxpayer’s records.
    Best Judgment
    Assessment(BJA)
    Section 62

    When the Dealer fails to provide Required Information


    to the GST officer, then the officer will Make
    Assessment to the Best of his Judgment, on the basis of
    Available Information. If the Dealer files valid return
    within 30 Days then the Best Judgment Assessment
    order can be withdrawn or Cancelled,
    Assessment of Non filers
    /unregistered person
    Section 63
    When a person fails to take Registration or does not file GST
    Return then GST officer will make assessment of such
    Dealer without giving any Notice to him. Such Assessment
    order can not be cancelled
    Summary Assessment
    Section 64

    Summary assessment is done in certain special cases, such as when the


    GST officer has limited time to complete the Assessment, then He make
    Summary Assessment Based on available Records
    * Types of Audit *
    Departmental Audit
    Section 65

    This Audit is conducted by GST Department and must be completed


    within 3 months from the date of Notice. Additional 3 Months are given
    if there is Necessity.
    GST Departmental Audit is the process of examining a taxable
    person’s records, returns, and other documentation.
    Special Audit
    Section 66

    The special audit will be carried out by a chartered accountant It


    Must be completed within 3 Months (90 days) and Report Must
    be submitted by the Chartered accountant to the to GST officer.
    Under exceptional case the time limit is extended to another 3
    Months (90 days)
    conclusion
    ❖ Taxpayers are responsible for preparing their GST returns and
    paying their own taxes, and the authorities have the right to make
    a variety of assessments to verify compliance

    ❖ Assessment can be make in different types in different conditions.

    ❖ Audit report must be submitted within 3 months from the date of


    notice.

    ❖ Under some exceptional cases the time limit is extended to


    another 3 Months
    THANK YOU

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