Audit Under Goods and Service Tax (GST)
Audit Under Goods and Service Tax (GST)
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What is Audit?
The correctness of turnover declared, taxes paid, refund claimed and input tax
credit availed; and
To assess his compliance with the provisions of this Act or the rules made
thereunder.
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Audit of any registered person for a particular period, at particular frequency and in particular manner;
Notice to registered person at least 15 working days prior to audit [Form GST ADT-01];
Result of audit to be intimated within 30 days [Form GST ADT-02] and further action will be taken.
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Special Audit
Proceedings must be pending before Asst. Commissioner or any officer above his rank;
Opinion : Correct value not declared and / or ITC claimed not within normal limits;
Direct registered person to get his records and books of a/c audited [Form GST ADT-03];
Opportunity of hearing given to registered person and further action taken by proper officer;
Annual Audit
Audited Report and Audited Annual Accounts to be submitted along with annual return on or before 31st
December following the end of financial year.
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CAG Audit
The Comptroller and Auditor-General of India shall have the power to inspect the
accounts of such Government or authority by virtue of powers vested in it by other law.
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Thank You