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Standardised PPT On GST: GST & Indirect Taxes Committee The Institute of Chartered Accountants of India
Standardised PPT On GST: GST & Indirect Taxes Committee The Institute of Chartered Accountants of India
The information cited in this presentation has been drawn from various sources. While every
efforts have been made to keep the information cited in this presentation error free, the Institute or
any office do not take the responsibility for any typographical or clerical error which may have
crept in while compiling the information provided in this presentation. Further, the information
provided in this presentation are subject to the provisions contained under different acts and
members are advised to refer to those relevant provision also. For clarifications write to us at
[email protected]
© The Institute of Chartered Accountants of India
This standardised PPT may be used by any person with due
acknowledgement to the GST & Indirect Taxes Committee of ICAI.
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to assess his compliance with the provisions of this Act or the rules
made thereunder.
© GST & Indirect Taxes Committee, ICAI
Kinds of Audits under GST 5
Audit by tax
Special Audit
authorities
Annual Audit by
CAG Audit
CA / CWA
Actual institution of
audit at place of business
Proceeding must be pending before any officer not below the rank of Assistant
Commissioner;
Nature and complexity of the case and interest of revenue to be considered;
Opinion : Correct value not declared or ITC claimed not within normal limits;
Prior approval of the Commissioner of CGST / SGST;
Direct registered person to get his records and books of accounts audited
[Form GST ADT-03];
Audit to be done by CA / Cost Accountant nominated by the Commissioner;
Audit Report is to be submitted within 90 days (can be extended by further 90
days by Assistant Commissioner);
Opportunity of hearing is to be given to registered person and further action
taken by proper officer;
The CAG of India in any case have the power to inspect the accounts of
Government or tax authority by virtue of powers vested in it by the CAG
Act.
© GST & Indirect Taxes Committee, ICAI
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Thank You
For any Clarification, Please Contact
GST & Indirect Taxes Committee of ICAI
Email: [email protected] Website: https://idtc.icai.org/