TMI BlogAnnual Revenue from GST and other Commercial Taxes — Measures to achieve revenue optimizationX X X X Extracts X X X X X X X X Extracts X X X X ..... d liabilities either by error, omission or by deliberate deception. This can better be achieved by Visit to the business premises of the Auditee to understand the establishment, business practices, methodical review of internal controls etc. Since, the Audit proceedings U/s 65 of the KGST Act, 2017, is a time bound process, in order to achieve the desired result of the Effective Audit expeditiously, the Audit officer or the team would be required to perform verification processes of the books of account and other documents at the office of the Auditee after desk review and assessment of Audit risks. Further, sub-section (2) of Section 65 of the KGST Act empowers the officer referred in Section 65(1) to conduct Audit at the premises of the registered person who is required to afford necessary facility to the Audit officer to verify the books of account and other documents in terms of sub-section (5) of Section 65 of KGST Act. Accordingly, in the interest of effective disposal of cases, the Audit officer or Audit team shall take up Visit Audit in all the Top taxpayers allotted cases and in all the high tax yielding cases which require physical visit to the taxpayers business premise ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ry month. (Annexures 1 and 2 appended hereto are for internal use of the respective DGSTOs). AMC shall engage in intensive interaction among themselves in their jurisdictions and across, to select risk parameters, themes, sectors, and risky tax- payers, devise action plans and strategies. Respective reviewing Adcoms of the DGSTOs shall monitor the AMC for better effective Audit outcomes. 5. Given the ubiquity of data in GST Prime/E-way bill analytics/GSTN BIFA and the information from Local Intelligence Network (Informants), their effective use could contribute enormously to overall organizational performance. The goal of the work programme set out here is to provide mechanism and measures that would help to develop a culture of continuous improvement and incremental progress in performance. The jurisdictional Joint Commissioners shall draw-up clear strategies, provide objectives and bench marks to the field officers and shall encourage sharing of information, initiatives, experiences and best practices and also facilitate an environment of effective GST Audit to improve compliance management systems. Performance Review of DGSTOs shall be taken up on the basis of parameters and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... RCM but not paid : (iv) Wrong claim of ITC : (v) Reversal of ITC not made : (Specify in brief) (vi) Excess refund claimed : (specify brief findings) (vii) Similarly add rows, if required 12. Particulars Integrated tax with POS Central Tax State Tax Cess (a) Total amount of tax involved for the discrepancy found (In Rs.) : (b) Tax paid during audit : Tax dues (12a - 12b) : 13. (a) Total interest payable : ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (in Rs.) Demand created u/s 73/74 : (in Rs.) Reduction/enhancement in demand : (in Rs.) Reasons for reduction in demand : 9. List of discrepancies made upon adjudication : (in brief) Revenue implication (Rs.) Whether admitted by TP (Yes/No) If yes, amount realized, Act-wise (Rs.) i. Rate difference (wrong HSN/SAC) in brief : ii. Supply not disclosed in returns : (Separate row may be used for each type of such non-disclosure) iii. Tax was payable under RCM but not paid : iv. Wrong claim of ITC : v. Reversal of ITC not made : (Specify in brief) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... DCCT/ACCT/CTO DGSTO - _______ ANNEXURE-3 MINUTES OF AMC MEETING (To be maintained at DGSTO) Sl. No Name and Designation of the Officer No. of Audit cases discussed Audit Observations Discussed : Audit Observations settled (Taxes Paid) Audit Observat-ions Sustained: Audit Observations for Re- Examination/ Deferred No. Reve-nue Invol-ved Reven-ue realised No. Reven-ue Invol-ved No. Reven-ue Invol-ved No. Reve-nue Invol-ved ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2020-21 : 2021-22 : 2022-23 : 3. No. of Audit cases completed : 4. Status of Completed Cases : (a) No. of Cases with No liability detected : (Reasons in brief with case-wise report in such cases shall be enclosed) (b) No. of Cases fully collected : (c) No. of Cases with partial payment : (d) No. of Cases with zero payment : 5. No. of cases pending : Pending for less than 3 months Pending for 3-6 months Pending for 6-12 months Pending for more than one year 2017-18 : 2018-19 : 2019-20 : ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Liability detected in ADT-2 Demand Created U/s 73/74 vis-a- vis Audit to Adjudication Cases Demand Created in Direct Adjudication Cases Total Demand Created u/s 73/74 Cases with No demand creation/Dropped : Cases fully collected : Cases with partial payment : Cases with zero payment : Total 5. ADT-2 demand reduced in 73/74 : No. of Cases Liability detected in ADT-2 Demand Created u/s 73/74 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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