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GST Audit for 6 Financial Years, Goods and Services Tax - GST |
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GST Audit for 6 Financial Years |
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Hi Experts I have two questions I have been issued GST Audit notice for my concern from FY 2018-2019 to FY 2023-24 with GST ADT-01 dated 25.03.2025 1.How many years can the GST Department raise these notices/ audits as the notice itself dates back to FY 2018-19. Is there a time limit on the same? 2. If in the course of Audit, i am supposed to pay some amount with interest /penalty, now that the Amnesty Scheme is over, what are the remedies available with respect to Interest and Penalty portion? Thank you for your replies in Advance Posts / Replies Showing Replies 1 to 5 of 5 Records Page: 1
Is this notice issued under Section 74 of the CGST Act ?
The Audit notice is issued as per the provisions of Section 65 of the Act. In my understanding after the audit, the officer will then issue the demand notice under the relevant provisions in the Audit report
(1) Audit can be conducted at any time. There is no such restriction. Time limit is only for issuance of SCN and that limitation has been prescribed under Sections 73 and 74. (2) It is not necessary that every audit results in issuance of the SCN. I have seen so many Final Audit Reports where no audit objection was raised. Remedy is sought for only when any problem arises. No need to worry about what has not happened.
1. There is no time limit fixed for initiating audit. 2. Your liability will depend on the nature of demand. There are time limits specified for demand under section 73 and 74. However, in case of self assessed tax and/or interest, the Department can initiate recovery under 79 rws 75. In case of such self assessed tax and/or interest, the amnesty scheme benefit is also debatable. Similarly, section 76 also has to be considered, where Department can recover any amount collected by a person as tax but not remitted the same. There is no time limit prescribed for this provision also.
There is significant sense in the experts' reply. Page: 1 |
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