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TMI BlogSpecial Audit in GSTX X X X Extracts X X X X X X X X Extracts X X X X ..... n place a robust audit mechanism to measure and ensure compliance of the provisions of law by the taxable person. 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 or furnished by the registered person under the GST Acts or the rules made thereunder or under any other law for the time being in force to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... such manner as may be prescribed. The third type of audit is called the Special Audit. In Special Audit the registered person can be directed to get his records including books of account examined and audited by a chartered accountant or a cost accountant during any stage of scrutiny, inquiry, investigation or any other proceedings; depending upon the complexity of the case. Procedure : ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ted has to submit a report of such audit within the period of ninety days, duly signed and certified by him to the Assistant Commissioner. On an application made by the registered person or the chartered accountant or cost accountant or for any material and sufficient reason, the Assistant Commissioner can extend the said period by a further period of ninety days. The provisions of special a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tax not paid or short paid or erroneously refunded, or input tax credit wrongly availed or utilised, the process of demand and recovery will be initiated against the registered person. Conclusion : Special audit provides a lawful and legal way for the GST officers to take the assistance of a chartered accountant or cost accountant to determine tax liabilities in complex cases. The profes ..... X X X X Extracts X X X X X X X X Extracts X X X X
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