9911796707
TMI BlogAudit by tax authorities Section 65X X X X Extracts X X X X X X X X Extracts X X X X ..... es a detail explanation in relation to the notices, the demand and recovery provisions (cases where a registered taxable person has not paid/short paid the taxes and/or has failed to file required returns). Types of Audit under GST There are three types of audit prescribed under CGST Act, 2017 In the First type of audit (as per section 35 of CGST Act ) is by a Chartered accountant or Cost accounta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntant or cost accountant during any stage of scrutiny, inquiry, investigation or any other proceeding, depending upon the complexity of the case. Who may conduct Audit [ section 65 of CGST Act Rule 101 of CGST Rules ] Audit of any registered person may be under taken by The Commissioner or any officer authorised by him, by way of a general or a specific order Audit may be carried out by the place ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the period by a further period not exceeding six months. Explanation . For the purposes of section 65(5) , the expression commencement of audit shall mean the date on which the records and other documents, called for by the tax authorities, are made available by the registered person or the actual institution of audit at the place of business, whichever is later. How to conduct audit [ Section 65 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the necessary facility to verify the books of account or other documents as he may require; to furnish such information as he may require and render assistance for timely completion of the audit. Finalization of audit Inform the discrepancies noticed during the audit :- The proper officer may inform the registered person of the discrepancies noticed, if any, as observed in the audit and the said ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
