GST Audit by Tax Authorities: How to act proactively & best approach to handle the audit

Section 65 of the CGST/SGST Act empowers the tax authorities to conduct the audit under GST Law. GST Department has started to knock on the doors of the Assessees and have started to serve the notices to conduct GST Audit.

Now, it is time to awake on time and rectify the mistakes/ errors and correct the stands taken under GST Law prior to audit by GST department, specially where Assesses have not noticed errors due to non-filing of Annual Returns or non-applicability of GST Audit to be conducted by CA/CMA.

It is good time to review the stands taken by the organisation during implementation of GST and compliances done under GST Law prior to knocking on the doors by GST Department for Departmental Audit. From our experience we can say that these reviews may also turn into huge tax savings to the organisation.

Arise! Awake! and not stop until the Goal is reached – Swami Vivekanand 

Mr. Pawan Arora and Mr. Anubhav Gupta in their Article have deliberated on the following points:

1. 10 Key Points – To be considered during GST Audit by Tax Authorities

2.Documents which are generally sought by the Department

3. Provisions under GST Law for GST Audit

 

Article titled “GST Audit by Tax Authorities: How to act proactively & best approach to handle the audit” as published on Tax Management India is attached below.

GST Law India is a blog on GST and allied commercial laws managed by members of the law firm ALA Legal.

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