TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>GST Refunds Require Review; Post-audit Waived for Smaller Refunds; Pre-audit for Larger Claims Over 1 Crore Suggested.</h1> Every sanctioned GST refund must undergo a review by higher authorities to ensure accuracy. Once sanctioned, the refund and supporting documents are transferred electronically and manually for review. Post-audit of refunds may be waived for refunds up to 1 lakh for regular taxpayers and 2 lakhs for specific categories. For refunds exceeding a certain amount, pre-audit may be required, with a recommended threshold of 1 crore. The GST Law should include provisions for either a review or audit process, with defined timelines to ensure audit quality. The GST Law Drafting Committee is advised to incorporate these procedures.
TaxTMI 
TaxTMI 
