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of <h1>Section 49 of Model GST Law: Tax Authorities' Audit Process, Notice Period, and Potential Actions on Discrepancies Found.</h1> Section 49 of the Model GST Law outlines the audit process by tax authorities. The Commissioner of CGST/SGST or an authorized officer can audit a taxable person's business transactions as prescribed. The audit may occur at the business premises or the tax office, with at least fifteen working days' notice. It must be completed within three months, extendable by six months if necessary. The taxable person must facilitate the audit by providing access to records and necessary information. Upon completion, the findings and implications are communicated. If discrepancies are found, further action may be taken under Section 51.
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