Area to be specially focused at the time of audit of Budgetary Support Scheme

[PANKAJ MASKARA]

What are the special areas, points, issues to be specially focused at the time of audit of Budgetary Support Scheme (BSS).

AI Summary

Audit Focus on Budgetary Support Scheme Under GST: Compliance and Reimbursement Issues Highlighted for Industrial Policy. A discussion on the audit of the Budgetary Support Scheme (BSS) under the Goods and Services Tax (GST) highlighted areas of focus. The BSS, part of some states' Industrial Policy, reimburses IGST to promote various scale industries. One response advised elaborating on specific issues, while another emphasized the need to demonstrate compliance with all scheme conditions and procedures, as these are key audit focus areas. The discussion aimed to clarify the audit process for ensuring proper adherence to the scheme's requirements.