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).

[Sadanand Bulbule]

The Budgetary Support Scheme (BSS) for reimbursement of IGST for promotion of Small/ Medium/ Large Scale Industries is part of Industrial Policy announced by some states.

Plz elaborate the query.

[KASTURI SETHI]

Dear Sir,

The query is in one line but the reply is very very lengthy. It is in the interest of the querist if he focuses on specific problem. 

[Shilpi Jain]

Ensure that you will be able to prove you have adhered to all the conditions of the scheme and followed all the relevant procedures to claim the benefit of the BSS.

That is what the audit party will focus on.

AI Summary

Budgetary support scheme compliance: ensure adherence to scheme conditions and procedures to validate IGST reimbursement claims. The Budgetary Support Scheme (BSS) provides IGST reimbursement as a state industrial promotion incentive. Audits will focus on whether claimants can demonstrate adherence to all scheme conditions and that they followed the relevant procedures, with verification of eligibility, claim processes, and supporting documentary proof to substantiate entitlement to reimbursement.