Exploring Audit Objectives Under CGST Act 2017: Ensuring Accurate Tax Compliance Via Sections 65, 66, and Rules 101, 102

The chapter discusses the objectives and principles of audits under the CGST Act, 2017, focusing on taxpayer compliance with GST laws. Audits assess the accuracy of taxpayer declarations and the credibility of the declared tax liabilities. They involve systematic examination of financial records to ensure compliance and financial management. Effective audits can uncover under-declared liabilities due to omissions, errors, or deception, supporting voluntary compliance and timely tax collection. Relevant provisions include Section 65 and 66 for audits by tax authorities and special audits, and Rules 101 and 102 for audit procedures, along with Section 71 for access to business premises.