Audit Process under CGST Act, 2017: Section 65 and Rule 101 Focus on Compliance, Risk Areas, and Taxpayer Education.

Audit under the CGST Act, 2017 involves a detailed examination of records, returns, and documents maintained by a registered person to verify the accuracy of declared turnover, taxes paid, refunds claimed, and input tax credit availed, ensuring compliance with GST laws. The audit should be systematic, focusing on risk areas, using techniques based on materiality, and recording findings. It also aims to identify unexplored compliance parameters and educate taxpayers for voluntary compliance. The CGST Act, 2017 outlines two types of audits, primarily focusing on audits conducted by tax authorities as per section 65 and Rule 101.