GST audit process requires risk based selection, documented verification, committee review and formal finalisation with follow up compliance actions. The GST audit process prescribes a uniform, risk based system: creation of audit teams; selection of taxpayers via calibrated risk parameters, random sampling and local picks; advance intimation and desk review of departmental and third party data; preparation and approval of an audit plan; systematic verification with documentary and legal support; preparation of a Draft Audit Report for a Monitoring Committee Meeting; and finalisation and communication of the Final Audit Report, followed by follow up actions including issuance of Show Cause Notices and recovery measures.
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GST audit process requires risk based selection, documented verification, committee review and formal finalisation with follow up compliance actions.
The GST audit process prescribes a uniform, risk based system: creation of audit teams; selection of taxpayers via calibrated risk parameters, random sampling and local picks; advance intimation and desk review of departmental and third party data; preparation and approval of an audit plan; systematic verification with documentary and legal support; preparation of a Draft Audit Report for a Monitoring Committee Meeting; and finalisation and communication of the Final Audit Report, followed by follow up actions including issuance of Show Cause Notices and recovery measures.
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