Risk-based audit selection prioritizes audits of higher revenue-risk registered persons to allocate limited audit resources efficiently. Selection of registered persons for audit under GST must prioritise units posing greater revenue risk, using a scientific risk assessment that ranks taxpayers by a quantitative risk parameter. Audit deployment and scheduling should follow this risk ranking and be adjusted to the availability of administrative resources to concentrate effort on less compliant or higher-risk registered persons.
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Provisions expressly mentioned in the judgment/order text.
Risk-based audit selection prioritizes audits of higher revenue-risk registered persons to allocate limited audit resources efficiently.
Selection of registered persons for audit under GST must prioritise units posing greater revenue risk, using a scientific risk assessment that ranks taxpayers by a quantitative risk parameter. Audit deployment and scheduling should follow this risk ranking and be adjusted to the availability of administrative resources to concentrate effort on less compliant or higher-risk registered persons.
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