Desk review of GST records identifies ITC and return discrepancies to prioritise targeted audit verification. The manual requires a desk review to gather and scrutinise taxpayer information, financial statements and audit reports to prepare a targeted GST audit plan. It mandates testing all receipts for GST liability, reconciling ITC between returns and third party data, analysing exports and exemptions, and computing financial ratios and trends to identify areas for verification. Revenue Risk Analysis methods and cost accounting records, where applicable, should inform selection of audit points and be documented in working papers.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Desk review of GST records identifies ITC and return discrepancies to prioritise targeted audit verification.
The manual requires a desk review to gather and scrutinise taxpayer information, financial statements and audit reports to prepare a targeted GST audit plan. It mandates testing all receipts for GST liability, reconciling ITC between returns and third party data, analysing exports and exemptions, and computing financial ratios and trends to identify areas for verification. Revenue Risk Analysis methods and cost accounting records, where applicable, should inform selection of audit points and be documented in working papers.
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