Input Tax Credit compliance guides audits to verify invoicing, returns, valuation and place of supply adherence under GST Audit focuses on verifying statutory invoicing and documentation, reconciling outward supplies in returns with sales records, and validating Input Tax Credit by ensuring possession of invoices, compliance with exclusion and reversal rules, adherence to payment within 180 days and time limit provisions, and checking TRAN 1/TRAN 2 claims. It further requires valuation checks (time of supply, discounts, related party valuation, debit/credit note support), correct place of supply treatment for IGST, physical stock verification, and cross checks between GST returns and financial accounts to detect suppression or misreporting.
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.
Input Tax Credit compliance guides audits to verify invoicing, returns, valuation and place of supply adherence under GST
Audit focuses on verifying statutory invoicing and documentation, reconciling outward supplies in returns with sales records, and validating Input Tax Credit by ensuring possession of invoices, compliance with exclusion and reversal rules, adherence to payment within 180 days and time limit provisions, and checking TRAN 1/TRAN 2 claims. It further requires valuation checks (time of supply, discounts, related party valuation, debit/credit note support), correct place of supply treatment for IGST, physical stock verification, and cross checks between GST returns and financial accounts to detect suppression or misreporting.
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