https://www.taxtmi.com/forum/issue?id=118134 The primary basis for valuing purchase turnover and stock in a GST audit is the taxpayer's maintained books of account, which must be produced on demand; GSTR 2A is a facilitative report with limited reliability and cannot substitute for reconciliation with statutory accounts. If stock valuation or maintenance is governed by an applicable accounting standard, those records must be produced to the department when required. en-us Mon, 29 Aug 2022 08:48:22 +0530 Thu, 23 Jan 2025 15:54:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118134 The primary basis for valuing purchase turnover and stock in a GST audit is the taxpayer's maintained books of account, which must be produced on demand; GSTR 2A is a facilitative report with limited reliability and cannot substitute for reconciliation with statutory accounts. If stock valuation or maintenance is governed by an applicable accounting standard, those records must be produced to the department when required. Discussion-Forum GST Mon, 29 Aug 2022 08:48:22 +0530 https://www.taxtmi.com/forum/issue?id=118134