<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>KSGST Act, 2017- Procedure to be followed by the Audit Monitoring Committee (AMC) for completing the Audit procedure under section 65 of the KSGST Act, 2017- Instructions</title>
    <link>https://www.taxtmi.com/circulars?id=67050</link>
    <description>Prescribes that after verification the Audit Division shall prepare a Draft Audit Report (DAR) recording observations, legal provisions and revenue impact and circulate it to zonal, jurisdictional and taxpayer-service officers within specified short timelines. The DAR is forwarded to Audit Headquarters, reviewed by taxpayer services, and deliberated in a monthly Audit Monitoring Committee (AMC) chaired by the Additional Commissioner (Audit). The AMC will assess sustainability of observations, direct further examination if required, and its decisions on settlement of audit objections are final. Minutes must be circulated within seven working days, after which the Deputy Commissioner finalizes the Final Audit Report (FAR) and serves it in FORM GST ADT-02 on the common portal.</description>
    <language>en-us</language>
    <pubDate>Thu, 22 Jun 2023 00:00:00 +0530</pubDate>
    <lastBuildDate>Mon, 25 Dec 2023 17:52:00 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=736770" rel="self" type="application/rss+xml"/>
    <item>
      <title>KSGST Act, 2017- Procedure to be followed by the Audit Monitoring Committee (AMC) for completing the Audit procedure under section 65 of the KSGST Act, 2017- Instructions</title>
      <link>https://www.taxtmi.com/circulars?id=67050</link>
      <description>Prescribes that after verification the Audit Division shall prepare a Draft Audit Report (DAR) recording observations, legal provisions and revenue impact and circulate it to zonal, jurisdictional and taxpayer-service officers within specified short timelines. The DAR is forwarded to Audit Headquarters, reviewed by taxpayer services, and deliberated in a monthly Audit Monitoring Committee (AMC) chaired by the Additional Commissioner (Audit). The AMC will assess sustainability of observations, direct further examination if required, and its decisions on settlement of audit objections are final. Minutes must be circulated within seven working days, after which the Deputy Commissioner finalizes the Final Audit Report (FAR) and serves it in FORM GST ADT-02 on the common portal.</description>
      <category>Circulars</category>
      <law>GST - States</law>
      <pubDate>Thu, 22 Jun 2023 00:00:00 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/circulars?id=67050</guid>
    </item>
  </channel>
</rss>