https://www.taxtmi.com/manuals?id=7924 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. en-us Thu, 27 Mar 2025 12:24:00 +0530 Fri, 28 Mar 2025 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=7924 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. Manuals GST Thu, 27 Mar 2025 12:24:00 +0530 https://www.taxtmi.com/manuals?id=7924