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

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....5/2023 dated 08.01.2023 of the Commissioner of State Tax 1. As per the G.O. refer red to above, the Government of Kerala has granted sanction to restructure the State Goods and Service Tax Department, including the establishment of 140 audit team. Further, the government also directed the Additional Commissioner (Audit) to conduct monthly audit monitoring committee meetings for each audit Joint Commissioner jurisdiction. 2. An audit is considered complete when the department finalizes an audit report that may include objections identified during the audit. However, prior to finalizing the objections, the initial objections raised by the audit team may be discussed by a committee of officers in a monthly or periodic meeting known as the &q....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....yer Services, and to the respective jurisdictional officers (Assistant Commissioner/State Tax Officer, Assistant State Tax Officer/Deputy State Tax Office, Taxpayer Services Circle) of the taxpayer. ii. The Zonal Joint Commissioner (Audit) shall promptly transmit the DAR to the Audit Headquarters via e-office or email within 3 working days upon receiving it from the Audit Division. The transmission should include any specific remarks, if applicable. iii. Upon receiving the D AR, the jurisdictional officer of the Taxpayer Services Circle shall carefully review the audit findings. iv. The Monitoring Committee Meeting (MCM), which is the meeting of the AMC, shall be organized every month by the Chairperson of the AMC, either physically o....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....y raise any objections they have against the audit findings. x. The MCM will verify the sustainability/applicability of the observations and legal provisions mentioned in the DAR during the audit period. Following discussions, the MCM will make decisions regarding the observations made by the audit team. xi. The MCM may identify certain additional areas that require further examination by the audit team before finalizing the audit paragraphs, if any. xii. The decision made by the MCM regarding the settlement of audit objections, including the recovery of all dues or dropping of unsustainable audit objections, shall be considered final. xiii. In the event of any disagreement among the members of the AMC regarding any audit findings, ....