Provisions of CGST Act, 2017 for Audit

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....ments - maintained / furnished by a registered person, under GST law/any other law or rules; (b) For verification of correctness of - (i) turnover declared; (ii) taxes paid; (iii) refund claimed; (iv) input tax credit availed; and (v) assessment of compliances with provisions of GST law and rules. Thus, GST audit is not only for reconciliation of tax liability and payment thereof but, it also encompasses the verification of compliance of the provisions of the GST Acts, laws etc. by a registered person. Relevant Statutory Provisions: A) General Audit: Audit by tax authorities Sec. 65 of CGST Act, 2017: (1) The Commissioner or any officer authorized by him, by way of a general or a specific order, may undertake audit of any....

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....registered person, whose records are audited, about the findings, his rights and obligations and the reasons for such findings. (7) Where the audit conducted under sub-section (1) results in detection of tax not paid or short paid or erroneously refunded, or input tax credit wrongly availed or utilised, the proper officer may initiate action under section 73 or section 74. C) Provision for access to business premises and records of taxpayer for Audit: Sec. 71 of CGST Act, 2017 (1) Any officer under this Act, authorized by the proper officer not below the rank of Joint Commissioner, shall have access to any place of business of a registered person to inspect books of account, documents, computers, computer programs, computer software whe....

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.... year or part thereof or multiples thereof. (2) : Where it is decided to undertake the audit of a registered person in accordance with the provisions of section 65, the proper officer shall issue a notice in FORM GST ADT-01 in accordance with the provisions of sub- section (3) of the said section. (3) : The proper officer authorised to conduct audit of the records and the books of account of the registered person shall, with the assistance of the team of officers and officials accompanying him, verify the documents on the basis of which the books of account are maintained and the returns and statements furnished under the provisions of the Act and the rules made thereunder, the correctness of the turnover, exemptions and deductions clai....