TaxTMI 
TaxTMI 
GST Audit for 6 Financial Years
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....ST Audit for 6 Financial Years<br> Query (Issue) Started By: - VAISHACH RAJASEKAR Dated:- 1-4-2025 Last Reply Date:- 1-10-2025 Goods and Services Tax - GST<br>Got 8 Replies<br>GST<br>Hi Experts I have two questions I have been issued GST Audit notice for my concern from FY 2018-2019 to FY 2023-24 with GST ADT-01 dated 25.03.2025 1.How many years can the GST Department raise these notices/ audi....
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....ts as the notice itself dates back to FY 2018-19. Is there a time limit on the same? 2. If in the course of Audit, i am supposed to pay some amount with interest /penalty, now that the Amnesty Scheme is over, what are the remedies available with respect to Interest and Penalty portion? Thank you for your replies in Advance Reply By Sadanand Bulbule: The Reply: Is this notice issued under Sect....
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....ion 74 of the CGST Act ? Reply By VAISHACH RAJASEKAR: The Reply: The Audit notice is issued as per the provisions of Section 65 of the Act. In my understanding after the audit, the officer will then issue the demand notice under the relevant provisions in the Audit report Reply By KASTURI SETHI: The Reply: (1) Audit can be conducted at any time. There is no such restriction. Time limit ....
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....is only for issuance of SCN and that limitation has been prescribed under Sections 73 and 74. (2) It is not necessary that every audit results in issuance of the SCN. I have seen so many Final Audit Reports where no audit objection was raised. Remedy is sought for only when any problem arises. No need to worry about what has not happened. Reply By Padmanathan KV: The Reply: 1....
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..... There is no time limit fixed for initiating audit. 2. Your liability will depend on the nature of demand. There are time limits specified for demand under section 73 and 74. However, in case of self assessed tax and/or interest, the Department can initiate recovery under 79 rws 75. In case of such self assessed tax and/or interest, the amnesty scheme benefit is also debatable. Similarly, ....
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....section 76 also has to be considered, where Department can recover any amount collected by a person as tax but not remitted the same. There is no time limit prescribed for this provision also. Reply By Sadanand Bulbule: The Reply: There is significant sense in the experts' reply. Reply By VAISHACH RAJASEKAR: The Reply: Thank you for your responses experts. Highly appreciate it Reply....
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.... By Birendra Yadav: The Reply: Hi Experts I have two questions I have been issued GST Audit notice provision of section 65 of the CGST Act 2017 from FY 2018-2019 to FY 2023-24 with GST ADT-01 dated 22.05.2025 1.How many years can the GST Department raise these notices/ audits as the notice itself dates back to FY 2018-19. Is there a time limit on the same? 2. If in the course of Aud....
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....it, i am supposed to pay some amount with interest /penalty, now that the Amnesty Scheme is over, what are the remedies available with respect to Interest and Penalty portion? 3. What is the time bar for GST audit is am I liable to pay GST/Interest/Penalty if any arises for FY 2018-19 to 2019-20. Thank you for your replies in Advance Reply By Sadanand Bulbule: The Reply: * Section 65 of CGST....
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.... Act, 2017 empowers the department to conduct audit of records of any registered person. * The law does not prescribe a fixed "look-back period" for audit initiation. * However, any demand flowing from the audit must be raised by way of a Show Cause Notice (SCN) under Section 73 or Section 74 of the Act. * Limitation for raising SCN/demands: * Section 73(10)? 3 years from the due date of a....
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....nnual return for the relevant FY (for cases not involving fraud, willful misstatement, suppression). * Section 74(10)? 5 years from the due date of annual return (for fraud, willful misstatement, suppression). * So while audit itself can cover earlier years, recovery/demand is time-barred beyond these limits.<br> Discussion Forum - Knowledge Sharing ....