Goods and Services Tax – GST – By: – Mr. M. GOVINDARAJAN – Dated:- 3-2-2017 Last Replied Date:- 3-2-2017 – A taxable person is required to furnish proper explanation to the officer in case any discrepancy is detected in the return filed under model GST law ( law for short). Such information is required to be furnished within 30 days of being informed. Such date may be extended further by the officer if sufficient cause is shown. If a taxable person does not furnish the required information within the time specified or does not take corrective action within a reasonable period after accepting the discrepancies, the Proper Officer may take recourse to any of the following provisions- To proceed to conduct audit under Section 63 of the law; To direct the conduct of a special audit under Section 64 which is to be conducted by a Chartered Accountant or a Cost Accountant nominated for this purpose by the Commissioner; or To undertake procedures of inspection, search and seizure under Sectio
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udit is required to be completed within three months from the date of commencement of audit. If the audit cannot be completed within three months from the date of commencement of audit the Commissioner may, if he is satisfied, extend the period of audit for a further period not exceeding six months. The reasons for such extensions shall be reduced in writing. The term commencement of audit is important because audit has to be completed within a given time frame in reference to the date of commencement. Commencement of audit means the later of the following- the date on which the records/accounts called for by the audit authorities are made available to them, or the actual institution of audit at the place of business of the taxpayer. Section 63(5) provides that during the course of audit, the authorized officer may require the taxable person to afford him the necessary facility to verify the books of account or other documents as he may require and which may be available at such place
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k of Deputy/Assistant Commissioner, having regard to the nature and complexity of the case and the interest of the revenue, is of the opinion that the value has not been correctly declared or the credit availed is not within the normal limits, he may, with the prior approval of the Commissioner, direct such taxable person by notice in writing to get his records including books of account examined and audited. The special audit shall be carried out by a Chartered Accountant or the Cost Accountant nominated by the Commissioner. Section 64 (2) provides that the Chartered Accountant or Cost Accountant shall within the period of 90 days, submit a report of such audit duly signed and certified by him to the Deputy/Assistant Commissioner mentioning therein such other particulars as may be specified. The proper officer may extend the time limit of special audit by another ninety days on the application of the Chartered Accountant or Cost Accountant on behalf of the taxable person or for any ma
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