Goods and Services Tax – GST – By: – Dr. Sanjiv Agarwal – Dated:- 23-12-2017 – There are specific provisions under GST laws on Scrutiny and Audit, both of which are different. There are fundamental differences in the three terms – reconciliation, scrutiny and audit. The scope of audit would include the first two which aid in conduct of audit. The purpose of preliminary scrutiny of returns includes: ensuring the completeness of the information furnished in the return, arithmetic correctness of the amount computed as tax and its timely payment, timely submission of the return and identification of non-filers and stop-filers. Scrutiny of documents viz. ledger accounts, returns of tax, compliances etc is nothing but a strong compliance verification procedure or mechanism. For example, in case of a return, the purpose of detailed scrutiny of returns is to ensure the correctness of the assessment made by the assessee. Such scrutiny plan only supplement the audit programme. It is expected th
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re found acceptable, then, no further action shall be taken against the assessee but where no explanation is furnished or the explanation furnished is not satisfactory within thirty days of being informed by the proper officer, the proper officer may initiate appropriate action against such taxable person. Notice of scrutiny of returns As per sub rule (1) of rule 99 of the GST Rules, 2017 where any return furnished by a registered person is selected for scrutiny, the proper officer shall scrutinize the same in accordance with the provisions of Section 61 with reference to the information available with him, and in case of any discrepancy, he shall issue a notice to the said person in FORM GST ASMT-10, informing him of such discrepancy and seeking his explanation thereto within such time, not exceeding thirty days from the date of service of the notice or such further period as may be permitted by him and also, where possible, quantifying the amount of tax, interest and any other amount
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all be to verify the correction of return; manner of scrutiny of return as prescribed under Rule 99 proper officer shall inform the taxable person (assessee) about the discrepancies noticed during the course of scrutiny; by such intimation, explanation is sought from the assessee; where explanation furnished by assessee is found acceptable, no further action shall be required and assessee be informed accordingly. Manner of dealing with discrepancies As per rule 99 of the GST Rules, 2017, discrepancies shall be dealt with as under: (a) The registered person may accept the discrepancy mentioned in the notice issued under sub-rule (1), and pay the tax, interest and any other amount arising from such discrepancy and inform the same or furnish an explanation for the discrepancy in FORM GST ASMT-11 to the proper officer. (b) Where the explanation furnished by the registered person or the information submitted under sub-rule (2) is found to be acceptable, the proper officer shall inform him a
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