Type of Audit in GST
By: – Sanjeev Singhal
Goods and Services Tax – GST
Dated:- 30-11-2017<\/p>\n
Audit word Speculate that what type of audit is inserted in CGST Act, 2017. Audit can be done by chartered Accountants\/ Cost Accountants or by Department itself.
\n * Audit by Chartered Accountants \/ Cost Accountants u\/s 35[5] of the CGST Act.
\n\tAudit by Department u\/s 65 of the CGST Act.
\n\tSpecial Audit by Chartered Accountants \/ Cost Accountants u\/s 66 of the CGST Act.
\nBefore I describe the various audit , it is necessary to understand the word audit which has been defined in Section 2[13] of the CGST Act,2017 which is as follows.
\n “Audit” means the examination of records, returns and other documents maintained or furnished by the r<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n orised by him on general or special order may exercise audit of any registered person for such a period. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n Chartered Accountant or Cost Accountants as nominated by commissioner. Intimation to RP shall be provided on Form ADT-03 of Rules 102 of CGST Rules, 2017. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Type of Audit in GSTBy: – Sanjeev SinghalGoods and Services Tax – GSTDated:- 30-11-2017 Audit word Speculate that what type of audit is inserted in CGST Act, 2017. Audit can be done by chartered Accountants\/ Cost Accountants or by Department itself. * Audit by Chartered Accountants \/ Cost Accountants u\/s 35[5] of the CGST Act. … Continue reading “Type of Audit in GST”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-9219","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/9219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9219"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/9219\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n\tPeriod of audit may be financial year or multiple thereof. Rule 101(1)
\n\tRegistered person shall be issued notice at least 15 working days before the start of audit as may be prescribed. Notice shall be issued on Form -GST ADT-01
\n\tAudit above shall be completed within period of 3 months from the start of the audit.
\n\tWhere the audit can not be completed within 15 days , commissioner may extend the same for further period not exceeding six months to complete the same for reason written in writing.
\n\tAuthorized officer during the course of audit may ask for necessary facility to verify the books of accounts.
\n\tAfter the conclusion of au<\/p>\n
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\n\tAuditor as mentioned above will provide report within 90 days, duly signed to concerned Asst. commissioner.
\n\tRegistered person shall be informed the finding of this report on Form- GST ADT 04. of Rule 102 (2) of CGST Rules.
\n\tThe assistant commissioner may extend this period of 90 days for further period of 90 days for reason in writing.
\n\tSpecial audit under section 66 shall have effect despite the registered person is being audited under provision of the Act or any other law for the time being in force.
\n\tThe expenses of audit and remuneration of special auditors shall be paid by t<\/p>\n
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