Goods and Services Tax (GST) Departmental Audit is the process of examining a taxable person’s records, returns, and other documentation compliance with the GST regulations, said M.R.R. Reddy, Principal Additional Director General – Director General GST Intelligence, Visakhapatnam Zone.
Addressing a seminar on on GST Department Audit and Enforcement, organised by CII Visakhapatnam here on Friday, Mr. Reddy said that better understanding of GST law helps in preventing many litigations in the preliminary stage itself.
“As per Section 65 and Rule 101(3) of GST Audit Rules, the Commissioner or an officer authorised by him can conduct a GST audit to verify the details of the ‘records’ and the ‘books of account’ of the registered person,” Mr. Reddy said.
The authorised officer shall inform the findings, rights and obligations, and the reasons for the given findings to the registered person, within a period of 30 days in Form GST Adt-02. If the registered taxpayer is found at fault, such as wrongly availed/utilised ITC, the authorised officer can proceed as per Section 73 or 74 of GST Audit Rules, he added.
“If taxpayers are facing any genuine issues with the Department, I am advising them to bring it to my notice for resolution,” Mr. Reddy said.
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