Can GST Practitioners conduct GST Audit?
- Blog|GST & Customs|
- 3 Min Read
- By Taxmann
- Last Updated on 10 November, 2022
- File GST returns of the taxpayers including the summary return i.e. GSTR-3B.
- Make payments of the taxes in Electronic Cash Ledger.
- File a claim for the refund
- Apply for amendment in the GST certificate
- Apply for the cancellation of GST certificate
- Generate E-way Bill
- Switch to Composition scheme or vice-versa.
- Furnish details of challan in FORM GST ITC-04 i.e. a form for claiming the input tax credit available previously for future utilisation in case such input ceases to become available.
General Applicability of GST Audit on the basis of turnover
Every registered person whose aggregate turnover exceeds the prescribed limit of Rs. 2 crores during the financial year is required to get his books audited by the Chartered Accountant or Cost Accountant and file a statement of reconciliation and certificate in FORM GSTR-9C along with the annual GST return in FORM GSTR-9 on or before 31st December of the subsequent Financial Year.
Audit by Tax Authorities
Commissioner or any officer authorized by commissioner can conduct GST audit for a period of one FY or in multiples thereof. This audit by the tax authorities has to be conducted in the premises (i.e. principal place of business or the office) of the taxpayer within a period of three months from the date of commencement of audit. However, this period can be extended by 6 months if the commissioner approves it; making the maximum period for conducting such audit to be 9 months. Further, before commencement of such audit, the registered person is served upon a notice of intimation for conduct of audit at least 15 days prior.
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Special audit can be conducted only by the Chartered Accountant or Cost Accountant who is nominated by the Commissioner to carry out the audit of a person registered under GST Act. Such registered person is required to get special audit done only when he has been issued the such directions by the Commissioner in FORM GST ADT- 03. Special Audit is directed when the officer (Assistant Commissioner or any officer of higher rank than Assistant commissioner) is of opinion that there is misstatement in the value declared by the taxpayer in the returns or the taxpayer has claimed more input tax credit than it is eligible to take; and it is against the interest of Revenue Department. As a result of special audit, in case any discrepancy is found either by way of short payment of GST or erroneous refund or wrong availability or utilisation of input tax credit, the taxpayer is liable to refund the amount and along with the interest and penalty as and when applicable.
GST Audit , as per the GST Laws, can only be conducted by the Chartered Accountant or Cost Accountant or Commissioner or any officer authorised by commissioner in the cases as mentioned above and no person other than these holds the authority to carry out GST Audit. Thus, GST Practitioners cannot conduct GST Audit.
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