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Technical Guide on GST Audit ebook Download which will help in GST Audit issued by ICAI May 2019 Edition

The objective of the GST audit can be ascertained from the definition of Audit given in Section 2(13) of Central Goods and Services Tax Act, 2017(CGST Act). The said definition reads as follows:

audit means the examination of records, returns and other documents maintained or furnished by the registered person under this Act or the rules made thereunder or under any other law for the time being in force to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed, and to assess his compliance with the provisions of this Act or the rules made there under.”
From the above, it can be deduced that:
  1. Audit is examination of records, returns and other documents;
  2. Those records. returns and documents might have been maintained or furnished under GST Law or any other law;
  3. The examination is to verify the correctness of:
    1. Turnover declared;
    2. Taxes paid;
    3. Refund claimed; and
    4. Input tax credit availed;
  4. (d) The examination is also to assess auditee’s compliance with the provisions of GST Act and Rules.
All this makes it clear that the objective of GST Audit is to ensure the correctness of Turnover declared, Taxes paid, Refund claimed, and Input Tax Credit availed in addition to compliance of the GST Act and Rules. The intent is that the compliance of the GST law has to be confirmed by the GST audit.

Technical Guide on GST Audit Index
S. No. Title Page No.
1 Introduction to GST Audit 1-10
2 Auditor and their Appointment 11-12
3 Important Aspects for GST Audit of Multi-Locational entities 13-17
4 Analysis of GSTR-9C 18-162
Part I: Basic Details 19-20
Part II: Reconciliation of turnover declared in audited Annual Financial Statement with turnover declared in Annual Return (GSTR 9) 21-97
Part III: Reconciliation of tax paid 98-116
Part IV: Reconciliation of Input Tax Credit (ITC) 117-128
Part V: Auditor’s recommendation on additional liability due to non reconciliation 129-162
Appendices 163-206
Appendix 1: Form GSTR 9C 163
Appendix 2: Draft format for Appointment Letter 178
Appendix 3: Suggested Audit Checklist 182
Appendix 4: Draft Letter of Management Representation 199
Appendix 5: Abbreviations 205

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