CA. Bhavik P. Chudasama
Quick Summary
Under Goods Services Tax (GST), audit is defined under Section 2(13). Today, we will analyze one of the actions under GST Law; Section 65-where audits are carried out by tax authorities as mentioned in Section 61. This article provides a detailed exploration of Section 65, including its text, key
Daily Limit Reached
You have reached your daily limit of 2 Free Articles
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited Articles Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
Buy CCI PRO Now
Already a PRO member? Login here for an ad-free experience.
FAQ :
Section 65 of the CGST Act grants the Commissioner or an authorised officer the power to conduct audits of registered persons to verify compliance with GST laws, including tax payments, refunds, and input tax credit.
Taxpayers are informed about an upcoming audit at least fifteen working days prior to its commencement, typically through a notice in Form GST ADT-01.
A GST audit should generally be completed within three months from its commencement date. However, the Commissioner can extend this period by a further six months if necessary, with written justification.
Upon conclusion, the proper officer must inform the registered person of the audit findings, their rights and obligations, and the reasons for the findings within thirty days, usually via Form GST ADT-02.
If the audit uncovers unpaid tax, short-paid tax, erroneous refunds, or wrongly availed input tax credit, the proper officer may initiate proceedings under Section 73 or Section 74 of the CGST Act.
During an audit, tax authorities can request to verify or inspect documents such as sales/purchase invoices, debit/credit notes, stock registers, ITC and output tax registers, and records of advance receipts and payments.
CAclubindia
