GST audit
sunil (gst) (21 Points)
21 January 2019
sir our turnover is 5 crore and we are going under gst audit so what we need to so hsn wise summary of sale or not
9 Replies
Vinod Babu
(24196 Points)
Replied 21 January 2019
Those with a turnover exceeding INR 5 Crores shall be using the 4 digit HSN codes.
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 21 January 2019
Yes... Under GST audit hsn wise details required
Shivam RC
(Student)
(23683 Points)
Replied 21 January 2019
HSN wise summary of Sales required for GST Audit...
prasad Nilugal
(3924 Points)
Replied 21 January 2019
Even HSN code of Inward supply (purchase) whose value independently accounts for 10% or more of the total value of Inward supply required to furnish in Annual return .
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 21 January 2019
Yes ... as per Notification 74/2018 CT Mr. prasad ji is correct & As per Notification 12/2017
santosh kumar gupta
(MANAGER FINANCE & ACCOUNT IN ISHAAN INFRAESTATES INDIA PVT LTD VASUNDHARA GHAZIABAD)
(83 Points)
Replied 01 February 2019
the turnover exceeds Rs. 2 Crores during the financial year, the taxpayer is required to get his books audited by a Chartered Accountant or a Cost Accountant and furnish a copy of the audited annual accounts and a reconciliation statement, duly certified, in Form GSTR 9C on or before 31st December.
The Format for GSTR 9C has been released and can be downloaded in PDF and Excel Format from the following links:-
Download Form GSTR 9C in PDF FormatDownload Form GSTR 9C in Excel Format
Normal Audit by the Commissioner
The CGST/SGST Commissioner or any officer authorised by him can undertake audit of any registered person at such frequency and in such manner as may be prescribed.
The Audit can be carried out either in the premises of the registered person or may also be done at the office of the proper officer, by calling for information or documents. However, a 15 days clear notice in GST ADT 01 would be required to be provided to the person before the initiation of such an audit.
The audit proceedings have to be closed within 3 months from the date of commencement of audit. The date of commencement of audit shall be the date on which all documents and information called for are provided or audit initiated at the business premises, whichever is later.
If the commissioner is satisfied that the audit cannot be completed within 3 months, he can accord the reasons in writing and extend the time for a further period of maximum 6 months.
During the course of the audit, the authorised officer may require the registered person,
The Format for GSTR 9C has been released and can be downloaded in PDF and Excel Format from the following links:-
Download Form GSTR 9C in PDF FormatDownload Form GSTR 9C in Excel Format
Normal Audit by the Commissioner
The CGST/SGST Commissioner or any officer authorised by him can undertake audit of any registered person at such frequency and in such manner as may be prescribed.
The Audit can be carried out either in the premises of the registered person or may also be done at the office of the proper officer, by calling for information or documents. However, a 15 days clear notice in GST ADT 01 would be required to be provided to the person before the initiation of such an audit.
The audit proceedings have to be closed within 3 months from the date of commencement of audit. The date of commencement of audit shall be the date on which all documents and information called for are provided or audit initiated at the business premises, whichever is later.
If the commissioner is satisfied that the audit cannot be completed within 3 months, he can accord the reasons in writing and extend the time for a further period of maximum 6 months.
During the course of the audit, the authorised officer may require the registered person,
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