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GST Audit to continue for FY 2019-20, clarifies CBIC

Posted on 13 February 2021,    
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The Union Budget 2021 has scrapped GST Audit as Section 35(5) has been committed from the GST Act. In this regard, several taxpayers and professionals were confused whether GST Audit will be applicable for FY 2019-20. CBIC, via their official Twitter handle, has clarified that GST Audit will be applicable for FY 19-20. Read the official Tweet below:

CBIC notifies that Sections 35 and 44 of CGST Act are proposed to be amended in Finance Bill 2021.

GST Audit to continue for FY 2019-20, clarifies CBIC

However, these proposals will come into effect from a date to be notified later.

For FY 2019-20, the existing provisions shall continue.

GST Audit to continue for FY 2019-20, clarifies CBIC

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