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Nature / Type of Audit |
Form & Time limit for Notice/ Audit/ Report |
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1 |
Audit by Chartered Accountant or Cost Accountant (CA) [(Sec. 35(5)/Rule 80(3)]: |
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Registered person whose turnover during a financial year exceeds the prescribed limit (Aggregate turnover ₹ 2 Crore u/r 80(3)) shall get his accounts audited by a chartered accountant or a cost accountant (CA). |
Submit/furnish electronically a copy of the audited annual accounts, the reconciliation statement u/s 44(2) and such other documents, duly certified in FORM GSTR-9C, electronically as prescribed. |
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2 |
Audit by tax authorities (Sec. 65/Rule 101): |
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The Commissioner or any officer authorised by him, by way of a general or a specific order, may undertake audit of any registered person for such period, at such frequency and in such manner as may be prescribed, at the place of business. The period of audit shall be a financial year or multiples thereof. |
Officer shall issue notice giving 15 working days time prior to conduct of said audit and complete it within 3 months of commencement. Commissioner may extend the period by 6 months for reasons to be recorded in writing. The registered person shall provide necessary facility to the officer to verify the books of account and other documents as he may require. He shall furnish the information required by officer. Officer shall inform about the findings with reasons in Form GST ADT-04, the rights and obligations of registered person, within 30 days of conclusion of audit. Officer may initiate action of demands and recovery u/s. 73/74 of the amount detected as tax not paid or short paid or refunded erroneously or ITC wrongly availed/utilised. |
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3 |
Special Audit (Sec. 66/Rule 102): |
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If at any stage of scrutiny, inquiry, investigation or any other proceedings before him, any officer not below the rank of Assistant Commissioner, having regard to the nature and complexity of the case and the interest of revenue, is of the opinion that the value has not been correctly declared or the credit availed is not within the normal limits, he may, with the prior approval of the Commissioner, direct issuing Form GST ADT-03 such registered person by a communication in writing to get his records including books of account examined and audited by a chartered accountant or a cost accountant as may be nominated by the Commissioner. |
Registered person shall be given hearing opportunity in respect of any material gathered which is proposed to be used against him. The expenses and remuneration of such audit shall be determined and paid by the commissioner. The CA so nominated shall submit his audit report within 90 days. Such period may be extended further by 90 days by AC for any material and sufficient reason. Officer may initiate action of demands and recovery u/ss 73/74 of the amount detected as tax not paid or short paid or refunded erroneously or ITC wrongly availed/utilised. |
