Audit program of GST Audit

The audit program may be prepared considering the various aspects to be covered in the report, i.e., checks to be performed to verify the following:

  • Whether the books of account and related records maintained are sufficient for verification of the correctness, completeness and accuracy of the returns;
  • Whether the annual return filed reflects the correct figures and includes all the transactions effected during the year that require disclosure;
  • Whether the value of outward supplies, and inward supplies declared in the annual return includes all the outward supplies and inward supplies, respectively, effected during the year;
  • Whether the inclusions and exclusions to / from the value of supply are in accordance with the provisions of the law;
  • Whether the exemptions claimed in the annual return are in conformity with the provisions of the law;
  • Whether the amount of ITC determined as eligible and ineligible have been determined in accordance with the provisions of the law;
  • Whether the classification of outward supplies, rate and amount of tax thereon, and nature of tax, is correct;
  • Whether the other information given in the return is correct and complete.

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