Statutory GST Audit
Like under VAT regime, is there any statutory GST audit by a Chartered Accountant compulsory for all assesses and what are the provisions for it ?
- Annual return with reconciliation statement has to be certified by CA (Chartered Accountant) / cost accountant if turnover exceeds Rs two croes and has to be filed in FORM GSTR-9C,
[ Section 35(5) Accounts and other records , Section 44 (Annual Return ) CGST Act and Rule 80 of CGST Rules 2017 ]
- Special audit by CA (Chartered Accountant) / cost accountant only by specific order by any officer not below the rank of Assistant Commissioner if the
- value has not been correctly declared or
- the credit availed is not within the normal limits,
[Section 66 of CGST Act and Rule 102 of CGST Rules 2017 ]
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