Key Points for GST Audit of Multi Location entities

By | December 16, 2018
(Last Updated On: December 16, 2018)

In case of Multi Location entities, what should be the specific area of examination under GST ?

Ans. Audit of Multi Location entities would require examination (among others) of the following:

i) Cost incurred commonly at or by the Head Office – E.g. Marketing and Brand Building Costs;

ii) Head Office providing support to Branches – E.g. Centralized Accounting Services; HR Services etc.,

iii) Branches without billings to third parties;

iv) Branches with billings to third parties;

v) Identification of Branches which have not been registered;

vi) E-Way bill to track supplies which have been marked as stock transfers;

vii) Credit of ‘State A’ availed in ‘State B’ especially in cases of where the place of supply is State B (E.g. Accommodation Services of employee of ‘State A’ availed as credit in ‘State B’);

viii) Basis of bifurcation of credits into ISD;

x) Valuation of Supply especially when credits are not available in the hands of the receiving Branches.

Category: GST

About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com

Leave a Reply

Your email address will not be published.