Statutory GST Audit

By | January 13, 2018
(Last Updated On: January 13, 2018)

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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