Chapter - XI of CGST Rules, 2017
ASSESSMENT AND AUDIT
RULE 101. audit
2(13)
“audit” means the examination of records, returns and other documents maintained or furnished by the registered person under this Act or the rules made thereunder or under any other law for the time being in force to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed, and to assess his compliance with the provisions of this Act or the rules made thereunder;
(corresponding
section 65)
(1) The period of audit
2(13)
“audit” means the examination of records, returns and other documents maintained or furnished by the registered person under this Act or the rules made thereunder or under any other law for the time being in force to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed, and to assess his compliance with the provisions of this Act or the rules made thereunder;
to be conducted under sub-section (1) of
section 65
shall be a financial year 1[or part thereof] or multiples thereof.
(2) Where it is decided to undertake the audit
2(13)
“audit” means the examination of records, returns and other documents maintained or furnished by the registered person under this Act or the rules made thereunder or under any other law for the time being in force to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed, and to assess his compliance with the provisions of this Act or the rules made thereunder;
of a registered person in
accordance with the provisions of section 65, the
proper officer shall issue a
notice in FORM GST ADT-01 in accordance with the provisions of sub-section (3)
of the said section.
(3) The proper officer authorised to conduct audit
2(13)
“audit” means the examination of records, returns and other documents maintained or furnished by the registered person under this Act or the rules made thereunder or under any other law for the time being in force to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed, and to assess his compliance with the provisions of this Act or the rules made thereunder;
of the records and the books
of account of the registered person shall, with the assistance of the team of
officers and officials accompanying him, verify the documents on the basis of
which the books of account are maintained and the returns and statements
furnished under the provisions of the Act and the rules made thereunder, the
correctness of the turnover, exemptions and deductions claimed, the rate of tax
applied in respect of the supply of goods or services or both, the input tax
credit availed and utilised, refund claimed, and other relevant issues and
record the observations in his audit notes.
(4) The proper officer may inform the registered person of the discrepancies
noticed, if any, as observed in the audit
2(13)
“audit” means the examination of records, returns and other documents maintained or furnished by the registered person under this Act or the rules made thereunder or under any other law for the time being in force to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed, and to assess his compliance with the provisions of this Act or the rules made thereunder;
and the said person may file his reply
and the proper officer shall finalise the findings of the audit
2(13)
“audit” means the examination of records, returns and other documents maintained or furnished by the registered person under this Act or the rules made thereunder or under any other law for the time being in force to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed, and to assess his compliance with the provisions of this Act or the rules made thereunder;
after due
consideration of the reply furnished.
(5) On conclusion of the audit
2(13)
“audit” means the examination of records, returns and other documents maintained or furnished by the registered person under this Act or the rules made thereunder or under any other law for the time being in force to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed, and to assess his compliance with the provisions of this Act or the rules made thereunder;
, the proper officer shall inform the findings of
audit
2(13)
“audit” means the examination of records, returns and other documents maintained or furnished by the registered person under this Act or the rules made thereunder or under any other law for the time being in force to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed, and to assess his compliance with the provisions of this Act or the rules made thereunder;
to the registered person in accordance with the provisions of sub-section
(6) of section 65 in
FORM GST ADT-02.
1. Inserted Vide:- Notification No. 74/2018- Central Tax Dated31/12/2018-[Para 9]