Section 65 of CGST Act, 2017 Audit by tax authorities
The below post explains about Audit by tax authorities under section 65 of CGST Act,2017.
Section 65 of CGST Act, 2017 explains Audit by tax authorities as below: (The amendments if any will also be updated here soon).
The extract of Section 65 of CGST Act,2017 quoted below:
65 Audit by tax authorities.
65. (1) The Commissioner or any officer authorised by him, by way of a general or a
specific order, may undertake audit of any registered person for such period, at such frequency
and in such manner as may be prescribed.
(2) The officers referred to in sub-section (1) may conduct audit at the place of business
of the registered person or in their office.
(3) The registered person shall be informed by way of a notice not less than fifteen
working days prior to the conduct of audit in such manner as may be prescribed.
(4) The audit under sub-section (1) shall be completed within a period of three months
from the date of commencement of the audit:
Provided that where the Commissioner is satisfied that audit in respect of such
registered person cannot be completed within three months, he may, for the reasons to be
recorded in writing, extend the period by a further period not exceeding six months.
Explanation.––For the purposes of this sub-section, the expression “commencement
of audit” shall mean the date on which the records and other documents, called for by the tax
authorities, are made available by the registered person or the actual institution of audit at
the place of business, whichever is later.
(5) During the course of audit, the authorised officer may require the registered
person,—
(i) to afford him the necessary facility to verify the books of account or other
documents as he may require;
(ii) to furnish such information as he may require and render assistance for
timely completion of the audit.
(6) On conclusion of audit, the proper officer shall, within thirty days, inform the
registered person, whose records are audited, about the findings, his rights and obligations
and the reasons for such findings.
(7) Where the audit conducted under sub-section (1) results in detection of tax not
paid or short paid or erroneously refunded, or input tax credit wrongly availed or utilised, the
proper officer may initiate action under section 73 or section 74.
The above information clarifies about Audit by tax authorities under section 65 of CGST Act,2017.
If you have any comments about Section 65 of CGST Act, 2017 explaining Audit by tax authorities, share below your thoughts:
Click here to know GST rate of your goods or service
GST Exemption list of goods and services
Find HSN number or Service tariff code for GST
GST registration guidelines
Indian GST Laws
How to export your goods?
How to export goods from India?
Learn GST in regional language
Export benefit schemes in India
How to import goods to India?
GST rate tariff for Crocheted fabrics and knitted fabrics
GST for knitted or crocheted clothing accessories, articles of apparels.
Tariff rate of GST for articles of not knitted or not crocheted apparel and clothing
GST rate for made up textile articles, clothing and worn textiles, sets
GST for Gaiters, Footwear parts, gaiter parts, footwear
GST payable for Wood, wood charcoal, wood articles etc.
GST for Cork and Cork products
Goods and Service Tax for straw manufacturers, basket ware and wickerwork
Tax payable for wood pulp, fibrous cellulosic material, waste and scrap paper as GST in India
GST applicable for Paper, paper board and paper pulp articles
How much rate of GST for printed books, newspapers, pictures etc.?
Rate of GST payable for Silk and Silk products
Export procedures and documentation
Refund of GST tax on deposit under investigation
Refund of amount deposited for GST appeal
Finalization of provisional assessment under Goods and Service Tax refunds
Refund of GST tax on excess payment due to mistake or inadvertentce
When does GST tax to be refunded?
GST payments, list of Banks authorised in Centre and States
GST payment errors between GSTN and RBI
Travelers to India under import duty exemption, Frequently Asked Questions Part 2
Triangular export
Mode of payments in international trade
Triangular shipment
Types of Insurance Documents.
What is the earliest date can be mentioned on Bill of Lading. Can BL date and let export date be same day?
What is the Procedure for importing goods through Post offices in India
What is Third Party Exports? Difference between manufacturer exporter and third party exporter.
What is VACIS exam in US import customs clearance