Central and state governments are working on making goods and services tax (GST) audits uniform across the country which will make scrutiny of GST compliance more predictable for businesses, said a person informed about the Centre-state discussions on the matter.
The new audit framework will for the first time prescribe common principles to be followed by both central and state officers carrying out GST audits, which will bring uniformity in the exercise, said the person, who spoke on condition of anonymity.
"This will be implemented later this year once the new GST audit manual is approved by the GST Council," the person said. It will lay down the principles to be followed by officials and will guide them on how far and deep they should go in verifying the transactions. These are in the nature of guidelines that will also specify the responsibilities and the authority of the auditor.
هذه القصة مأخوذة من طبعة January 23, 2023 من Mint Mumbai.
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هذه القصة مأخوذة من طبعة January 23, 2023 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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