{"id":162,"date":"2019-06-07T10:10:44","date_gmt":"2019-06-07T10:10:44","guid":{"rendered":"http:\/\/www.gstonlineregistration.in\/blog\/?p=162"},"modified":"2019-06-07T10:10:48","modified_gmt":"2019-06-07T10:10:48","slug":"auditing-process-basic-post-gst-filing","status":"publish","type":"post","link":"https:\/\/www.gstonlineregistration.in\/blog\/auditing-process-basic-post-gst-filing\/","title":{"rendered":"Auditing process and its basic procedure in post GST filing"},"content":{"rendered":"\n

Auditing process and its importance in GST<\/strong><\/h2>\n\n\n\n

Auditing process is the vital one for the filing for GST. As per the provision of GST act is the GST registration<\/a> is following in India. Commonly, three types of audits are following in the filing process. It is the mandatory rule that a Chartered accountant or Certify Cost management should file the GST registration for the welfare of the company. The limit of the GST registration turnover is limiting up to 40 lakhs. As per the law provision, the commissioner or any office of CGST, SGST, or UTGST can conduct audit report. The frequent manner of audit is also prescribing as per the due course.<\/p>\n\n\n\n

\"Auditing<\/figure>\n\n\n\n

Chance of scrutiny, inquiry and\ninvestigation all are inevitable if any wrong proceeding occur in the GST\nfiling. Maintaining accounts with normal limit is good one. The auditing\nprocess need to complete with in time. The over limit of time will consume more\npenalty. Try to complete within time frame. Submission with right date is\nessential one. The audit must take place of business taxpayer. It can easily\nresolve the doubts on accounts.<\/p>\n\n\n\n

Auditing process and its manner of conduction:<\/strong><\/h2>\n\n\n\n

An issue of notice is the first step. It is issuing not less than 15 days to conducting the auditing process. The auditing section is following under the sec (65) the maximum time limit of three months is assuring fact. An Individual need to know this process before applying for the GST registration<\/a> is very helpful one. Suppose, the audit is not complete within extending three months of time, it will record. The report of the record is in the form of written statement. Further it is extending for 6 months but not more than this time limit. Gst registration on individual name or the owner of the business may inquire at the process. <\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

Otherwise, verification of account\nbooks, the invoice documents also requiring one. For furnish the details, the\nowner may assist the persons.  At the\ntime of inquiry they will answer on the behalf of the owner. For the timely\ncompletion they will be assisting through the Cost manager. Within 30 days the\ntaxable person should record auditing and other account finding as his\/ her\nduty. Deduction of tax, input and output tax are need to submit without any\nerror.<\/p>\n\n\n\n

Auditing rules and assessments:<\/strong><\/h2>\n\n\n\n

The auditing period should conduct for a financial year or multiple times as per their requirement. GST registration <\/a>is the process allowing the business admin to undertake the auditing process and submit it to the government portal. GST ADT- 01 is the specific form this submission process. The verification is mandatory one. This verification process bases on the submission of the statement submission. Turnover, exemptions, and deduction claims and rate of tax. The proper officer will inform the business admin as per the observation produce his reply. Special audit conducts through GST form ADT-03.<\/p>\n\n\n\n

Auditing process and powers and rights:<\/strong><\/h3>\n\n\n\n

Seizure of Goods is recovering through the proper officer. The rank of the person is not below the rank of the joint commissioner not allows to conduct this process. Proper GST registration<\/a> and audit submission will resolve all those issues. Further the statement could send to the officer of central tax. It is based on the legal calamities. Central tax officer has the full right to seizure the goods. It stands not only for goods documents and account books and things all are come under same account. Only after the necessary examination and inquiry this process will further processing one.<\/p>\n\n\n\n