GST Audit : 20 Most important Points while doing GST Audit
GST Audit : 20 Most important Points while doing GST Audit
Points to consider while doing GST Audit
Sr. No. Documents Required
1. Reconciliation of with Profit & Loss Account with GSTR-9. All details of
GSTR -1 And GSTR – 3B shall also be considered.
2. Obtain list of All branches. Check whether, branches within the state are
informed as branches on GST Portal.
3. Check the rent agreements for registered place of business. Whether the same
is updated with the GST Portal? Also check the Person authorized to sign the invoices is still authorized and only authorized person is signing the invoices.
4. Supply of services to branches located to other States. Cross charge
applicability. (IGST Will applicable even if without consideration)
5. Check Outward supplies claimed as exports. Check calculation of refund, if applicable. Also Check provision of FEMA, Whether payment is received within 270 Days. Have to Report Erroneous Refund to be paid in bank -
Part-A- PointV -9C
6. Check Rate of Tax applied on outward supply along with HSN/SAC used.
(Rate of Tax)
7. Checking valuation of supply is as per GST law
(Whether the provision of section 15 are complied, If any sale to related party whether the rules i.e. 28 to 31 are complied with)
8. Treatment of Advances received (Only Services Not on Goods)
9. Verification of ’place of supply’ to check whether correct GST is charged
(Whether CGST/SGST or IGST is correctly charged)
10. Applicability of GST on Sale of Capital Goods or used cars and ITC relating
to them correctly reversed.
11. Expenses liable to RCM including the foreign payments (Directors Remuneration Circular-140)
(Payment to director falling under Salary head or professional fees)
12. Reconciliation of ITC availed on expenses as per P&L A/c with ITC declared in Annual Return
(Whether GSTR – 9 correctly disclose all purchases made in books)
13. Ensure blocked ITC as per Section 17(5) has been reversed
14. Checking that payment to creditors is made within 180 days, else ITC to be
reversed or Note in Para 5- Part B- 9C
15. Reversal of ITC on any value of goods written off in the books.
16. Reversal of ITC in case of exempted / non-GST supply. Rule 42+43
17. Ensure Tax invoices/ debit or credit notes/ self -invoices/ payment voucher/
refund voucher are issued and are in order. As per Rules 46 to 55
18. Checking of compliance in case of Goods Sent to Job Work or Supply made
to Agent.
19. Records are maintained as per Rule 56/ 57/ 58
20. Interest on delayed filing of return, if any. Have to Report in Auditor
Recommendation- Part V- Form 9C
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