In a move that is expected to help businesses as well as reduce litigation, a Model All India GST Audit Manual 2023 has been finalised for use by the Centre and state tax officials.
The manual lays out standard principles for the selection of audit cases, preparation and conduct of audit as well as post-audit follow up is expected to help both the Central and state GST officials to carry out the process in a uniform manner, sources said.
The norms, which were placed before the GST Council in February, are likely to be taken up for audit cases from this fiscal.
Among other measures, it has suggested a common platform for sharing important audit findings and other sources of relevant information to improve the quality and efficiency of audit. It has also called for capacity building and regular training of officials as well as identification of services sectors for focussed training. Services already identified include e-commerce, works contract, hospitality, banking and financial services and hospitality.
Read more at : Financial Express
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