GST DAILY – 130

Stay Yourself  Updated  on GST

GST Audit Checklist for Supply – 4

👉Whether the kind of outward supplies like Taxable supply, Exempted supply, Zero-rated supply, Nil rated supply, Supplies to SEZ unit/ developers/Deemed Export and Merchant Export etc are appropriately classified under GST law?

👉Whether any transactions which falls within the scope of supply has not been identified by the Registered Person?

👉 Have you checked Interstate supply as per section 7(5) of IGST Act 2017?

👉 Have you checked Intra State supply as per section 8 of IGST Act 2017?

👉 Whether the Zero-rated supply is verified as per the provisions of the law?

👉Whether the supplies made by registered person falls within the meaning of Composite non-composite Mixed supply? If yes, whether the same has been offered to tax as per section 8 of CGST Act?

👉 Have you checked for sale of capital goods and the GST charged and as to whether they are included in the returns filed?

👉 Whether Interstate supply is regarded as Intrastate supply and vice versa?

👉Whether abatement provisions, if any, are applicable (like one third for land) is compiled with?

👉Whether the transactions are correctly classified as supply of goods or supply of services?

👉 Have you checked the deemed supply as per schedule 1?

👉 Are there any transactions wherein the goods sent for job work not received back is treated as supply?

👉Others if any specify

Regards 🙏

CA PRADEEP MODI

9433033882