GST DAILY – 145

Stay Yourself  Updated  on GST

GST Audit Checklist for GST collections and payment verification – 10

👉 Have you checked whether tax payable is paid within the prescribed time as per GST law?

👉 Have you checked  whether tax is being collected beyond tax payable? If yes, whether Sec. 76 is compiled.

👉 Confirm whether interest has been paid in accordance with the provisions of Section 50 for any delayed tax payments.

👉 Check that the tax liability has been discharged under the appropriate heads and not under incorrect heads.

👉 Whether the tax payer charged wrongly IGST in place of CGST/SGST or vice versa?

👉 Have You followed the provisions of Rule 35 of the CGST Rules in respect of collection of taxes?

Regards 🙏

CA PRADEEP MODI9433033882