GST DAILY – 146

Stay Yourself  Updated  on GST

GST Audit Checklist for Value of Supply – 11

👉Whether all the inclusions to the value of supply as per section 15 of the Act have been verified?

👉Whether discount offered to customers (pre/post supply) is not included in the value of supply after fulfillment of conditions under section 15(3) of the Act?

👉Whether valuation rules have been applied as per the GST law?

👉Whether the registered person has claimed any pure agent deduction as per Rule 33?

👉In case the value of supply is inclusive of GST, whether the taxable value and tax amount is determined as per Rule 35 of CGST Rules, 2017?

👉 In case of exports, whether the rate of exchange of currency is determined as per Rule 34 of CGST Rules, 2017?

👉Whether rate of tax charged for the supplies is as per the GST rate notifications issued /amended from time to time?

👉 Whether CGST/SGST/IGST are charged in accordance with place of supply provisions?

👉Whether the tax collected from the customers has been entirely remitted to Government?

Regards 🙏

CA PRADEEP MODI

9433033882