AUDIT UNDER GOODS AND SERVICES TAX (GST) ACT 2017

1. Audit by tax authorities has been formalized in GST law. 
2. The Commissioner or any officer authorised by him, by way of a general or a specific order, can undertake audit of any registered person for any financial year or multiple thereof, at the place of business of such person or his office. The assessee has to extend full co-operation to Audit team.
3. A notice in FORM GST ADT-01 has to be given to assessee at least 15 days prior to conduct of audit and audit has to be completed within three months or within farther extended period of 6 months.
4. The audit team can verify the documents on the basis of which the books of account are maintained and the returns and statements furnished, the correctness of the turnover, exemptions and deductions claimed, the rate of tax applied in respect of supply of goods or services or both the input tax credit availed and utilized, refund claimed, and other relevant issues.
5. Findings of Audit have to be communicated to the assessee within 30 days of conclusion of audit.
6. Special audit of accounts of registered person can also be ordered by the Commissioner if he is of the opinion that value has not been correctly declared or the credit availed is not within the normal limits. This audit would be done by a Chartered Accountant or a Cost Accountant as may be nominated by the Commissioner. The nominated CA has to give his report in FORM GST ADT 04 within 90 days extendable by another 90 days.
7. Access to Business Premises for Audit has to be allowed in terms of order issued by officer not below the rank of Joint Commissioner.
8. The officers of Directorate General of Audit have been appointed as Central Tax Officer and invested with all the powers relating to audit across India.