ICAI’s Technical Guide on Filing of Annual GST Return and GST Audit
ICAI has released ‘Technical Guide on Annual GST Return and GST Audit’ for guidance of Members in filing GSTR-9 (Annual GST Return) and to carry out GST audit under section 35(5) along with drawing-up/ certification of reconciliation statement in Form GSTR-9C as required under Section 44(2) of CGST Act, 2017, in the cases where taxpayers are having turnover above Rs. 2 Crores.
The technical guide of ICAI on Annual GST Return and GST Audit covers areas that are related to the basic principles, policies and special issues pertaining to conduct of a Goods and Services Tax Audit; drawing up reconciliation statement in Form GSTR-9C and certifying; assistance in filing GSTR-9 Form. However, the guide does not deal with legal interpretations and rulings. This does not contain answers to all the problems that may arise in the day-to-day audit work. In such cases, the GST auditor may have to apply his mind judiciously, keeping in view the intent behind the law, principles and policies.
The general scheme of GST Audit with the detailed steps, filling of forms and certification are outlined in the main part of this guide, while the references and sample documents are incorporated in Annexure and Appendix, such as Standard Audit Program, Check list, Audit Working Papers, Notifications, etc. Therefore, these documents should also be perused to understand the entire gamut of the audit scheme under the GST Laws.