The CBIC has issued GST Audit Manual 2019 after approval by the Board. The Board vide its letter F. No. 221/03/2013 – CX-6 dated August 30, 2018 requested to Directorate General to prepare a manual on Audit in GST for the consideration of the Board. The said GST Audit Manual 2019 contains working Papers for GST Audit by GST Officer & Auditor in GSTAM – Annexure VIII.
Following are the gist of the data furnishing in working paper by the GST officer here under:-
I. Details of audit
II. Nature of business operation of the taxable person
Part –A: Supply of Goods :-
III. Desk review and audit plan: Procedure/ format separate for goods and services
IV. Audit verification at the unit
V. Verification as per audit plan
VII. Post verification
Part-B: Supply of Services :-
I. Records examined
II. Ratio analysis
III. Trend analysis
IV. Input tax credit (“ITC”) analysis
V. Annual turnover vis-a-vis GST paid
VI. Annual expenditure (in Indian rupees) vis-a-vis GST paid under reverse charge
VII. Annual expenditure of foreign currency vis-a-vis GST paid underse reverse charge
VIII. Brief details of service wise exports (zero-rated), turnover of non-taxable services and exempted services for the last three years
IX. Brief details of service wise pure agent benefit claimed for the last three years
X. In case the unit is registered as ISD, give the details of ITC availed and distributed
XI. Analysis of data of GST returns filed
XII. Risk loss analysis
XIII. Audit plan
XIV. Conduct of audit
Detailed Working Papers can be accessed at: https://www.a2ztaxcorp.com/wp-content/uploads/2019/07/GST-Audit-Manual-2019-working-paper.pdf