Eye Share : Audit under Indian GST law

The Govt. has recently released the format for the reconciliation statement (GSTR FORM-9C) required to be submitted by every registered person with a turnover exceeding two crore rupee along with copy of the audited annual accounts.Mr. Amitabh Khemka (Lead Partner – Global Indirect Taxes, KNAV), quips whether the term ‘audit’, as defined under GST law, should be restricted to audit by tax authorities or be extended to a situation where the accounts are to be audited by ...