ICMAI Releases Second Edition of “Handbook on GST Department Audit”
The Institute of Cost Accountants of India (ICMAI) has released the updated Second Edition of the Handbook on GST Department Audit (January 2026) to assist taxpayers and professionals in navigating the increasingly data-driven audit landscape.
Key Highlights of the Handbook:
Updated Framework: Incorporates the latest legislative amendments, procedural refinements, and emerging audit practices up to early 2026.
Technology-Driven Approach: Provides guidance on the shift toward analytical and insight-driven audits involving Data Analytics, Automation, and Artificial Intelligence.
Comprehensive Legal Guidance: Covers the entire legal spectrum of GST audits, including:
Legal framework, objectives, and principles.
Audit planning, execution, and risk-based case selection.
Documentation requirements and post-audit procedures.
Thematic and special audits.
Practical Tools: Includes detailed checklists, FAQs, illustrative examples, and sector-specific issues.
Judicial References: Features references to important judicial pronouncements shaping GST audit interpretations.
Objective and Audience:
The handbook is designed as a ready reference for Cost and Management Accountants (CMAs), tax professionals, departmental officers, and corporates. It aims to enhance audit preparedness, ensure procedural clarity, and support transparent tax governance between taxpayers and authorities.
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