1. INVOICINGPATTERN:
a) Whether the invoice issued contains all the information prescribed in Rule 46 of PGST
Rules and is being numbered accordingly
b) Whether invoice has been prepared in triplicate in the case of supply of goods as per Rule
48(1) of PGST Rules.
c) Whether the receipt voucher issued for advance receipt has been made as per Rule 50 of
the PGST Rules.
d) Whether the payment voucher issued for advance payment has been made as per Rule 52
of the PGST Rules.
e) Whether revised invoice or credit note or debit note issued contains all the information
prescribed in Rule 53 of PGST Rules
f) Whether the export invoice is being endorsed with the words “supply meant for export on
payment of integrated tax or supply meant for export under bond or notice of undertaking
without payment of integrated tax”

2. RETURNS:
a) Check the details of outward supply furnished in FORM GSTR-1 and compare it with
the sales account maintained.
b) Check whether Nil rated, exempted and non GST outward supply shown in FORM
GSTR-1 is proper.
c) Check whether proper rate of tax was applied to outward supply shown in FORM GSTR1.
d) Identify Zero rated supply from FORM GSTR-1 and compare it with the records
maintained by the trader.
e) Check whether returns have been furnished within the time specified under Section 39 of
PGST Act.
f) Cross-check the details furnished in FORM GSTR-1 with those furnished in FORM
GSTR 3B of the corresponding month

3. INPUT TAX CREDIT AVAILMENT:
a) Check whether the trader possesses all the invoices on which ITC was availed.
b) Check whether ITC was claimed on any negative list of goods or services mentioned in
Section 17(5) of PGST Act
c) Check whether ITC has been availed in respect of any tax that has been paid in pursuance
of any order where any demand has been confirmed on account of any fraud, wilful misstatement or suppression of facts which is not eligible in terms of Rule 36(3) of PGST Rules.
d) Check whether the calculation for reversal of tax where the input / input services are partly
used for business/non-business purpose or for exempt/taxable supply was done properly in
terms of Rule 42 of PGST Rules.
e) Check whether the calculation for reversal of tax when the capital goods are partly used
for business/non-business purpose or for exempt/taxable supply was done properly in
terms of Rule 43 of PGST Rules.
f) Check items on which ITC availed from FORM GSTR-2Awith purchase account
maintained to ensure that the ITC was taken on the items actually purchased.
g) Check whether depreciation has been claimed on the tax component of the cost of capital
goods and plant and machinery under the provisions of the Income-tax Act, 1961 and
availed the input tax credit on the said tax component which cannot be allowed in terms of
Section 16(3) of PGST Act.

h) Check whether payment has been made for value of supply to the supplier within 180 days
from the of issue of invoice by the supplier in terms of Section 16(2)(d) of PGST Act to
ensure that ITC was not taken in cases where consideration was not paid within the
stipulated time.
i) Check whether ITC was taken within the time limit stipulated in Section 16(4) of PGST
Act.
j) Detailed TRAN-1 and TRAN-2 Verification
a) To cross-check the veracity of information furnished under TRAN-1 vis-a-vis the
books of account and last returns filed under the repealed Acts.
b) To check whether ITC has been properly claimed on Capital Goods as per the
existing provisions of the State VAT Act.
c) Whether Inputs/Semi-finished goods/Capital Goods have been returned back to
the Principal Place of business which were sent to Job Worker within the
prescribed time as per Section 143.
d) To check proper availment of credit on transactions where trader has not submitted
statutory forms under the PGST Act within the prescribed time.
e) Check whether the ITC taken after filing GST Tran-1 / Tran- 2 is proper

4. TIME OF SUPPLY AND VALUATION
a) Whether “Time of supply of goods” was properly determined in terms of Section
12 (2) of PGST Act while discharging the tax payable.
b) Whether time of supply of goods was properly determined in terms of Section 12(3)
of PGST Act in case of payment under reverse charge and tax liability was
discharged properly.

c) Whether the discounts allowed are in accordance with regular practice of the dealer
and the purchaser has paid the sum originally charged less the discount.
d) Whether any amount, that the supplier is liable to pay but incurred by the purchaser,
has been included in the value of supply
e) Check whether interest or late fee or penalty for delayed payment of any
consideration for any supply collected from the purchaser is included in the
value of supply
f) To check the time of supply of goods in cases where there is change in rate of tax
U/s 14 of PGST Act.
g) Whether the time of supply in case of Composite and Mixed Supply has been
correctly determined.
h) Check whether transactions have been made between related/distinct persons. If so,
check whether there is significant variation in the value in compare is on tosimilar
transactions with unrelated buyers.
i) Whether the value has been determined in accordance with the Valuation Rules
from Rule 27 to 35 of the PGST Rules2017.

5. PLACE OFSUPPLY
a) Whether place of supply of goods has been properly determined in terms of Section
10 and 11 of IGST Act and tax has been paid accordingly.
b) Whether place of supply of services has been properly determined in terms of
Section12 and 13 of IGST Act and tax has been paid accordingly.
6. STOCKVERIFICATION
a) Check the physical stock of taxable and risk-prone commodities which can be
quantified.
b) Check whether the stock-in-trade found at the time of Audit Visit tallies with the
books of accounts maintained.

7. OTHER CHECKS
a) Total taxable turnover as per GST Return vis-à-vis turnover as per financial
accounts.
b) Ratio between net purchases vis-à-vis Net Sales (Net Purchase=O.B.+ Purchases –
C.B.)
c) Value of Closing Stock vis-à-vis ITC balance.
d) Value addition percentage vis-à-vis cash payment of GST to total liability
e) Turnover before GST introduction to check suppression in value.

Price Rs 1443.88 Click here to buy online

• Paperback : 832 pages
• Item Weight : 870 g
• Publisher : Taxmann (4 September 2020)

This book provides a complete guide on the filing of ‘GST Annual Return and Reconciliation Statement in GST Audit’. The book explains the details to be filed in each part of the forms in a simplified manner along with screenshots of GST Portal. This book helps the professionals in cross-referencing sections-rules-forms, ascertaining all the key changes, which are listed as follows:

• Applicability of changes taken place through Finance Act, 2019
• Notifications issued during F.Y. 2018-19
• Circulars issued till F.Y. 2018-19, along with relevant annexures
• Caution Points for F.Y. 2018-19

This book serves as a ready reference for all professionals like Chartered Accountants and their Articles, Company Secretaries, Cost Accountants, Advocates in handling Audit and Annual Return Assignments.
The Present Publication is the 7th Edition & it is updated till 20th August 2020, authored by Aditya Singhania, with the following noteworthy features:

• The book is divided into three divisions namely:
  o Division 1 – GSTR 9
  o Division 2 – GSTR 9A
  o Division 3 – GSTR 9C
• The chapters in the book have been divided based on the said forms i.e. each Part of the forms has been dealt with in separate Chapters, making it easy for the professional to quickly refer the relevant part for better insight
• Exhaustive tables with clear cross reference between GSTR 1, GSTR 3B, GSTR 4 vis-à-vis GSTR 9 and GSTR 9A has been made for easy pick-up of the data for furnishing return
• Clarifications issued from time to time have been incorporated in the relevant table to track the changes that has taken place from time to time
• This book includes explanation of the law and commentary in each Chapter along-with relevant case laws in order to ascertain the impact in annual returns and audit for FY 2018-19.
• Since this is the 2nd year for which GSTR 9 and GSTR 9C needs to be furnished, therefore, there are several transactions whose impacts run across FY 2017-18, FY 2018-19 and FY 2019-20 for which a separate Chapter has been incorporated.
• Other key features are enumerated here-in-below:
  GST Audit Report:
  o Clause-wise detailed analysis
  o Action to be taken for each clause
  o Areas of concern
  o How to do reconciliations in GSTR 9C
  o Checkpoints while doing GST Audit
  o Clause-wise relaxation
  o Explanation using practical examples
  o Interlinks with Audited Annual Financial Statements
  o Explanation using screenshots of GSTR 9C
  o Spillover effects
  GST Annual Return:
  o Table-wise detailed discussion
  o Interlinking of GSTR 1, 3B, 4, ITC Forms
  o How to report details in GSTR 9 in Table Form
  o Practical scenarios in a tabular presentation
  o Explanation using screenshots of GSTR 9 and 9A
  o Table-wise options
  o Spillover effects