The audit under GST will be carried out by the Tax Authorities in the prescribed manner and will be completed within the given time i.e. within a period of three months from the date of commencement of audit.
If the Tax Authorities believes that the audit in respect of such taxable persons cannot be completed within the given times i.e. within 3 months from the date of commencement of Audit, then it can be extend the period by a further period not exceeding 6 months. Here for the extension of Audit period, the reasons to be documented and recorded in writing.
The Chartered Accountant or Cost accountant as nominated by the Commissioner, within the period of 90 days, submit a report of such audit duly signed and certified by him including the other details to the said Deputy/Assistant Commissioner
The provision of Special Audit shall have effect notwithstanding that the accounts of the taxable person have been audited under any other provision of this Act or any other law for the time being in force or otherwise.
The expenses of, and incidental to, the examination and audit of records including the remuneration of such Chartered Accountant or Cost Accountant, shall be determined and paid by the Commissioner.
Where the special audit conducted results in detection of tax not paid or short paid or erroneously refunded, or input tax credit erroneously availed, the proper officer may initiate action under section 51