The GST department is said to prepare a risk score sheet which will suggest and hold the level of scrutiny against the particular taxpayer in future, known from the official sources.
This plan is set to conclude even including the annual GST return which is currently on hold for two months to 31st August as the audits of 2017-18 returns were to started from July.
The directorate general of audits is said to order the officers regarding such plan and has asked them to prepare complete sheet as to how to implement such a measure.
The final list of taxpayers will be prepared along with their risk score and according to their turnover, they will be held for certain parameters and categorization.
These taxpayers will be settled in the risk category and the commissionerate will go through the representation. The authorities have decided to audit around 70 per cent of taxpayers.
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As per a tax expert, “Businesses should be very careful in the submission of the GST audit data and ensure that it is reconciled before submission as this data will also be used for live audits in future in addition to being used to determine the taxpayers who would be subjected to the audit”.
