Government auditor CAG is preparing itself to adapt to the upcoming Goods and Services Tax (GST) regime as new audit methods would be required based on a unified tax system once it comes into force, a top official said today.
Speaking at IPAI seminar on ‘Audit-an Effective Instrument of Public Accountability – The Changes Ahead, Deputy Comptroller & Auditor General (CAG) H Pradeep Rao said, “We will have to bring technological changes because GST is going to be implemented soon. We will have to change our ways and approach, as our approach of revenue audit was based on state levies and central levies. And we are already preparing ourselves for new techniques,”
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“The state governments are all on board with regard to GST and they will also have to integrate to the network (GSTN). So whether it is the use of data analytics or use of technology, we are changing continuously. And we are making best efforts.”
There is a continuous endeavour on part of the CAG to keep abreast with the changing requirements and adapting to new technologies, Rao added.
According to him, there are drawbacks in getting information while auditing the Public Private Partnership (PPP) projects as the private partners try to cover information.
In his special address, senior BJP leader Murli Manohar Joshi and former Chairman of Public Accounts Committee (PAC) advised that NGOs should be kept under the purview of CAG audit in order to track foreign, central and another funding source.
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