The payment of tax or dues on supplies of goods and services shall be made to the Government by the registered person through electronically at the Common portal in GST regime. The manner of payment of tax and dues of the Government in erstwhile provisions of Central Excise and Service Tax even though was made through electronically but not on the common portal.
When used with other audit procedures, external confirmations can be an effective audit tool in detecting fraud in accounts. In addition, to obtain sufficient appropriate audit evidence, debtor and creditor confirmations assist the auditor in discovering exceptions in the accounts.
