GST AUDIT PLAN
Part-A for Goods
Note: This is only an illustrative Audit Plan for M/s ABC Paper Mills. Plan for each unit should be prepared based on the specific requirement.
Guidelines for filling in the Audit Plan:
| Sl. No. | Subject | Specific Issue | Source Document | Back-up Document (Records/ Registers/ Ac counts maintained U/S 35 CGST Act read with rule 56 of CGST Rules) |
Coverage Period | Selection Criteria |
| 1 | Classification (HSN) | Availing exemption by claiming a specific heading/ conditional exemption | Invoice/GST returns | 1. R M Procurement Register
2. Production Control sheets/ register 3. Lab reports. |
For the months: | All documents |
| 2 | Valuation | Turnover Discounts | GST Invoice | 1. Commercial invoice 2. General ledger 3. Credit/ Debit notes | Entire Audit period | All invoice serial numbers ending with 5. |
| 3 | Valuation | Sale to related person | (In case goods are subsequently sold by related party)
1. GST Invoices issued by manufacturer/ supplier of goods to related persons 2. Invoices issued by the related person to the customers. |
1. Agreements relating to sales
2. Party ledgers |
Second quarter audit year(s) |
All invoices pertaining to related buyer |
| 4 | ITC | Receipt of actual quantity vis-à-vis quantity on which credit taken | 1 Input invoices
2 Credit availment register |
1. Material receipt note/ register
2. Insurance claim documents for transit losses 3. Stores ledger |
Entire Audit period | All invoice |
1. Subject: – For example classification, valuation, ITC etc.
2. Specific Issue to be verified. Under this column, the auditor should mention the precise issue pertaining to the subject. For Example Discounts passed on to the buyer, Utilisation of inputs for repair/re-processing, etc.
3. Source Document/ Information to be verified: – documents/information reflecting or having a bearing on payment of GST, to be verified. For example GST Invoice showing a particular discount.
4. Back-up Document: The documents to be examined to check the correctness of the information contained in the source document. The method of examination may also be specified under this column. For example Commercial invoice, party ledger, discount policy documents, price circulars, etc. reflecting the said discount.
5. Period of coverage: – Normally, the coverage will be for the whole of the audit period. However, the auditor may conduct test verification for specific periods each extending over a short duration.
Selection Criteria: – In case, the volume of documents for verification is large, the auditor may adopt sample verification. In such a case, the sample selection techniques should be spelt out. The sample should be chosen in such a way that it represents the whole, uniformly.
Part-B (Services)
Note: This is only an illustrative Audit Plan.
Guidelines for filling in the Audit Plan:
| Sl. No. | Subject | Specific Issue | Source Document | Back-up Document (Records/ Registers/ Ac counts maintained U/S 35 CGST Act read with rule 56 of CGST Rules) | Coverage Period | Selection Criteria |
| 1 | ||||||
| 2 | ||||||
| 3 | ||||||
| 4 | ||||||
| 5 |
1. Subject: – For example classification, valuation, ITC etc.
2. Specific Issue to be verified. Under this column, the auditor should mention the precise issue pertaining to the subject.
3. Source Document/ Information to be verified: – documents/information reflecting or having a bearing on payment of service tax, to be verified. For example GST Invoice showing a particular value.
4. Back-up Document: The documents to be examined to check the correctness of the information contained in the source document. The method of examination may also be specified under this column. For example Commercial invoice, party ledger, discount policy documents, Agreement/MOU etc. Reflecting the value mentioned in the source document.
5. Period of coverage: – Normally, the coverage will be for the whole of the audit period. However, the auditor may conduct test verification for specific periods each extending over a short duration.
6. Selection Criteria: – In case, the volume of documents for verification is large, the auditor may adopt sample verification. In such a case, the sample selection techniques should be spelt out. The sample should be chosen in such a way that it represents the whole, uniformly.
