There should be a provision for a separate audit for GST
A meeting of the Grievance Redressal Committee was organized by the products and Services Tax Department (GST) of Madhya Pradesh and Chhattisgarh. In this, the Mahakaushal Chamber of Commerce and Industry suggests the difficulties faced in GST and also gave suggestions to beat them. Actually, this was the primary meeting of the Grievance Redressal Committee during which top officials were present on behalf of the department. Officials also assured to implement the answer given to beat these difficulties. Mahakoshal Chamber of Commerce President Ravi Gupta said that it’s been 3 years since the products and Services Tax has been implemented, but traders are still facing problems. So by removing this problem at one and GST audit plays an important role in two departments.
Separate audits in two departments:
He said that there are still many misconceptions in GST, which should be cleared at the earliest, in order that taxpayers get relief. During the camp, it had been stated by the Chamber that under the new tax provisions, a provision has been made to conduct a separate audit for GST, while under the tax Act, auditors are already being audited by taxpayers. the necessity for both departments, tax, and GST under the govt are often fulfilled albeit the govt audits through the new format of audit in situ of the double audit. Chamber co-minister Akhil Mishra said that in the meeting, two Vice Presidents of GSTN Council including officials of the 2 departments of the state also spoke during the meeting. Industry meeting a lot of things has been discussed but GST separate audit is the main issue in the meeting. There are lots of benefits it has been taught but some disadvantages also been given. Looking towards these things a conclusion has been declared to fulfill GST government audits.