GST Audits and Investigations

Saket Patawari, Executive Director, Indirect Tax, recently spoke at an event held at Bangalore on ‘Audits and Investigations’. The event was held to ensure and raise compliance awareness as well as help organizations efficiently detect financial and legal discrepancies.

Saket commenced the event by providing an overview and background of the subject. He then highlighted provisions that can be considered during the verification process in case any fraud is detected. Furthermore, he spoke at length about Departmental Audits and stated the reasons for its conduction. Saket also covered the key provisions, process, timeframe, and other aspects of Departmental Audits.

During the latter part of the event, Saket mentioned that items/goods could be searched and seized during the inspection process. Additionally, he spoke about the duration that the seized items/goods could be retained.

Saket also covered the conditions under which the seized items/goods would be returned while stating the power and responsibilities that the Proper Officer can exercise during the inspection and investigation process.