Audit Reports

55 Report No. 5 of 20 22 (Indirect Taxes – Goods and Services Tax) 55 Chapter V: Processing of Refund claims under GST 5.1 Introduction Effective management of tax refunds is a key activity in the administration of taxation systems. Hassle free,...

15 Report No. 5 of 20 22 (Indirect Taxes – Goods and Services Tax) 15 Chapter III : Effectiveness of Compliance Verification M echanism under GST As per Section 59 of the Central Goods and Services Tax Act, 2017, every registered person shall self ...

1 Report No. 5 of 20 22 (Indirect Taxes – Goods and Services Tax) 1 Chapter I: Indirect Taxes Administration and Revenue Trend This chapter gives an overview of the indirect taxes administration and the revenue trends in indirect tax collection ....

iii Report No. 5 of 20 22 (Indirect Taxes – Goods and Services Tax) iii Executive Summary Goods and Services Tax (GST) is a tax on supply of goods or services or both except taxes on the supply of alcoholic liquor for human consumption. GST came...

177 Report No. 5 of 20 22 (Indirect Taxes – Goods and Services Tax) 176 Glossary ACES Automation of Central Excise and Service Tax ADVAIT Advanced Analytics in Indirect Taxation AIO All-in -one Systems ATT Adjusted Total Turnover BIFA Business...

9 Report No. 5 of 20 22 (Indirect Taxes – Goods and Services Tax) 8 Table 1.4 : Budget, Revised estimates and Actual receipts (GST) (` ` in crore) Year Budget Estimates (BE) Revised Estimates (RE) Actual Receipts CGST IGST Cess Total CGST IGST...