Business Standard

Now, risk scores will be assigned to determine taxpayers' audit scrutiny

Taxpayers, along with their risk scores, have been divided into three categories - large, medium, and small

Representative Image
Premium

Representative Image

Dilasha Seth New Delhi
Ahead of the first audit exercise under the goods and services tax (GST) system two years after its launch, taxpayers will be divided into three categories based on turnover. Risk scores will be assigned to decide the level of audit scrutiny they will face.

The guidelines or the audit plan issued by the director general of audit (indirect taxes) to field formation came even as the annual return filing was deferred by two months to August 31.

Taxpayers, along with their risk scores, have been divided into three categories — large, medium, and small. Of this, 70 per cent will have to
Topics : taxpayers

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 27 2019 | 3:00 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com