GST Audit and Ease of Doing Business

Abstract

Goods and Services Tax has been introduced for almost two years ago. This was a major reform in the history of Indirect Taxes. It subsumed many taxes, duties into a single levy. Many provisions in the GST Act have been welcomed by the tax payers and industry. The GST Audit has also peculiar provisions of reconciliations of turnover and taxes paid. An attempt has been made in this research paper to highlight important provisions of GST Audit and comparison with earlier provisions and impact on Ease of doing business.