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Applying para 2(g) of Instruction No. 01/2023-24-GST (Inv.) dt.
30-3-2024 in Audit matters- reg.
The Central Board of
Indirect Taxes and Customs (CBIC) issued a directive on August 14, 2024,
emphasizing the application of paragraph 2(g) from Instruction No.
01/2023-24-GST (Inv.), dated March 30, 2024, during audit matters. This
paragraph outlines procedures to be followed when an audit investigation
reveals issues of tax non-payment or short payment due to varying
interpretations of the CGST Act, rules, or notifications. If the taxpayer's
actions align with a prevalent trade practice that could result in differing
interpretations and potential litigation, the Zonal Principal Chief
Commissioner is instructed to make a comprehensive reference to the GST Policy
or TRU wing of the Board before concluding the investigation. This measure is
aimed at promoting consistency and reducing litigation, with the potential to
involve the GST Council in the decision-making process if necessary. The
directive applies to both ongoing and future audit processes.
References:
Instruction No. 03/2024-GST
Disclaimer: All the Information is based on the notification, circular and order issued by the Govt. authority and judgement delivered by the court or the authority information is strictly for educational purposes and on the basis of our best understanding of laws & not binding on anyone.
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