Abstract

GST was rolled out on a dynamic digital platform with online real time freedom to all. Supply and levy a powerful couple generates ITC first wand then output tax in association with tax invoices, debit notes and credit notes the details of which the registered persons must submit through returns periodically in time through live Portal as a major compliance. The System generates huge records and discrepancies are under perpetual scrutiny by the Authorities who are empowered to conduct audit and ask for special audits by professionals. Non-compliance becomes costly with proceedings and other consequences need concurrent audits and expert services by the professionals to sustain equivalence in the whole system.

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