FORM GST ADT-03: Special Audit under section 66

FORM GST ADT-03 is a communication issued to the registered person by the tax authorities for conducting a special audit under section 66 of the Goods and Services Tax (GST) Act.

A special audit under GST may be conducted if the tax authorities have reasons to believe that the financial records of the registered person require detailed examination, often due to discrepancies or complexity in transactions.

The FORM GST ADT-03 is authorized to be issued by the proper officer, as designated under the GST Act, who has the responsibility of conducting the audit.

FORM GST ADT-03 includes the details of the registered person, the reasons for the special audit, the period to be audited, and the name of the auditor appointed to carry out the audit.

A registered person should carefully review FORM GST ADT-03 and respond within the specified timeframe, providing any requested documents or information to facilitate the audit.

Failure to comply with a special audit request can result in penalties, assessment of dues, and potential legal actions by the tax authorities under the GST framework.

Yes, a registered person can file an appeal against the audit findings in accordance with the provisions laid out in the GST laws if they disagree with the outcomes.

The duration of a special audit under GST varies based on the complexity of the records and transactions involved, but it is generally expected to be completed within 90 days from the date of commencement.

Commonly required documents include financial statements, GST returns, invoices, ledgers, and any other relevant records that reflect the registered person’s financial transactions.

Yes, the proper officer may extend the time for completion of the special audit beyond the initial 90 days, but this requires a valid justification and must be communicated formally.