CA Pragya Singh Rajpurohit

Email: [email protected] | Ph: 9042567431

DOCUMENTS LIST - BASIC

Particulars Remark
Signed Financial Statements
State wise financial statements
GST User Id
GST Password
Monthly GSTR 3B
Monthly GSTR 1
Monthly GST Workings
Monthly ITC reversal workings along with final reversal
Transitional Credits Availed along with workings
List of supplies along with HSN and rate adopted
Refund Claim filed along with workings
Refund Claim Orders received
List of Advance Rulings applied

CHECKLIST:

Particulars Ref
Understanding Of Client Business A1
Registration A2
Supply A3
Documents Related To Supply A4
Place of supply A5
Reverse Charge A6
GST Payments & Input Tax Credit A7
Job Work A8
Filing of Returns A9
Refund A10
Accounts & Records A11
Miscellaneous A12
Management Representation Letters
CA Pragya Singh Rajpurohit | Email: [email protected]

UNDERSTANDING OF CLIENT BUSINESS:

S.No. Particulars

1 BASIC DATA
a Name of the client
b Constitution Type - Private, Public, Section 8
c Registered Office
d Branches / Warehouses / Factory address
e Nature of Business
h List of supply along with HSN and rate

2 MANAGEMENT
a Key Shareholders
b Key Managerial Personnel ( KMP ) / Other Key officers of the Company
c Directors and Constituion of the Board
d Independent Directors and Committees of the Board
e List of all Related Parties and nature of relationships

3 INDUSTRY DYNAMICS
a Industry in which the client operates
b Seasonality / Trends in industry
c Present state and prognosis for industry
d Client state vs industry benchmarks
e Key Competitiors
f Key Suppliers
g Key customers and marketing relationships

4 ACCOUNTING SYSTEMS AND INTERNAL CONTROLS

a Standard Operating Procedures
b Delegation of Powers
c IT enviroment in the entity
d Financial Reporting protocols
e Management Reporting protocols
Remarks
CA Pragya Singh Rajpurohit | Email: [email protected]

REGISTRATION

S.No. Particulars Checked By

Obtain the list of registrations in pre GST regime and
1
ensure migration?
2 Whether registration is obatined in every state from
where supply is made ?
3 Whether compulsory registration as required u/s. 24 of
CGST Act is obtained?
4 Whether the entity was registered as composition
dealer at any time during the year?

5 Whether additional places of business within a state are

added in the registration certificate

6 Whether registration for ISD has been obtained for

transfer of ITC in respect of services

7 Whether GSTIN is displayed in Name Boards

Yes / No / NA Remarks Action Taken
CA Pragya Singh Rajpurohit | Email: [email protected]

SUPPLY & CLASSIFICATION OF SUPPLY

S.No. Particulars Checked By

1 Whether classification of supplies into goods or service is as
per Schedule II to the CGST Act?

2 Whether any revenue is classified as not a supply? Provide

reasons.
3 Whether supply of goods are appropriately classified as per
customs tariff?
4 Whether supply of services are appropriately classified as per
Annexure to Notification 11/2017 - CGST (Rate)?

5 Whether rate for goods is as per the notification 1/2017 read

with subsequent amendments?

6 Whether rate for services is as per the notification 11/2017

read with subsequent amendments?

7 Whether exemption in case of goods is claimed as per the

notification 2/2017 read with subsequent amendments?

8 Whether rate is as per the notification 12/2017 read with

subsequent amendments?
9 Whether conditions for export of service as per definition in
IGST Act is complied?
10 Whether conditions for export of goods as per definition in
IGST Act is complied?
11 Whether conditions of notification in case of deemed supply
has been complied?
12 Whether conditions of notification in case of supplies to
Merchant Exporter has been complied?

13 Whether Composite and Mixed Supplies are appropriately

taxed as per Section 8?
14 Whether Tax on sale of capital goods has been discharged as
per Section 18 and Rules made there under?

15 Whether Supply falling under Schedule I of the CGST Act has

been identified and tax has been paid?

16 Whether change in tax rates has been dealt with correctly?

17 Whether supply as per books of account matches with supply

as per

TIME OF SUPPLY
S.No. Particulars Checked By
Whether GST is paid on the basis of provisions of Section 12
1
& 13 of the CGST Act?
2 Whether there was any change in the rate of tax and
provisions of Section 14 of the CGST Act have been complied?
3 Whether any goods were sent of approval basis and
provisions of time of supply was compiled on the same?

4 Whether any goods were sent on job work basis and not
returned within prescribed time and provisions of time of
supply was compiled on the same?

VALUATION OF SUPPLY

S.No. Particulars Checked By

1 Whether all the inclusions and deductions as per Section
15 have been complied?
2 Whether valuation is made as per valuation Rules of the CGST
Rules?

VERIFICATION WITH RETURNS

S.No. Particulars Checked By
1 Whether supplies as per books of account and GSTR 1 are
same?
2 If not same, whether reconciliation statement has been
prepared?
3 Whether in the reconciliation statement any items are there
on which GST was payable during the year?
Yes / No / NA Remarks Action Taken

Yes / No / NA Remarks Action Taken

Yes / No / NA Remarks Action Taken

Yes / No / NA Remarks Action Taken

CA Pragya Singh Rajpurohit | Email: [email protected]

DOCUMENTS RELATED TO SUPPLY

S.No. Particulars Checked By Yes / No / NA Remarks
1 Whether invoice has all the prescribed
particulars as required under Section 31
and rules made there under?

2 Whether bill of supply is issued for exempt

supplies/ non- GST supplies?

3 Whether the time limit for issue of invoice

has been adhered to?
4 Whether Receipt voucher is issued for
receipt of advance?
5 Whether "Self Invoice" is raised in case of
RCM transactions
6 Whether Credit note/ Debit notes are
issued as per the provisions of the GST law
as per Section 34?

7 If Credit note/ Debit notes are not issued

as per Section 34, then no tax is reversed?

8 Whether the Delivery challans are

maintained?

VERIFICATION WITH RETURNS

S.No. Particulars Checked By Yes / No / NA Remarks
1 Whether document as per books of
accounts match with GSTR 1
Place: Reviewed by - Manager / Partner / Proprietor
Date:
Action Taken

Action Taken
CA Pragya Singh Rajpurohit | Email: [email protected]

PLACE OF SUPPLY
S.No. Particulars Checked By Yes / No / NA
1 Whether inter state transactions are determined
as per Section 7 of the IGST Act

Whether intra state transactions are determined

as per Section 8 of the IGST Act
2

Whether the place of supply of goods in case of

domestic supply has been determined as per
3
Section 10 of the IGST Act

Whether the place of supply of services in case of

domestic supply has been determined as per
4
Section 12 of the IGST Act

Whether the place of supply of goods in case of

international supply has been determined as per
5
Section 11 of the IGST Act

Whether the place of supply of services in case of

international supply has been determined as per
6
Section 13 of the IGST Act

Whether the wrong payment of tax

i.e. IGST in lieu of SGST/CGST is claimed as
7
refund?

Whether the wrong payment of tax

i.e. SGST/CGST in lieu of IGST is claimed as
8
refund?
Remarks Action Taken
CA Pragya Singh Rajpurohit | Email: [email protected]

REVERSE CHARGE MECHANISM

S.No. Particulars Checked By Yes / No / NA
Whether Reverse Charge has been paid on all
inward supplies notified u/s. 9(3) of the CGST Act
1
and u/s. 5(3) of the IGST Act?

2 Whether Reverse Charge has been paid u/s. 9(4)

of the CGST Act and Section 5(3) of the IGST Act
on supplies received from unregistered person
until 12th October 2017

3 Whether ITC has been availed of the tax paid

under reverse charge?

VERIFICATION WITH RETURNS

S.No. Particulars Checked By Yes / No / NA
1 Whether expenses on which RCM is payable
reconciles with RCM as declared in GSTR 3B
Remarks Action Taken

Remarks Action Taken

CA Pragya Singh Rajpurohit | Email: [email protected]

GST PAYMENTS
S.No. Particulars Checked By Yes / No / NA
1 Whether tax has been paid within the prescribed
due dates?
2 In case of late payments whether interest has
been paid?
3 Whether GST collected has been remitted or
there is any excess collection?

INPUT TAX CREDIT

S.No. Particulars Checked By Yes / No / NA
1 Whether input tax credit is taken based on
eligible documents having all the prescribed
particulars as per the Rules made in this regard?

2 Whether the goods / services on which ITC is

claimed has been received by the entity before
taking ITC?

3 Whether in case of purchase of capital goods, if

ITC is claimed, ensure no depreciation is
claimed?
4 Whether the vendors (other than RCM) have
been paid within 180 days from the date of
invoice?
5 Whether the entity supplies both taxable and
exempt/non-GST supplies?

Whether ITC on common inputs and input service

has been reversed as per Rule 42 of the CGST
Rules?

6 Whether the entity supplies both taxable and

exempt/non-GST supplies?

Whether ITC on common capital goods has been

reversed as per Rule 43 of the CGST Rules?

7 Whether ITC has been taken on list of blocked

credits u/s. 17(5)?
8 Any Reversal of input tax credit for the goods
sent for job work?
9 Whether Input tax credit is reversed
against the receipt of
Credit Note?
10 Whether the conditions for availing transitional
credits have been fulfilled
11 Whether any ITC has been claimed as per Section
18 and whether conditions of Section 18 and
rules made there under have been satisfied?

12 Whether wrong ITC availed has been reversed

along with interest?

INPUTSERVICE DISTRIBUTOR
S.No. Particulars Checked By Yes / No / NA
 Whether ISD registration has been obtained?
1
Whether conditions for transfer of ITC on input
2 services has been satisfied?

Whether the transfer of ITC is appropriately

3 calculated as per the methods prescribed in law?

Is there is any reversal of Input tax credit and

4
credit note is issued?
Whether invoice for ISD issued contains
5
prescribed particulars?

VERIFICATION WITH RETURNS

S.No. Particulars Checked By Yes / No / NA
1 Whether monthly ITC reconciles with GSTR 3B?

2 Whether Transitional credits claimed reconciles

with books of accounts?
3 Whether reconciliation of ITC between
GSTR 3B and
GSTR 2A is done?
4 Whether returns of ISD has been filed?
Remarks Action Taken

Remarks Action Taken

Remarks Action Taken

Remarks Action Taken
CA Pragya Singh Rajpurohit | Email: [email protected]

JOB WORK
S.No. Particulars Checked By Yes / No / NA
1 Whether goods sent on job work have been
received within the prescirbed time?

Whether the documents prescirbed for job

2 work has been maintained?

Whether FORM ITC 04 has been filed

3
quarterly?
Remarks Action Taken
CA Pragya Singh Rajpurohit | Email: [email protected]

FILING OF RETURNS
S.No. Particulars Checked By Yes / No / NA
Whether returns as applicable have been filed
1
within the due dates
In case of late filing whether late fees has been
2
paid?
Whether late fees waived has been credited in
3
cash ledger?
Whether transitional credit Returns are filed within
4
the due date?
Whether any amendments/omission/ correction in
returns has been made between April 2018 to
5
September 2018?
Remarks Action Taken
CA Pragya Singh Rajpurohit | Email: [email protected]

REFUNDS
S.No. Particulars Checked By
Whether the Supplier is eligible for Refund as per Section 54?
1
2 Whether refund application has been made?
Whether the calculation of refund is as per the Rules prescribed ?
3
Whether refund order has been received or is rejected or pending ?
4
Whether Refund rejected has bein Re-credited to Electronic Credit Ledger?
5

VERIFICATION WITH RETURNS

S.No. Particulars Checked By
1 Whether the Returns filed for refund have been appropriately accounted in
the books of account?
2 Whether rejection for refund has been recorded appropriately?
Yes / No / NA Remarks Action Taken

Yes / No / NA Remarks Action Taken

CA Pragya Singh Rajpurohit | Email: [email protected]

ACCOUNTS & RECORDS

S.No. Particulars Checked By Yes / No / NA
1 Whether books of accounts are maintained
as specified in Section 35 r/w Rules 56, 57
and 58 of the GST Law?

2 Whether Books of accounts are maintained

electronically / Manually?

3 Whether books of accounts are maintained

at each place of business?

4 Whether documents documents / agreements are

available?
5 Whether Transporter/Warehouse keeper has
maintained the books of Account as per the law?

6 Whether the Register E-way Bill/Delivery

challan is maintained as per the law?

7 Whether E- Way bills are used for Valid

purpose?
8 Whether the register of ITC-01, ITC-02,
ITC-03 and ITC-04 is
maintained as per the GST law?
9 Whether the books of Accounts maintained
are centralized or decentralized?
Remarks Action Taken
CA Pragya Singh Rajpurohit | Email: [email protected]

MISCELLANEOUS
S.No. Particulars Checked By Yes / No / NA
1 Whether the registered person has complied
with Anti-Profiteering clause?

2 Whether there was a reduction in the rate of GST

and the provisions of Anti-Profiteering were
complied?
3 Whether there was a savings on account of ITC
(on comparison with previous tax regime) and the
provisions of Anti-Profiteering were complied?

4 Whether any advance ruling was applied ?

Whether the advance has been complied ?

5 Are there any departmental inspection

proceedings for Transitional Credits or
any other demands created?

6 Any adverse remarks by Statutory Auditor /

Internal Auditor has been raised and whether
those are rectified?
Remarks Action Taken