CBIC develops common minimum audit plan for Banking Sector

The Chairman of Central Board of Indirect Taxes and Customs (CBIC) has shared in his newsletter that Central and state officers have developed a common minimum audit plan for Banking Sector.

The Committee headed by Sh. Hardeep Batra, Commissioner CGST Audit Ludhiana and comprising officers from State GST have developed the plan.

“This audit plan, released this month, provides guidelines to aid audit officers, both from the Centre and the States, to carry out Thematic Audit in an efficient, focussed, transparent and coordinated manner. This will be another stellar example of the synergies of the Centre and the States in the implementation of GST.” He Said