GST filing rules clarified; audit report format available for Rs 2 crore-plus businesses

Businesses with an annual turnover of more than Rs 2 crore can now start filing GST audit reports for the financial year 2017-18 as the rules for filing the audit reports have been clarified. The formats of the audit report for the year 2017-18 are available on the GST Network (GSTN) portal, with a deadline of June 30 as set by the GST Council meeting in March. All taxable person under GST law are…