Taxman has another trick up his sleeve under GST Act; here’s all you need to know

With more than three years into GST, the Maharashtra Goods and Services Tax Department (MGSTD) on December 22, issued a trade circular informing that the department is going to initiate audits for selected registered persons under Section 65 of the Maharashtra Goods and Services Tax Act, 2017 (MGST Act). Since it is the first time that the GST Department would be conducting audits, the Department…