India Inc. is gearing up to face the first test of their goods and services tax filings, with the authorities looking to initiate audits by picking up returns for risk-based assessment from July. 
“There is a direction that the audits should begin in July,” a government official said. 
The audit is significant because this is the first time that GST returns and the accounts of companies will be scrutinized for compliance levels and the positions they had taken — whether they had  interpreted tax provisions correctly and paid tax — after GST was introduced in July 2017. However, tax experts have called for the authorities to adopt a moderate approach during the reviews.