Physical Verification under GST for New Registrations

What is the primary purpose of physical verification under GST for new registrations?

• To collect taxes

• To verify the authenticity of the business

• To audit financial records

• To promote the business

When is physical verification under GST typically conducted?

• After every financial year

• During the registration process for high-risk applicants

• Whenever GST refunds are claimed

• Before conducting an annual audit

 Who is responsible for conducting the physical verification?

• Taxpayer himself

   

• Authorized representative

• GST Officer

• Company Secretary

What document is issued to the applicant prior to the physical verification?

• GST Certificate

    

• Audit Report

• Notice of Verification

• Summons

Which of the following is NOT verified during the physical verification?

•  Existence of business premises

    

• Nature of business activities

• Personal financial status of the owner

• Accuracy of provided documents

What happens if discrepancies are found during the physical verification?

• Immediate cancellation of the registration

    

• Issuance of a show-cause notice

• Imposition of a fine

• All of the above

How does the GST officer document the findings of the physical verification?

• Through a verbal report

    

• By submitting a written verification report with evidence in GST REG-30

• By sending an email summary

• Through a telephonic conversation

Can the GST registration application be approved without physical verification?

• Yes, always

    

• No, never

• Yes, if the application is deemed low-risk and Aadhar authenticated

• No, only in case of high-risk applications

What type of evidence might a GST officer collect during physical verification?

• Photographs of the business premises

• Copies of business invoices

• Bank statements

• All of the above

What is the consequence if the physical verification report is favorable?

• Immediate approval of GST registration

     

• Suspension of business activities

• Imposition of additional taxes

• Rejection of GST registration