GST Audit
Home - GST Audit
Get GST Audit
Audit under GST refers to the examination of records, returns, and other documents kept by a tax payer. Audit under GST is used to confirm correctness of declared turnover, taxes paid, refund claimed, input tax credit availed and assess compliance with GST provisions.An audit of GST is required at times in order to verify that correct GST has been paid and the claim for refunds is being made, particularly for certain taxpayers.
frequently asked questions
Is there any threshold limit for audit under CS or CMA?
The Audit is required for any GST-registered taxable person whose turnover exceeds the prescribed limit during a fiscal year. The current notified GST Rules state that the turnover limit cannot exceed Rs 2 crore. These businesses will need to have their books of accounts audited either by a chartered accountant, or a cost accountant.
When can special audit initiated?
‘Assistant Commissioner’ may initiate the special audit, considering the nature and complexity of the case and interest of revenue. If he is of the opinion during any stage of scrutiny/ inquiry/investigation that the value has not been correctly declared or the wrong credit has been availed then a special audit can be initiated.
Note: If the taxpayer’s books were audited previously, a special audit can still be performed.
Process to conduct GST Audit
- Fill up our online application form
- Mail documents at info@indiataxhub.in
- Choose payment option from list
- Our team will reach you soon to conduct GST Audit.