GST Audit Services

Goods and Services Tax - Audit under GST is the process of examination of records, returns and other documents maintained by a taxable person. GST Audit will apply every year for those GST registered business (GSTIN) having turnover more than 5 crores, by the sale of goods or services in the financial year.

We help our clients by guiding in GST Audits on following criteria.

• Verification of  the accuracy of the turnover declared, taxes paid, refunds claimed, and input tax credits claimed, as well as other GST Act compliances.
• Reconciliation with GSTR 1 & 3b and  ensuring  that monthly or quarterly returns are in sync with books of accounts .
• Verification of Taxes payable on Reverse Charge Mechanism (RCM) .
• ITC availed and bifurcation of ITC in purchases and different kind of expenses . Also Reversal of Input Tax Credit for non payment in 180 days Date of invoice of supply and Date of payment .
• Interest calculations on Late payment of GST liability and timely  deposit of the same .
• Verification of E-way bill   and  checking  whether the same is  tallying with invoices issued. 
• Goods which was sent on approval basis, should be offered to tax in case of exceeding the time limit of 6 months . 
• Matching GST Audit Turnover with Income Tax Turnover .
• Stock transfer In case of multiple branches, reconciliation of stock transfers among branches The stock held as per books of accounts and the GST annual return must be the same. 
• Checking  both the inward supplies and outward supplies are charged with applicable rate or not. Also  inward or outward supplies are exempted  supplies or not.

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Our Offices

Rajkot | Vadodara | Mumbai |