Overview

The Goods and Services Tax (GST) regime mandates strict compliance, accurate reporting, and transparency in financial and transactional records. A GST Audit ensures that businesses adhere to GST regulations, file returns correctly, and maintain proper documentation in accordance with the GST Act and Rules. Our GST Audit services help organizations identify compliance gaps, manage risks, and optimize tax positions while preventing penalties, interest, and litigation.

GST Audit Scope & Deliverables:

• Verification of GST Returns & Reconciliation

  • Matching GSTR-1, GSTR-3B, GSTR-9 & GSTR-9C with financial statements, books of accounts, and trial balances.

• Examination of Input Tax Credit (ITC)

  • Review of eligibility, restrictions, reversals, reconciliations (including 2A/2B matching), and availed vs utilized ITC accuracy.

• Evaluation of Output Tax Liability

  • Verification of tax rates, classification of goods/services (HSN/SAC), exempt supplies, zero-rated supplies, and reverse charge mechanism.

• Review of Tax Invoices & Documentation

  • Checking invoice formats, e-invoicing, debit/credit notes, delivery challans, and statutory records for GST compliance.

• Assessment of Place of Supply & Time of Supply

  • Ensuring correct determination to avoid disputes or misreporting.

• Verification of E-way Bills & Logistics Compliance

  • Cross-verification of e-way bills with sales registers, stock transfers & dispatch documentation.

• Review of Annual Return & GST Audit Report (GSTR-9 & GSTR-9C)

  • Preparation and certification by a Chartered Accountant along with disclosure of observations and recommendations.

• Identification of Non-Compliance & Risk Areas

  • Reporting inconsistencies, financial exposure risks, and areas requiring corrective actions.